Word: penneyer
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Dates: during 1940-1949
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...your story on the founder of the J.C. Penney chain [TiME, June...
...this same Drygoodsman James Cash Penney the slumber-loving millionaire
...Penney who, having his sleep disturbed on his palatial Florida estate by a well-liquored cacophony from across the lagoon, had the notorious Al Capone tossed in the clink for disorderly conduct, which, in its legalistic twists & turns led ultimately to the conviction of Capone on a federal tax charge...
...Reader Trommer's is one version of an apocryphal story. According to another version, Capone's highjinks disturbed the sleep of J. C. Penney's house guest Herbert Hoover who, in turn, put Capone in jail. The solid facts are: 1) Penney's estate was on an island nearly a mile across the lagoon from Capone's; 2) Hoover was a house guest at the Penney estate in January 1929; 3) Miami police arrested Capone at least three times in April and May 1930 on charges of "being a public nuisance and source of annoyance...
...Penney chose his partners carefully, paying as much attention to the wife as to the man ("a good woman's power to encourage is well nigh unlimited"). Once he found the right partner, he gave him a share of any profits and trusted him completely. By 1924 he was calling himself "the man with a thousand partners." Penney's 50,000 "associates" (employees) still share in the profits after a year's service...