Show Oldest Investment House On Wall Watt St. St to Reorganize NEW YORK Dec Dee 30 In In accordance with the banking act of 1933 1933 the firm of Roosevelt Sc Son will no longer engage in the business busi ness of dealing in securities after the close of business tomorrow it was officially announced by the firm today to to- day The old partnership accordingly according according- ly has been dissolved Roosevelt Son was established by Jacobus L I. Roosevelt in 1787 and andis is credited with being the oldest investment house in Wall Street at least in doing business under one name Its investment business originated originated from rom the need of ot financing the hardware trade A partnership of Roosevelt Son has been to perpetuate the name and will continue the business of managing investments and other property including the collection of Income and the reinvestment of principal principal prin prine cipal and of acting as 35 custodians o ot of securities which has been carrIed on by predecessor firms The new partnership will wiIl cons consist Is of George E. E Roosevelt Philip Phllip J J. J Roosevelt and Ermand J J. J the latter becoming a partner after alter having been associated with predecessor sor firms since ince 1888 Thus the Roosevelt constitute the fifth In m line of father a. a andson uc since the business business' was first organized |