Winnetka Local History Digital Collections

Winnetka Weekly Talk, 1 Jan 1927, p. 17

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£5 4 A 4 + January 1, 1927 WINNETKA TALK 15 Cody Trust Opens Loop Offices for Real Estate Loans On January 1 Cody Trust company will open offices on the third floor of the Borland building, 105 South La- Salle street, Chicago. It will handle real estate loans exclusively, specializ- ing in mortgages for life insurance companies and in conservative bond issues for banks, estates and private investors. Officers of the Cody Trust company are, president, Arthur B. Cody; vice president and treasurer, Lewis W. Rid- dle; vice presidents, Hiram S. Cody and Thomas T. Roberts; secretary, Arthur C. Cody; assistant secretaries, Edward S. Clark and Bester P. Price; General counsel, Robert W. Campbell. Cody Trust company is the exclusive loan correspondent in Chicago of State Mutual Life Insurance company of Worchester, Mass.; Home Life Insur- ance company of New York; and Re- gister Life Insurance company of Dav- enport, Iowa. It is one of the real estate loan correspondents in Chicago for the state of Illinois for the Life Insurance com- pany of Virginia, Richmond, Va., and has direct connections with three other large insurance companies, enabling it to handle mortgages of any size. The mortgage business of Cody Trust company, originated in 1848 by Judge Hiram H. Cody, was later de- veloped by the law firm of Gary, Cody & Gary. This firm consisted of Judge Elbert H. Gary, now and for many years chairman and chief executive officer of the United States Steel cor- poration; Judge Hiram H. Cody, under whom Judge Gary had studied law, and Noah E. Gary, Judge Gary's brother. Its offices were in the Reaper block, still standing at the northeast corner of Clark and Washington streets, Chi- cago. In January, 1910, Arthur B. Cody, then of the law firm of Cody and Eaton (the late Marquis Eaton) was appointed mortgage loan correspond- ent of the State Mutual Assurance company of Worcester, Mass, of which the firm of Gary, Cody and Gary was appointed Chicago counsel in 1879. In February, 1912, Arthur B. Cody took into partnership his son, Hiram S. Cody, and continued the general mortgage loan business under the name of Arthur B. Cody and Son. On March 1, 1919, the business of Arthur B. Cody & Son was consolidat- ed with Chicago Trust company--Arth- ur B. Cody and Hiram S. Cody being made managers of the Real Estate Loan department of the bank, later becoming vice presidents. Arthur B. Cody was also elected a member of the board of directors of the bank. The division of the mortgage loan business, between Chicago Trust com- pany and Cody Trust company, as ar- ranged two years in advance, takes place under a complete and friendly understanding between the two insti- tutions. The directors of Cody Trust com- pany are--Senator William Alden Smith, formerly United States Senator from Michigan, Chairman of the Board of the Grand Rapids Savings bank, Grand Rapids, Mich., and chairman of the Board of the Goodrich Transit company; Robert W. Campbell of the firm of Knapp & Campbell, Attorneys, 208 South LaSalle street, Chicago, president of the Northwestern univer- sity board of trustees, Evanston, Ill; Gilbert I. Daane, president of the Grand Rapids Saving bank, Grand Rapids, Mich.; Albert W. Swayne, builder of co-operative apartments, Wrigley building, Chicago; Arthur B. Cody, Hiram S. Cody, Lewis W. Rid- dle, Thomas T. Roberts and Arthur C. Cody of Chicago. Ten Acres of Wilmette Property Sold for $50,000 Announcement has just been made of the sale of 10 acres on the south side of Lake avenue in Wilmette, just east of Hibbard road near the Indian Hill estates subdivision, by Frank and Mary Borre to R. E. Read. The prop- erty, which was purchased for subdivi- sion purposes was sold for $50,000. Lewis T. Dodds, manager of the Win- netka office of Quinlan and Tyson, Inc., was the broker. Mr. and Mrs. Harry Cadenhead of 414 Provident avenue, and their small daughter, spent Christmas and several days following, at Mattoon, Ill, visit- ing Mrs. Cadenhead's parents. --O-- Mr. and Mrs. Henry Chase and baby, of Berwyn, Ill, spent Christmas with Mr. and Mrs. J. Milton Coulter of 1065 Chatfield road. --0-- The Chi Omega sorority gave its annual luncheon at Marshall Field's tea room Tuesday. Telephone Wilmette 3347 DR. FRANK B. ERWIN VETERINARIAN Specializing In the treatment of your best friends the "Dog and Cat" All calls recelve my personal attention 1000 Ridce Ave. Wilmette, TI. 6015 Broadway The Little Marmon will soon be here | : May we send you a catalogue' MARMON NORTH SHORE Longbeach 6428 | | Room 2 Anne Pavey THE HANDCRAFT SHOP Coverlets Bedspreads Scarfs Baskets Stools Hooked Rugs Homespun Linens Pottery Hearthbrooms Made by the Southern Mountaineers 817 Elm St., Winnetka Winnetka Bargains $20,500 What it costs to duplicate. $17,500 What we can sell it for. $3,000 What :you make. Owner in California instructs us to sacrifice above beautiful six room English brick Colonial --wrought iron fixtures; hot water oil heat; 2 car garage on a wonderfully landscaped lot. HEINSEN REALTY CO. Exclusive Agents 720 Elm St., Winnetka Ph. Winnetka 254 FREDERICK E. LEWIS Resident North Shore Funeral Director Twenty-two years of suc- cessful professional service.' Personally recommended by Chas. A. Stevens of Chicago and a host of others whom we have served on the north shore. : We personally attend all calls, rendering. the most careful, courteous and con- scientious service. Mrs. Lewis attends to all ladies' and children's calls. Private De Luxe Ambulance Service The growing demand for prompt and reasonable ambu- lance service has made it nec- cessary for us to add to our Limousine Equipment, an In- valid Coach which is the last word in Ambulance Service. Located in Wilmette. Our Display Rooms Are Complete Our Motto: "Golden Rule" MRS. F. E. LEWIS FREDERICK 'E. LEWIS Lady Attendant Residence Phone Wilmette 3552 Parlor Phone Wilmette 3552

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