Los Angeles herald., 1906-09-23

operate an important chain of 5, 10
and 15-cent stores in all the principal
cities and towns on the Pacific coast.
The business is not a new enterprise,
but it is new TO this part of the coul
try. which presents a virgin field in
which success and profit is considered
"A fcregone conclusion.
The originator of the idea was f.
w. Woolworth, who thirty years ago
started the first of these popular stores
in Lancaster, Pa. Initiating the Wool
worth plan other syndicates were
formed with instant financial success,
and the business became of national
importance. People fiocked by thou
sands TO all of the attractive stores
and secured bargains. The Knox, the
Kirby and the Kress corporations eii-
tered the field and coined money. But
the <WoolwOrth syndicate was the
leader, the king of them all, and now
the organizat tion has in operation 154
stores, with capitalization of
$10,0O0,OOO Every store in the chain has
been a success and stockholders have
enjoyed handsome returns.
Men of Experience
In establishing a similar chain of
syndicate stores on the Pacific coast
the management have been careful in
the selection of the best men to take
charge and personally conduct the va
rious departments How and when to
buy stock, points to secure the best
at the lowest prices, care of stock and
the best management are among ttho
points that go to make this great en-
| terprse in the commercial world a sue
cess. All these features have been
carefully covered by the directory of
the company by the selection Of men
who have had years of experience in
| this special field of business.
The eastern buyer for the Pacific
| Syndicate Stores company Is H. b,
| Wood who for fifteen years was iden-
titled prominently With the Woolworth
| company. He is man of marked abil-
| fly as a buyer. He is a brother-in-law
of Mr.. WOODWORK, and is personally
familiar with all the details of the
business. Having personally super
vised the opening of fifty of the chain
stores, he will prove a most valuable
lieutenant in the launching of the sys-
tenn on the coast.
j. *. Prugh, late of Sioux City, Iowa
has been engaged as assistant buyer
for the company He has been en-
gagged i'm the Wholesale crockery bust,
ness, has been eminently successful In
his enterprise and has a personal ac-
quaintance with eastern and European
manufa CT urers He is thoroughly IA
|
| and abroad.
Harry Sigmond, who will have
charge Of the fittings. fixtures and fur
niture in the new chain of stores, was
with the Woolworth company fol
twelve years. u7. F-
Hubert O. Downs. formerly with tins
j. V. Farwell company of Chicago, Il
a son OF a managing director of the
Farwell company. He will assist TIN.
man Reeves, secretary and treasurer
and will have immediate charge of tk(
finances of the company in Los An
geles.
Local Ability Recognized
While the company has been success
full In securing some of the best bust
ness men of the eastern states to be-
come identified with this great com.
mercial enterprise, they have also H.
terested quite number of business
men of California-men Of known bust
ness integrity, whose connection Will
the Pacific Syndicate Stores company
is a guarantee of good management
and profitable returns. Included in The
list are: Robert E. Fleming Of Red
lands, a graduate of Harvard and {
} prominent citizen. He assumes thi
/ position of managing contractor, hay