The herald and news. [volume] (Newberry S.C.) 1903-1937, 1906-10-30
Retiring from the
Retail Business.

when / came nome laSt year II WAS
my purpose to sell ''The metts plnce'
then and still occupied by Post
master Chas. J. Purcell, and "The
Brown place" then occupied by
Messrs. M. L. Spearman and
Frank r. Hunter and now by
Senator Cole l.. Bleasc and Mr.. L.
Griff Williams and put the net
amount III my business ut the store
and increase my stock accordingly.
The first difficulty met, with
in disposing Of the property was
could not give possession, the leases
not expiring until the summer and
fall Of this year. About the time tho
leases were to expire I notified the
parties living in them that I wanted
possession Of them at the expiration
Of their leases, as they were now for
sale and not for lease. l had several
offers to buy which l accepted, but
those who made the offers failed to
get the money to comply with the
terms of the sale. | indulged some
of them until October 1st and
others until October 18th and
then rather than sell them for from
five to seven hundred and fifty dol
lars less than they cost and fifteen
hundred dollars less than they are
worth, withdrew them from sale,
and have leased them for something
like the rental. The cost of them would
justify me in leasing for and holding
and instead of selling this real estate
and cnlarging my business here [ have
decided to go out of the buiness, pay
up my obligations and then do some
thing that | have reason to believe
will pay me better without dollar
Of capital invested than I can make
with several thousand dollars invested
in the store here. prefer to give my
customers who are the best friends
have in Newberry county the benefit
Of my stock at manufacturers cost
with only the expense of selling added
and I will until further notice offer
my entire stock of at least fifteen
thousand dollars ($15,000) as follows:
All summer clothing and two piece
suits and pants and all summer un-
derwear and low cut shoes at manu-
facturers' cost, l losing the freight
and expense Of selling. All mems,
boys and children's clothing, pants
and overcoats, mems, women's and
childrens shoes, hats, mems, boys and
childrcns' fall underwear, men s fur
nishing goods, shirts, collars and
cuffs, umbrellas, suit cases, in
fact everything else in the store at
manufacturers cost to me, with ten
per cent added to pay the freight and
expense of selling them to you. am
open for an offer to purchase the en-
tire stock and to lease the store sub
ject to the approval Of my landlord
to the expiration of my lease, August
31st, 1908, and it is the best opening
in the city Of Newberry for an exclu-
sive line Of men s clothing, shoes, hats
and furnishing goods, and my retir-
ing from business is no indication that
I do not believe that the business
could not be made to pay reasonably
we'll, but when man has been making
for number of years more than
thirty-five hundred dollars year net
without any investment, it is, diff
cult to satisfy him with much less
with several thousand dollars in his
business, especially when he has rca-
son to believe that he can do so again.
My stock is the best of the kind in
Newberry and includes many new fall
goods in the store and others to ar
rive, for which 7 have invoices. As |
did not decide to consider the matter
Of retiring from business until [ had
withdrawn. my real estate from sale
and released it, after it had
been withdrawn and while T was in
New York last week 7 was wired an
offer for the Purcell place, approving
the lease and naming the amount it
could have Lecn bough! for Up 10 the
time it was withdrawn which
offer l declined. The sale
will begin tomorrow, Octob-
er 30th, and continue until the stock
is sold at retail or in bulk to some one
who would like to purchase and con-
tinue the business. have indulged
few of my friends during the sum-
mer and I would now appreciate hay
ing them close t1p their accounts no