Berwyn Heights Company Specimen Stock Certificate

The remnants of the old central files of the Town of Berwyn Heights contain a document dated 1928 and entitled “Lots and Owners in the Town of Berwyn Heights, Prince George’s County, MD.” It is a list of property owners, arranged by block and lot, assembled for the purpose of assessment and taxation. Interesting in many respects, it is noteworthy for showing a very large number of lots belonging to the Berwyn Heights Company. How did this come about?

The Berwyn Heights Company was incorporated in November 1919 to buy, sell and improve real estate in Berwyn Heights. Fred Benson was President, Elwood Taylor, Vice President, William Willard, Secretary and John McNitt Treasurer. John Gardiner acted as General Counsel. Major Clarence Benson, son of Fred and Margeret Benson, also served on the board and would later become President.¹ All these men were also key members of the Berwyn Heights (Citizens) Association, which they helped establish in 1915.

Most of the land the Berwyn Heights Company came to own previously belonged to the United Realty Company of Washington, D.C. and was purchased for $11,700 from John Seymore T. Waters, Trustee, at public auction in October 1919. (The land was placed in trust with Waters in 1913 by United Realty managers to secure a debt.) The transaction included 509 mostly unimproved lots comprising 125 acres, or nearly a third of the land making up the subdivision.² At the same time, Berwyn Heights Company Treasurer John McNitt bought the Sportland subidivision with 135 lots and comprising some 15 acres from August J. Wiegman, who had subdivided it after purchasing it from Campbell Carrington in 1903.³

In the months following incorporation, the Company continued to acquire smaller sets of lots, some from its board members, and some from tax sales. Another substantial acquisition came by assignment from Clayton E. Emig for all or most lots in blocks 1, 2, 12 and 34. Emig had been granted an equal share in these properties by Berwyn Heights developer and former Congressman Samuel S. Yoder in 1907 to promote the establishment of a brick making factory.⁴

It was not an accident that the Berwyn Heights Company ended up with United Realty Company assets. Fred Benson, who presided over both the Berwyn Heights Association and the Berwyn Heights Company, had served on the board of directors of United Realty when Congressman Yoder and associates launched the Berwyn Heights venture in 1906.⁵ He was certainly familiar with the plans to make Berwyn Heights a suburban destination, as well as an early investor. He purchased the property (lots 22, 23, 26, 27, block 14) where he would move his family from William W. Poultney in July 1907.⁶

Poultny was a core member of the United Realty management team, and served variously as President, Vice President and Secretary. His name appears on many deeds of the properties United Realty purchased from the Tome Institute starting in 1906. Benson had worked with Poultney in the Office of the Secretary of the Treasury Department,⁷ and after earning his law degree from Columbian University (George Washington University) in 1905, became a partner in a D.C. law firm with Richard P. Evans and William W. Poultney.⁸ In October 1909, Benson and Poultney incorporated the Berwyn Heights Building & Improvement Company with Robert Armour, Charles Eldridge and William Smyser, who also served on the board of United Realty.⁹ In short, Fred Benson had a close and long-standing connection with the group of investors that sought to restart the development of Berwyn Heights. So, when a big chunk of United Realty properties were sold at auction, the Berwyn Heights Company was ready to buy them.

Sources
1 Minutes of the First Meeting of the Board of Directors, Berwyn Heights Company (BH Co.) Minute Book, 20 November 1919.

Author
Kerstin Harper