Florence Morning News Newspaper Archives Oct 18 1970, Page 6

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Florence Morning News (Newspaper) - October 18, 1970, Florence, South CarolinaSunday of Tom 18, to Fiat Antt Aat int Jutt. C. Penney started it All in Little Wyoming store editor s note Hal started in that Little store in Kemmerer Wye. Now the Penney stores number More than and . Penney Al 95, still is the acknowledged merchant Prince of America. By Kay Bartlett a new features writer new York a his wife Calls him a few close friends Call him Jim. Occasion ally "." is heard in the Halls of the skyscraper named after him. But it s or. Penney that fits the Man the James Cash Penney who Rose from boyhood poverty on a Missouri farm to found the massive . Penney co., a Man whose lifespan has embraced ouster s last stand and Man s first Steps on the Moon. He is 95 now Silver haired a Little slow of step failing in Eye sight and hearing. But from his 45th-floor office he keeps five secretaries Busy. In the sum mers he comes in Only two or three times a week in the win ters he is there at Sharp every morning. It is not age alone that makes or. Penney fit. It is the Man Ner of the Man a simple Man with firm beliefs from which he has never swayed. He will not sit Down at the luncheon table until Al the women have been seated. He will not get into an elevator until All the women have boarded. He insists on answering letters personally. His Many honors Are Hung upon Cap to the Trees As he walked Down the Road. That she told him it will be easy to remember to tip your Cap when you meet a Penney dresses conservative the office Wall but the Center is i by in dark suits and always saved for the motto upon which he built his Fortune do unto others As you would have them do unto . Penney Dean of Mer chant princes of America surely believes it. The counter upon which he first sold goods in Kemmerer wyo., the Mother store of a pen Chain that now numbers Over in All 50 states is on display in the Midtown manhat Tan building. There Are no initials carved on it. That is the kind of Man he says an associate. Nobody would do that to or. Penney Iven until recently Penney would wait on customers when he in bred one of his stores. Someone once called Penney s summer lome in Connecticut to ask if Penney s sold paint. I la said . Penney and did. His 19th Century Cour Liness was Learned As a Little boy. His Mother would make him tip his wears a Bow tie. And it s All from he says pull ing Back his suit coat to show the Label. His Silver hair is receding on his freckled dome. His face is Ruddy jowly and marked with a Silver Mustache. In the Summers he spends his time at a Beautiful Home on Long Island sound. It is filled with Antiques he and mrs. Pen have gathered from around the world. Their nine grandchildren also spend Summers there and Penney loves to sit in his chair and hold the children never tire of the says mrs. Penney. They want to hear them Over and Over he is not a Man of hobbies Al though his wife has educated him to the opera. She was studying voice in Paris when he met her. Some 30 or 35 years ago he bought her a Box at the metropolitan opera As a gift. At first it was torture for the poor she recalls. I d Lave to kick him to keep him five years ago she made this proposal to him All i be Ever wanted in life were two seats at the metropolitan opera. Let s give up the Box this year and just get two seats and then you can go if you want or i can get a Friend to accompany said Penney. After All these years now that i be finally gotten used to it we will keep the the present mrs. Penney is his third wife. The first two died at Early Ages presenting him with three sons two of whom survive. He was 50 years old when he married his present wife. They had two daughters. In the Winters they live in a Midtown Manhattan apartment. Penney a millionaire who is fond of saying he would rather be known As a Christian than a millionaire says he does t know How much he is Worth. His Penney Stock alone totals about million. Those who surround him like to Tell anecdotes of his frugality. He does t deny it. He asks. Well i m glad you did t say stingy. But if that s what they say i guess it s for Penney it s a variation of waste not want lesson his Early poverty will never Al Low him to forget. He and his wife have had some discussions about the subject. If i want to talk to someone in the Middle of the afternoon i la pick up the Telephone and make the Long distance Call. Or. Penney has suggested i wait until after the cheaper rates come in during the evening says his wife. The first time a close associate met him was in a hotel in Richmond a. No Bellhop for Penney the millionaire. He carted his own bags across the lobby floor. When his daughters were Young and he was living on his 60-acre White Plains n.y., estate he would frequently take the girls out to gather apples. They were taught also to pick up the ones with Small