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Modest though the Walgreen family may be among U. S. business dynasties, it is not unknown out of the drugstore business. In 1935 one family breakfast after another was spoiled for Drugman Walgreen because his niece, Lucille Norton, 18, prattled about what she was studying as a freshman at the University of Chicago (TIME, April 22, 1935). Uncle Charles found out that Niece Lucille's reading list in a social science course included books about Soviet Russia in addition to such standbys as Herbert Hoover's American Individualism and Walter Lippmann's A Preface to Morals. Upshot was he decided to withdraw her from school, charged she had been "insidiously exposed" to Communist "influences." A great press uproar and a State Senate investigation followed, but nothing much besides froth came of the whole thing.
About half of the $10,000,000 secured in Walgreen Co.'s new financing will go to retire 40,837 shares of the present 6½% preferred stock, the rest for 40 new stores scattered all over the U. S. Scheduled for opening this summer in Miami is a five story Walgreen drugstore with three stories of soda fountain & eating facilities which will be Walgreen's biggest and best.
*Examples: Peau Doux shaving cream (named after Mr. Walgreen's bulldog Po Do); hardware items such as Dart's O'namel (named after Son-in-Law Justin W. Dart).