Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1898-08-19
A Great Commercial Deal.
" ashington Times OF Sunday.

Washington Times OF Sunday.
A change in the Washington business
world that will be interesting to everybody
was made public last night. Mr.. Emmons
S. Smith, proprietor of the Boston Variety
Store, has sold to Messrs. Saks & Co., the
outfltters, his stock and fixtures and given
them a lease of his building for term of
years. The amount involved could not oe
definitely learned, but it is said to reach
hundreds of thousands of dollars
A Times reporter found Mr.. lsadore 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 ayes, it is true. We closed ne
gotiatIons to day through Mr.. Samuel Bic
Der, the real estate broker. We have pur-
chased the stock and fixtures, taken lease
of the building for a term of years, and just
as soon as Mr., Smith completes the inven-
tory of his stock, which he will begin to
make Monday morning, we will be given
possession and Immediately annex his build
ing to ours, making one store OF both. l
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 to
look around, nor will we know what we
shall do definitely until Mr.. Smith turns the
store and stock over to us. or course we
have general policy outlined, and you can
assure the public that it is our intention To
make our new establishment the Wanna
makers of Washington 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 will appreciate this last move, we feel
certain"
Everybody knows the big Saks building,
on the corner of Pennsylvania Avenue and
Seventh street, and know II as one of the
largest aud best business editlces in the city.
The Smith building Is the newer, and was
erected by Mr. Smith last year. Both stores
were erected Tor the purposes for which they
are used, and are in every way modern, and
when they are thrown together Saks X 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 ne
cessary to 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 preIiminaries
are completed, only this remaining to be
done and their ownership will pass to Saks
& Co.
1t is a big stroke Of enterprise on the part
Of this firm, which, however, the abund'
ance Of their past success fully justifies.-
Certainly no business house in this com
munity enjoys public confidence TO a great
or degree nor merits IL more honestly. 1t is
a Washington store, and The Times joins
with their legion Of friends in wishing Saks
u 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 laurels.