Think and Grow Rich!

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9781634502535

F. W. WOOLWORTH
COL. ROBERTA. DOLLAR

FRANK A. VANDERLIP Frank A. Vanderlip (1864-1937) was a financial reporter and later financial editor of the Chicago Tribune
prior to becoming a banker. He also served as chairman of the War
Savings Committee, which coordinated the sale of war savings certificates for World War I, and he was a trustee of the Carnegie
Foundation.
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F. W. WOOLWORTH Franklin W. Woolworth (1852-1919) opened his first five-and-ten-cent variety store in 1879 in Lancaster,
Pennsylvania. By the end of 1904, he was operating 120 stores instates, and by the time of his death the company had more than a thousand stores. He pioneered in volume buying and artful counter display merchandising. The Woolworth empire eventually expanded to
Britain and Ireland and several other countries, but by the late s the chain had lost along battle against the big discounters, and in the Woolworth Corporation announced it was closing its last 400 F. W.
Woolworth stores with 9,000 employees, ending a venerable business that had simply become unprofitable.
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COL. ROBERTA. DOLLAR Col. Robert A. Dollar (was born in Falkirk, Scotland, in. He immigrated with his family to the United States in 1856. By age 13 he was working in a Canadian lumber camp. He made his way to San Francisco and went onto develop extensive foreign trading and lumber businesses, becoming in the process one of the largest operators of ocean vessels in the world.
Before his death in 1932, he had received keys to the cities of Falkirk,
Boston, New York, and Shanghai.
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EDWARD A. FILENE Edward A. Filene (1860-1937), along with brother Lincoln (1865-1957), made Filene’s department store in
Boston world-famous. Known for its high quality fashion merchandise, it is best known for its Automatic Bargain Basement,
which opened in 1909. The Basement featured distressed merchandise at bargain prices which were automatically reduced 25% after selling days, then 25% more after 18 days, 25% more after 24 days,
and, after 30 days, the clothing was donated to charity. Filene’s pioneered the charge-plate system, cycle billing, and branch store

operations. The firm joined with FR. Lazarus and Company and
Abraham and Strauss into form Federated Department Stores,
Inc. Edward Filene was also the co-inventor of the “Filene-Finlay
Simultaneous Translator used at the war crimes trials at Nuremburg and later at sessions of the United Nations. Because of his year crusade to establish credit unions in the United States, Filene is known today as the Father of the US. Credit Union Movement.”
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