PLAN No. 732. HE BOUGHT AND SOLD MERCHANDISE STORES IN THE COUNTRY TOWNS
When this man was in the university he took a literary course, but after finishing his college work, he took to business and enjoyed it thoroughly. He found quite an opportunity in the small country towns surrounding a northwestern city. He said the electric railway and railroads and automobile highways were becoming such a factor within a hundred miles of this city, and the advertising in the daily paper was practically putting out of existence the small town merchants. He said this was so manifest that many merchants were compelled to go out of business. Where he made his profits, was to buy the merchandise of these local merchants. He knew the value of their stock without making an inventory of the goods. He told them he would buy on his own judgment. Oftentimes on the purchase of the stock itself he would make more than $2,000. He would then start in, fixing up the store, rearranging everything about the place, putting in more new stock, and, as a result he made a few sales. He conducts the business for about a year and having obtained all the advantages and profits that a new store would enjoy, he gradually sells out and closes up the business.
Often while holding these stores he is enabled to make an exchange and thereby realize a nice profit. He has secured three or four stores, far removed from the paved road, railroads and electric lines, and these pay well. One plan he has adopted is when he goes into a new community to start a weekly newspaper. Through this he carries all of his advertising and the news of the community.
I saw him about six months ago, and he has made in six years more than $30,000 in this work. His farm lands and four stores insure him a good income. This is a good business in the surroundings of any large city.