The Washington times., 1925-06-04
A. A.&P.EMPLOYES
To SHARE IN
PROFITS
Great Chain Store Concern
Will Help Them Purchase
Common Stock

Employees of the Great Atlantic
and Pacific Tea Company stores in
Washington and throughout the
nation will be given an opportunity
to share in the profits through
ownership of common stock, under
terms of plan announced today
by a local official of the company.
The business of the company dur.
Ing the past year totaled 1852, ,093.-
342, making it the largest chain
store enterprise in the world.
Employees who have been with
the company for five years or more
will be allowed to subscribe ito
common stock up to 10 per cent of
their annual wages, and those with
One year or more of service to
purchase preferred stock with 10
per cent of their wages.
To facilitate the distribution OF
the stock among the employees, on
a partial payment plan, a corpora
ton has been formed under the
laws Of Maryland to hold the stock
OF the operating companies.
On March l the business was
split into five divisions, designated
as the New England, Eastern, Gen.
trail, Southern and Middle Western
division. Each division will have
it's own officers and directors. and
it is encouraging to the employe
to know that each president and
officer of these five divisions start
ed with the A. & p. as either an
office boy or clerk behind the
counter.
This new change is consistent with
the policy of the founder and his
sons, as Mr.. John A. Hartford,
president of the company, states
that he and his brother, George
L. Hartford, are more interested
''in the making of men than in
the making OF money" The loyalty
fostered by this. policy has been
properly estimated to- be one OF
the chief factors in the success Of
The Great Atlantic & Pacific Tea
Company, as it gives every EN-.
ploye the opportunity, to climb the
ladder.
Extends No Credit.
.'sThe Great Atlantic and Pacific
Tea Company does the largest cash
business in the world, one Of the
officials said. at extends no
credit, and. its volume Of gross
sales now surpasses that Of any
of the country's chain stores or
mail order houses"
The business was founded in 1853
with a single store in New York
city. Today the company operates
more than 1900 stores, and has
more than IS 900 employees.
Coincident with the important
change in the conpany's financial
policy, a new plan of operation
has been instituted to take care
of further expansion which, when
for the current year to well over
$420, ,OO0, ,0O0
ID. c. In Southern Division.
Washington comes in the South
efn division, Including Philadelphia,
Scranton, Baltimore, Richmond, At
lanta, Jacksonville and New Or
leans districts, with executive Of
fices at Philadelphia. Officers and
directors of this division are Oliver
c. Adams. president; John A. Hart
ford, first vice president; Aloysius
F. Gallagher, James j. Byrnes,
Benjamin F. Vinson, Joseph Strauss
jr., and John p. Clancy, vice presi-
urer james H. Genung, secretary,
and H. l.. Tice, c. w. Parr and
r. d. McIver, directors.
The company owns and operates
twenty-seven great warehouses.
one of which is located here. These
warehouses include manufacturing,
packing and coffee roasting de-
partments 1t owns factories and
canneries throughout the United
States and Alaska. Foreign offices
are maintained in London. Santos,
Brazil, and Madellin, Colombia.
Through ownership of its own
producing plants and it's direct con-
nection in foreign fields, the COM
pany has been enabled to cut the
cost of foods sold .,ver it's counters.
Savings thus made by consumers
have been the dominant factor in
it's steady expansion.