The times., 1898-08-14

change IN the Washington business
world that will he interesting TO every
body was made public last night Mr.
Emmons S. Smith. proprietor of the Bos-
ton Variety Store, has sold to Messrs
Saks & Co. the outftters. his stock
and fixtures and given them a lease of
his building for a term of years. The
amount involved could not be definitely
learned, but it is said to reach hundreds
of thousands of dollars.
Mr.. salSs interviewed.
A Times reporter found Mr. Isadore
Saks OF the firm of Saks & Co., at
his home at Chevy Chase last night, and
when asked if the report of the purchase
by his firm was true. said: Yes it's true.
We closed negotiations today through Mr..
Samuel Bieber. the real estate broker.
We have purchased the stock and fix
tures. taken a lease of the building for
a term of years, and just as soon as Mr..
Smith completes the inventory of his
stock which he viii begin to make Mon
day morning, we win be given possession
and Immediately annex his building TO
ours making one store of both. I would
prefer at this time not TO go into any
minute details Of our plans for the future.
in fact we really haven't had time as yet
10 look around; nor will We know what
we shall do definitely until Mr.. Smith
furns the store and stock over to US.
OF course We have a general policy out
lined, and you can assure the public that
IL is our intention TO make our new es-
tablishment the Wanamaker's Of Wash
ington. That We shall have the support
of the people, We are confident. They
have manifested on every occasion their
entire approval of our enterprise, and
they win appreciate this last move, we
feel certain"
WashfngtOn's Trade Palace.
Everybody knows the big Saks building.
on the corner of Pennsylvania Avenue
and Seventh Street, and know it as one
Of the largest and best business edifices
in the city. The Smith building is the
newer, and was erected by Mr.. Smith last
year. Both stores were erected for the
purposes for which they are used, and
are In every way modern. and when they
are thrown together Saks & Co will have
not only the largest retail store in the
city. but one of the most complete in the
country. Very few changes will be nee
essary 10 connect the two buildings. and
Saks & Co. may be relied upon to consult
the comfort and convenience of the shop
ping public in linking the two establish
ments.
The Smith store closed with the end OF
business last night On Monday morning
the force of clerks will begin at once upon
the inventory which will be made up as
rapidly as possible. All the preliminaries
are completed, only this remaining TO be
done and their ownership Will pass to
Saks & Co.
Sterling Business Enterprise
1t is a big stroke of enterprise on the
part of this firm. which, however, the
abundance of their past success fully jus
titles. Certainly no business house in this
community enjoys public confidence to a
greater degree nor merits it more hon
estly. It is Washington store, and The
Times joins with their legion of friends
in wishing Saks & Co unlimited success.
Mr.. Smith retires to take the rest that
twenty-eight eminently successful years
Of business activity entitle him, with the
esteem of the community in which the
greater part of his business career has
been spent. With the new departure
the great department stores of New York
and Philadelphia may well begin TO look
TO their laureis.