Word: cash
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Dates: during 1940-1949
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...murder of 79-year-old Herman Engelhard, a miserly recluse worth $99,000. The hoodlums who broke into Engelhard's drab South Side apartment in April 1948 were counting on a big haul, but all they got was $12. Just the day before, Engelhard had deposited his cash in a bank. The maddened robbers beat Engelhard over the head with an iron pipe and left...
...plant at Syracuse which Tucker had bought, a handful of lathes in the Government-owned plant at Chicago where he had said he would make cars, and some 25 hand-built Tucker autos, some with motors lifted from the cars of other manufacturers. There was only about $100,000 cash on hand...
...cities and towns, most of them under 10,000 population, the unpretentious façade of J. C. Penney Co. is as familiar as Main Street. The farmer who goes to town usually stops at Penney's, and so do the townsfolk who don't mind cash & carrying from Penney's to save dollars. This habit of year-in & year-out buying at Penney's has built the company, which has stores in every state, into the third biggest U.S. retail chain. Last year, only Sears, Roebuck & Co. and Montgomery Ward & Co., Inc. sold more goods...
Poverty & Progress. All this grew from a single store which 27-year-old James Cash Penney started 47 years ago in the mining town of Kemmerer, Wyo. (pop. 1,000). Young Penney, frail and ailing, had gone West for his health from Hamilton, Mo., where he grew up in poverty on the farm of his father, an unpaid Baptist preacher. From the age of eight, young J.C. had to buy his own clothes; at 19 heard his dying father murmur: "Jim will make it. I like the way he has started...
...tiny Kemmerer, just about everybody bought on credit, hence paid high prices. Jim Penney had a better idea: cash on the barrelhead. More important, at a time when most small-town retailers firmly believed it was good business to make a big profit on small volume, Penney subscribed to a still revolutionary idea; he wanted to make a small profit on each item, thus build big volume and a big profit...