Word: drugman
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...second surprise marriage greater Starlet Jane Bryan, 21, espoused Justin Whitlock Dart, 32, general manager of Walgreen Drug Co., a divorced son-in-law of the late Drugman Charles Rudolph Walgreen. Formally Cinemactress Bryan's husband announced that his wife was through with pictures. Warner Brothers expressed bewilderment, resignation, doubt that movie-struck Jane Bryan would be able to live up to such a marriage vow so soon after her first big part (in We Are Not Alone...
...Chicago's President Robert Maynard Hutchins also announced a notable gift last week. With an anonymous donor promising $275,000 for "research in American institutions" if someone would match it two for one, President Hutchins finally found a man willing to give him $550,000. He was Drugman Charles Rudolph Walgreen, who two years ago was so shocked by his niece Lucille Norton's breakfast-table talk about communism that he not only withdrew her from the University but provoked a sensational legislative investigation (TIME, April 22, 1935). Of the resulting Charles R. Walgreen Foundation for the Study...
...simple principle of Founder-President Charles Rudolph Walgreen that a chain can be as long as it wants provided each link is strong. Each of his corner drugstores in 33 States can stay put so long as it is profitable, no longer. Now 63, bald, humorless, stern-faced Drugman Walgreen started rolling pills in a Dixon, Ill. drugstore in his teens. He left Dixon for Chicago when he was 20, got a drug clerk's job the day he arrived, started studying to be a pharmacist. He bought his first store on Chicago's South Side when...
Following the stockholders' meeting fortnight ago Walgreen directors voted a 50% stock dividend on common-with the current $2 dividend rate to continue. Previous stock dividends: 1921 (100%); 1922 (8%); 1923 (split ten for one); 1923 (16%); 1924 (16%); 1925 (16%); 1927 (split ten for one); 1934 (5%). Drugman Walgreen & family own nearly one-fourth of the common stock. Says Charles Walgreen: "There are no fixed rules for business success. I was not possessed with a vision that permitted me to foresee the developments that followed. It just happened...
Modest though the Walgreen family may be among U. S. business dynasties, it is not unknown out of the drugstore business. In 1935 one family breakfast after another was spoiled for Drugman Walgreen because his niece, Lucille Norton, 18, prattled about what she was studying as a freshman at the University of Chicago (TIME, April 22, 1935). Uncle Charles found out that Niece Lucille's reading list in a social science course included books about Soviet Russia in addition to such standbys as Herbert Hoover's American Individualism and Walter Lippmann's A Preface to Morals. Upshot...