Mortgage and Realty Company, Inc.
insides were hardly more appealing:
The liner pictured on the travel agency card was probably the Cunard Liner "Berengeria", formerly the German "Imperator" and given to the line as reparation for the loss of their "Lusitania" to a German U-boat.
In early 1933 the business reorganized itself as the "Wrenne Mortgage
and Realty Company, Inc." My Mother and the seated lady
previously pictured were two of the three ladies they called back
to work. For
a time business prospered, and the Company moved to new offices at
207 Union Street.
However, larger firms bought the stock of the company, weaned away its business and by the 1970's it seemed to exist only as shell corporation whose officers could execute full releases for paid mortgage notes which had been secured by Deeds of Trust citing Wrenne as lienholder. But after the Glick scandal involving a Nashville Bank's speculative investments in Las Vegas real estate the Federal Reserve forced a great simplification of the Nashville lending structure. By this time the Wrenne corporation had lost its utility and as name diversity was no longer desirable the owners ceased to file its State tax reports and Wrenne's corporate charter was revoked by the State Department of Revenue in 1978.
Images & text courtesy William Weems
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