Los Angeles herald., 1907-02-24
WORKERS TO Be
STOCKHOLDERS
NEW COMPANY WILL BE CO.
OPERATIVE
Building Is Completed and Stock and
Fixtures Are Almost Ready
to BE Put In
Place

The new building at 430-32-34 South
Broadway to be occupied by the LIE
Sage Brothers department store, the
bon Marche" Is nearing completion,
and II is expected that the opening
will be about March 10.
The store Is a novel one in many
particulars. The company was formed
on cooperative basis and all the
employees are stockholders. as are also
about 400 citizens of various occupa-
tions. The stock was oversubscrbed
and the officers of the company claim
that on such footing failure would
be impossible.
A large corps of buyers spent six
weeks in the east choosing a complete
line of stock and this Is now being
marked ready to be put in place, as
soon as the fixtures have been installed
in the new building.
Is an Established Firm
LIE Sage Brothers have been in the
shoe business in Los Angeles for the
last six years and their business will
be absorbed in this new department
store. Louis G.. LIE Sage is president
of the company, Robert A. Read vice
president and J. Henry LIE Sage secre-
tary and treasurer.
The plans for the store were first
worked out about q year and half
ago by lie Sage Brothers. A fifteen
year lease on the Bumiller property
was secured at a figure considerably
lower than it would bring at the pres
ent date. The store is to be dry
goods department store of the better
class. according to Vice President
Read.
1--WE will have three floors and a
basement of actual selling space, and
in this we propose to show goods of
a high order, and from medium price
grade to the highest grade" said Mr..
Read "It is not to be, strictly speak
ing, bargain store. l do not mean
that there will not be bargains there,
for there certainly will be, but l mean
that we will not aim to have a lot of
bargain sales of cheap goods. Such
goods seldom are cheap in the long run.
Plan Large Floor Space
1--WE will have a floor space on each
floor about 63x155 feet, giving us ap-
proximately on all floors $4,000 square
feet. In the basement will be the
house furnishing goods, including
hardware, glassware, crockery and
everything else of that order. On the
first floor dress goods, silks, laces,
fancy goods, ribbons, hosiery and
gloves will be displayed and there will
also be on this floor a soda fountain
and candy department. The shoe de-
partment will occupy a prominent
place.
ION the second floor will be the
millinery and suit departments with
complete department for children's out
fitting. There will be on this floor
a Partisan suit and hat room which
we think will be an attractive feature.
"A feature on the third floor will
be the boys outfitting department, al
though this floor will be given up
chiefly to the display of household
linens, draperies, bedding and other
domestics.
Plan Works Both Ways
1--WE think that by our cooperative
plan all the employees will work for
the best good of the house and that
in this way we may gain the best
results for our patrons as well as for
ourselves.
1.-The young men in charge of the
departments all have occupied similar
positions in local stores and are well
fitted to take up the work.
I'VE are planning an opening which
we believe will be novel, but we are
not going to say anything about that
at present. Though we expect to be
doing business by March 10 We are
not fixing any definite date, as we
want every detail completed