[Congressional Record Volume 151, Number 1 (Tuesday, January 4, 2005)]
[Extensions of Remarks]
[Page E12]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          RECOGNIZING THE 150TH ANNIVERSARY OF HILLIARD LYONS

                                 ______
                                 

                          HON. ANNE M. NORTHUP

                              of kentucky

                    in the house of representatives

                        Tuesday, January 4, 2005

  Mrs. NORTHUP. Mr. Speaker, I rise today to recognize Hilliard Lyons' 
150th anniversary. During 2004 this respected investment firm completed 
its 150th year of doing business in Louisville, Kentucky.
  The Hilliard Lyons story began in 1854 with the creation of the firm 
Quigley and Lyons. The Civil War split the partnership but Henry J. 
Lyons continued the business. The business grew and Lyons bought a seat 
on the New York Stock Exchange in 1878. During the same time period, 
John James Byron Hilliard entered the banking business under the name 
J.J.B. Hilliard & Son.
  As Louisville and Kentucky grew, so did Hilliard Lyons. When Kentucky 
sought to link itself to important markets, Hilliard Lyons helped 
finance the first bridge across the Ohio River at Louisville. 
Furthermore, as technology changed, Hilliard Lyons was on the cutting 
edge of business innovation. Moving from ticker tape to keypunch 
machines in its early days, the firm has been eager to embrace 
technology. In fact, Hilliard Lyons was the first brokerage firm 
outside New York to automate the processing of stock trades.
  In 1972, the firm replaced its partnership business model with a 
corporation. Further changes came in 1998 when PNC Financial Services 
Group purchased Hilliard Lyons.
  Hilliard Lyons is a proud resident of downtown Louisville. The firm's 
headquarters are located in the former Stewart's Dry Goods department 
store on Muhammad Ali Boulevard in downtown Louisville. Hilliard Lyons 
has occupied this location since 1986.
  Today, Hilliard Lyons is a full-service investment operating 80 
branch offices in 13 states. Hilliard Lyons employs 1,300 people who 
serve 250,000 customers.
  Mr. Speaker, I am proud to honor Hilliard Lyons after 150 years of 
service to Kentucky and the Nation. The citizens of Louisville are 
proud of Hilliard Lyons and we congratulate them on this historic 
milestone.

                          ____________________