The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1920-09-20
WAxENbERC and
BRADY BUY OUT
new YORk.ST0RE

Moline Department Store Changes
Hands - Mako Excessive
Plans fer Future.
Purchase Of the Pierr & Co. in
terests In the New York store Of
Moline hash been made by Dave
Brady, we'll known former mer-
chant Of Rock Island, and Abe
Waxenbefg, Davenport business
man. according to formal announce
ment made this morning. Negotia-
tions have been going on for the
last three weeks. fTV6 store will
be closed Wednesday for arrange
ment OF stock for a big clearancs
sale which begins on Thursday.
Tho interests which changed
hands involves q stock, valued at
$3.50, 900. with = long term lease
upon tho New York store building.
The store name will be maintained.
~ 1t has for years, and plans for
redoubling Of the stock in every de-
partment, remodeling Of the base
ment for . bargain basement, with
. grocery and meat department, q
complete drapsry' section on the
third floor, extension Of the shoe
department to include mems shoes,
and addition of mems working
clothes are being made. P. H. Lor-
enE has been contracted with to re-
model the basement. The person
mel Of the store will be the same,
the only change coming in the ex-
tension and additions Of depart
ments. W. R. Wilson, advertising
manager Of the leading st. Louis
stores, will be in charge Of the
firms advertising.
VIII Seek Leadership.
1T 10 our ambition to make the
New York store the leading mer-
camille establishment in the tri-
Cities" said Mr.. Brady this morn.
Ing. I'VE endeavor to offer the
highest values consistent with the
popular prices which will be our
rule and at the same time maintain
more exclusive styles and stocks in
all departments. The store man
agements will aim in every way to
provide for the comfort and con-
venience Of its patrons"
Mr.. Brady was owner Of the
Brady department store at Seventh
avenue and Twelfth streets for IL
years, and sold out . few years ago.
He began with a small store car
rying $500 worth Of stock and doing
q business Of $500 a week, but when
disposed Of was doing IN annual
business Of $350,0o0.
Established = Years.
Mr.. Waxenburg has been In busi-
ness In Davenport and other Iowa
cities for IL years and for q great
part Of the time has been ssso-
ciated in management of the Wax
enberg clothing-store In Davenport.
The New York store was started
on Third avenue in Moline IS years
ago. Twenty-Five years ago 1t was
moved to the Pierr block on FIJI
teenth street and 10 years ago to the
New York store building on Fifth
avenue. James M. Pierr. owner
since the retirement of his brother,
Edward Pisrr. several years ago.
may move to California for the win
ter.
The New York store will be re-
membered as the place where fire
broke out one noon . year ago last
winter, destroying the entire stock.
Long Piefr interest
For 81 years the Pierre family
name has been associated with Mo-
lines New York store. In 1856 the
business vas launched In . 20-foot
front on Third avenue. near FIJI
tesnth street. It was the heyday Of
Third avenue and shr6wd business
men OF the decade saw the city's
district bounded op the
south by the railroad tracks. The
original New York store extended
from Third avenue, . depth Of $50
feet and proved % popuias that IN.
other 2e-foot front was acquireds
adjoining the FIRST building. The
Dispatch eflce now occupies the
southern portion OF that ons-time
establishment.
The trend Of business across the
tracks became apparent and u
years ago the New York store o.