Word: hearn
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Last week with Hearn's once more thronged with customers, Messrs. Levin and Kaplan began their third year in control by announcing a unique merchandising policy. Starting about Sept. 1 Hearn's will operate for one year without profit. Owner-Manager Levin, who holds all the stock, will take no salary, no dividends. Net income, if any, will be turned back into lower prices. "We are able to do this," said Mr. Levin, "because, fortunately, we have no stockholders, bondholders or bankers in this business. . . . There isn't a soul to drain off dividends. . . . We believe our plan will help...
Oldest department store in New York is Hearn's, founded in 1827 by an immigrant descendant of an English divine. In the 1870's many a rich old lady in coach and four clattered over the cobblestones of 14th Street to alight at Hearn's for a camel's hair shawl at $10,000 or laces at $1,000 a yd. For 105 years the store was managed by the Hearn family whose youngest executive, Donald Hearn Cowl, kept a yacht as late as 1931 and raced every Saturday with Junius Morgan. But in 1932 Hearn's, crippled by Depression...
...There now being practically no demand for German merchandise Gimbel Brothers, Inc. have discontinued buying German goods." Other big Manhattan department stores which have closed their Berlin offices or otherwise stopped buying German goods include Lord & Taylor, which led off the boycott last autumn, Bloomingdale Brothers, Best & Co. and Hearn...
...Greek-Irish-American Lafcadio Hearn went to Japan to promote trans-Pacific travel for the Canadian Pacific Railroad. He was fascinated by the country and the life, took a Japanese wife, Setsuko Koizumi, daughter of a Samurai. So that he could more easily become a Japanese citizen, he was adopted by Setsuko's family, changed his name to Yakumo (Eight Clouds) Koizumi and later turned Buddhist. He got a job as Professor of English Literature in Tokyo's Imperial University. At that time Western popular knowledge of Japan was still very Gilbert & Sullivan. Lafcadio Hearn took the real...
...children, three of whom still live in his house. An invalid for several years before his death, he had been blind in one eye since he was 16, was painfully nearsighted in the other. As his sight failed he developed a hyper-acute sense of smell. It was Lafcadio Hearn's boast that he could smell the difference between a brunette and a blonde...