spots. For applesauce. Too they were taught to take Good care of their clothes. You want them to be in Good condition when you give them he would Tell them. Stories of Penney turning off lights Are legend. There was a Stock boy who left a Light Burn ing in 1929. A Quarter Century later the Stock boy had risen to management and was visiting Penney s new York office. As he followed Penney out the door he neglected to turn out the Light. You re still doing said Penney turning Back to turn it off. I Penney it is said never for gets a face or a name. Friends say he can recite the original inventory of the first Penney store. He is fond of crediting his Suc Cess to his parents. When he was 8 years old his father took him aside and told him he was old enough to begin buying his own clothes. But he protested my shoes have holes both of pm. Could you get me one More new pair then let me Start his father a Farmer six Days a week and a Baptist preacher on the seventh was firm. Pen began running errands and soon had one Dollar enough to buy a pair of shoes he thought ugly. But it was All he could afford. From that Day on he paid for his clothes. He saved up bought a pig and fattened it on garbage he collected from neighbors. He sold her at a Large enough profit to allow him to buy a dozen shoats. He needed More Bage and soon the neighbors complained of the smell. Sell them ordered his father. Penney protested. He see merchant Page 8-a Piatt Tutt Horning Jar a business notes. Dixie bearing opens Branch Dixie bearings inc. Has opened a new sales and service Branch at 505 w. Palmetto St., Florence according to. L. Lammas jr., vice president and general manager. Manager of the new Branch is John f. Maritz who formerly served this area As a Salesman working out of the Branch in Columbia. This new Branch will enable us to better serve the Industrial Community in the Florence area especially the steel paper and textile Maritz said. Maritz a native of san Diego cal., was graduated from John Marshall High school in Cleveland Ohio and attended Jacksonville University in Florida. He joined Dixie bearings in 1961 and worked at Jacksonville Asheville and Hickory , before moving to Columbia. He is a graduate of technical training seminars offered by the manufacturers of Fafnir Bear Ings and mores Power transmission products. 120. Index numbers Jewell promoted Lawrence e. Jewell has been promoted to sales manager of the . Plywood sales and distribution Branch in Columbia. Jewell an army Veteran and a graduate of the University of South Carolina joined the company in 1958 As a sales trainee in Columbia. He has been an inside Salesman and a warehouse supervisor in Savannah ga., and Tallahassee Fla. Since 1966 he has been a sales representative in Columbia. He and his wife Patricia live in Florence with their two daughters Patterson named r. Weston Patterson partner in Cromell Street Patterson Florence insurance firm has been appointed to serve on the newly created producer company Council of Crum forester insurance companies. He is one of nine in dependent insurance agents and brokers selected to participate in the initial Virginia Carolinas department panel which will meet on oct. 27-28 at the velvet Coak motor inn Durham. Sterchi sales Sterchi Bros. Stores inc s net sales of far september were or 5.85 per cent below sales of for the same month last year according to w. E. Haase president. Sales of for the first seven months of the fiscal year ended sept. 30, were or 8.58 per cent under last year s sales of Sterchi a a retail furniture Chain with stores located in seven Southeastern states opened its 57th store on oct. 1 in Sanford Fla. The Florence store is located at 142 Dargan St. Truck ton Afik intercity truck tonnage in the week ended oct. 3 was 12.3 per cent below the volume in the corresponding week of 1969, the american trucking associations announced. Truck tonnage was 2.0 per cent above that of the previous week of this year. The weekly Index of truck tonnage for the week ended was 120 As compared with 137 for the corresponding week in 1969. The Index for the was Index numbers arc computed from year to year findings of percentage change and All data arc seasonally unadjusted. The weekly level of tonnage hauled during tile period 1957-59 is taken As 100. These findings Are based on a Survey of 34 metropolitan areas conducted by the Ata department of research and transport economics. T c report reflects tonnage hauled at some 400 truck terminals of class i and ii motor common carriers of general freight throughout the country. Stores opened Leon lev inc president of the Charlotte based family Dollar stores has announced openings of three new stores located in Jonesville ., Abbeville and Galax va., during the first month of family Dollar stores new fiscal year starting september 1st. Family Dollar stores now operates 72 stores in five states including one i n Florence. Building permits Only three City building permits