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%Umm4*7. F#Wu*ry 5, 1919HISTORY OF BOSINESSRELATED BY KREMBSBusiness Man Telia Itotarianii of Development of the Krembe Hardware CompanyA brief history of the KrembsHardware Co., one of Stevens Point's eldest and largest merchandising concerns, was given by F. A. Krembs at the bi-weekly meeting of the Rotary chib Monday noon. Nearly every member of the club wae present and Mr. Krembs' short talk was listened to with a great deal of interest.It was in 1861, Mr. Krembs related, when his unde, Charles Krembs, took employment ‘in a tinshop owned by a man named Foote. His employment in the ehop was not steady, and as a result he spent part of his time working along the river between Stevens Point and Mosinee. Finally the shop burned, and Mr. Krembs.was thrown out of employment. With the assistance of a few friends he proceeded to open a shop of his own and the business was a success from the first. Later Alexander Krembs, brother of Charles and father of F. A. Krembs, came here from Wausau, where he was in the employ of the federal land department, and entered the business, I lt;which was established as C. Krembs I jBrother in 1863.On December 27, 1863. the store, which was then located in a three story building on the site of what is now the Charles A. Hamacker grocery store on Main street, wps destroyed by fire, including a stock of about $2,000 worth of new goods just received. Everything was lost by the brothers, who, however, were not discouraged. They had established their credit and in a short time were again in business, this time where the present store of the Krembs Hardware Co. is situated. Charles Krembs died 'in 1876, but Alexander Krembs continued actively in the business almost up to the time of his death on January 25, 1911. The company was incorporated in 1912 under its present name.In discussing the early history of the company Mr. Krembs said’ thatbefore the railroad was built to thisc*iIfl*nt:*ccv,EalibVEITHEeicity everything was brought overland f, from Gill’s Landing and Berlin. At , that time the Krembs store was the .only one of its kind within a radius of many miles. “The hardware business today is a strenuous one, said Mr. Krembs. “It requires cd^sful study of the markets and of the needs of the public. The complete hardware line now contains about 125,000 different items.” In concluding he said his company feels it has as large an assortment of hardware as any store in the state outside of Milwaukee and paid tribute to the Wisconsin Retail Hardware Association, through which hardware dealers have been broughtsitiwHerthfchClsevvKrz
Newspaper Details
Stevens Point Gazette
Stevens Point, Wisconsin, US
Wed, Feb 05, 1919
Page 4
Full Page
Clipped by
Dianne P.
WI, USA 15 Jul 2016
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