Word: woolworth
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...great "temple of art," having been sold to a cigar store corporation, will eventually be turned into a five-and-ten-cent store. Aeolian Hall, Manhattan, bought two weeks ago by the Schulte Cigar Stores for $6,000,000 (TIME, Aug. 11), has been leased to the Woolworth Co. for a term of 63 years. Says the official announcement...
...ground floor (the present concert hall), which will be occupied by the Woolworth Co., will probably represent the most important store in their large chain of approximately 1,350 five-and-ten-cent stores, including stores in England and Canada. The deal emphasizes the tremendous growth of this company, which started about 40 years ago with one small store at Lancaster...
...Woolworth will pay a rental of $400,000 a year for the first 21 years. A graduated rental scale has been arranged for the second and last periods. These three periods have doubtless been fixed to correspond to Beethoven's famous "three periods," out of respect for the composer's shade, which undoubtedly haunts the hall. The rent for the entire 63 years will amount to the neat little sum of $27,500,000. In addition, the tenant has agreed to pay taxes, insurance and running expenses...
...Mauretania (Cunard)?Dr. Emanuel Lasker, German chess champion; Mr. and Mrs. Richard Woolworth (son of the Ten Cent Store President...
Died, Mrs. Jennie Creighton Woolworth, 71, widow of Frank W. Woolworth (five-and-ten-cent stores); at Glen Cove, L. I. Her estate approximated...