were issued during the week ended Friday. Records in the City of Florence s building department show that two permits were issued for the construction of new residences one for a n estimated and another for an estimated the other permit was issued to add a Carport on a Home at a Cost of about Horne gets award Florence Ford dealer John m. Paxton right owner of Home Ford co. Florence accepts the distinguished achievement award from Harold Edwards District sales manager for Ford motor co. The award is presented to Ford dealerships selected As outstanding in progressive management modern sales and service facilities sound merchandising practices High Quality standards and continuing interest in rendering Superior service to Ford Home Ford is located at 600 n. Irby St., Florence. Week in business critics fear foreign Trade Bill May trigger Trade War James Cash Penney merchant Prince the manner of the Man keep him fit 3 Democrat o Brien continued from Pago 3-a pacing the lobby waiting for his 4 in California we have a an Nour s fight to san splendid Opportunity id gain the Francisco another briefing i m extremely con another press conference rident of Victory in the Senate q Wal and to vice rare. The governo a race has comments tightened into a horse race. On he Scranton unrest report later in private. O Brien is a. The vice president s heavy asked what tightening into a handed rhetoric extends to horse race Means. He Stirns to everyone and everything in this a los Angeles Democrat Industrial leaders urge wage curbs hot Springs a. A Industrial leaders warned government economic officials sat urday that inflation will persist and balance of payments prob lems will Worsen unless Steep wage increases Are discouraged especially in the construe-1 asks Tess Unnis s changes q d a h of in Iii i Linen p m t Tion and service industries. This 16 Mem Bers of the business Council will present personally to president Nixon at a White House meeting aired at tre coun cil s fall meeting of about 100 to prank corporation executives. Aside from the inflation Prospect both government and Industry spokesmen radiated Good cheer in spite of disappointingly slow gains in National output against Republican gov. Ronald receptive Allience none m says the a Uve Democrat. O Brien grimaces vote m terms l 3oubt n it. Was one in 10 a few weeks when he is is the Man says soothingly., Aaroin Amow ,.j he .5 coming closer. That s what tightening into a says o Brien. He is driven to the Century Plaza hotel where his dislike him or feel that an american Don t i mean gibe s noise says ,.jn fast think that he must in the confines r1" Home at kind of chuckle a liitle Tab nicked up about to h handed California democrats is Nacius o. Is relatively new to the and spreading layoffs caused by by the time in new the month old general sir next morning Only two Are left. The Council received a report i o Brien and John v. T Ney. From its advisory panel of 20 in senat., to Dusty economist that Ness slowdown has passed its Low Point and the Outlook is for v main speakers that night at is 25 Ohte f i Iri continued improvement through dinner. O Bren. In s by Unda Rubey a business writer new York a the possibility of a rectal Story Trade War and an Economy that refuses to take off loomed Large on the american business scene this week. The Senate finance commit tee approved foreign Trade legislation establishing import quo tas for textiles footwear and potentially a wide Range of other products. It attached what was essentially the House version of he Trade Bill to the pending so Cial Security measure which observers said is virtually cer sales of hundreds of american i billion increase outstripped firms and to the jobs of nun the june Quarter s Advance of dress of thousands of american other reports were hardly less encouraging. The economic results for september Are pretty one administration analyst said. Looking at i the Economy now it s pretty easy to see Why most republicans Are dwelling on crime and Law and order in the Cam another one added. One big Jolt to the Economy was a Steep plunge in Industrial output for september reported by the Federal Reserve Board. Billion. The closely watched gain in real or physical volume of tie Gross National product grew 1.4 per cent at an annual rate from the .6 per cent growth at an an Nual rate the Quarter before. While this was the strongest showing of the year it ranked far below the 4 per cent rate termed Normal observers said. This also Dampens the Hope for any economic turnaround officials added. Once an upturn does occur Fol lowing a slump there s a Sharp Rise in Gnu and that just in t the consensus of the professional economists was that in employment would i but 5 per cent during 1971. Compared with the pre ent rat 5.5 per cent. Real National output will increase within of 2. To per cent. Thanel suggested. The increase n the third Quarter of this Vea

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