Nothing but Value

One day in 1912, a small, energetic tailor named Samuel Klein opened a one-room retail dress shop on Manhattan's Union Square. He had $600 in capital, 36 dresses on his racks. In less than 20 years, S. Klein On The Square became the world's largest women's-wear store, sold as much as $25,000,000 worth of clothes a year to bargain-hunting, women.

To Klein's this week came a bargain-hunting man, 41-year-old Hyman Philip Kuchai, president of the 45-store western chain of Grayson Shops, Inc. (of California).* He was looking for a bargain: S. Klein On The Square, Inc., for $3,000,000. Grayson would...

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