Word: walgreen
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Dates: during 1930-1939
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Died. Charles Rudolph Walgreen, 66, tightlipped, tight-minded founder of the U. S.'s second largest ($27,846,000) drugstore chain (508 stores in 37 States); in Chicago. In 1935, he removed his niece from the University of Chicago because he disapproved of the "Communistic theories" taught there, later gave the university $550,000 to establish the Walgreen Foundation for Study of American Institutions...
...made into munitions. The U. S. cotton farmer who last season sold 1,550,000 bales to Japan, his best customer (China bought only 14,000 bales), had already been warned by the Department of Agriculture of the imminent disruption of this market, but for the time being Walgreen Drug Co. was happy over an emergency shipment of cod liver oil, expressed to the war zone by Clipper...
...President Robert Maynard Hutchins also announced a notable gift last week. With an anonymous donor promising $275,000 for "research in American institutions" if someone would match it two for one, President Hutchins finally found a man willing to give him $550,000. He was Drugman Charles Rudolph Walgreen, who two years ago was so shocked by his niece Lucille Norton's breakfast-table talk about communism that he not only withdrew her from the University but provoked a sensational legislative investigation (TIME, April 22, 1935). Of the resulting Charles R. Walgreen Foundation for the Study of American Institutions...
...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...
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...