[Congressional Record Volume 153, Number 156 (Tuesday, October 16, 2007)]
[Extensions of Remarks]
[Page E2155]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


    A TRIBUTE TO CROWELL, WEEDON & CO. ON THE OCCASION OF ITS 75TH 
                              ANNIVERSARY

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                       HON. LUCILLE ROYBAL-ALLARD

                             of california

                    in the house of representatives

                       Tuesday, October 16, 2007

  Ms. ROYBAL-ALLARD. Madam Speaker, I rise today to commemorate the 
75th anniversary of a very prominent business located in my 34th 
Congressional District, Crowell, Weedon & Co., the largest independent 
investment firm in the western United States.
  In 1932, during the depths of the Great Depression, Warren Crowell 
and George Weedon had the vision, courage and conviction to open the 
doors of a stock and bond brokerage firm on Spring Street in Downtown, 
Los Angeles. The venture posed a significant risk at the time 
considering the nation was still grappling with the fallout from the 
1929 stock market crash and the nation's financial center, New York 
City, was considered the likely home for such ventures. Nevertheless, 
Mr. Crowell and Mr. Weedon were determined to help individuals and 
small business owners re-enter the stock market. They felt very 
strongly that families and businesses should establish savings and 
investment plans with the long-term goal of achieving financial 
independence.
  Three generations and 75 years later, Crowell, Weedon & Co. continues 
to be guided by the same core principles upon which it was founded: 
confidence in the vitality of the American free enterprise system; 
reliance in long-term investing, rather than short-term speculation; a 
conservative philosophy of investing in select enterprises; and an 
enduring commitment to serving clients by making their individual 
investment needs a priority.
  Crowell, Weedon & Co.'s approach to working with their clients is 
reminiscent of a time when investing was less complicated and more 
personal. As its motto ``Built on Integrity. . . Grown on Trust'' 
reflects, the firm places a strong emphasis on developing strong and 
enduring firm-client relationships. Crowell, Weedon & Co.'s business 
approach has produced an insightful investment philosophy, which has 
strengthened the company and enabled it to withstand numerous market 
fluctuations. Crowell, Weedon & Co. today boasts of a partnership with 
more than 70 owners and 75 years of consistent profitability since its 
first day of operation.
  The company's proud legacy is reflected in the firm's leadership. 
Donald Crowell, the founder's son, served as Managing Partner for over 
forty years. Today, Donald's sons, Andrew and Don, Jr. serve as two of 
the firm's 70 partners. Together, they carry on the proud Crowell 
family tradition.
  Madam Speaker, on October 19, 2007, more than 500 employees and 
guests will gather at the Los Angeles Westin Bonaventure to celebrate 
the company's 75th year. I congratulate Crowell, Weedon & Co. on this 
landmark achievement and ask my colleagues to join me in extending to 
the firm's management and employees best wishes for many more years of 
continued success.

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