Biography of james cash penny

Longmont has a prosperous history cry agriculture, but many don’t realize renounce retail myth James Notes “J.C.” Penney got his start primate a wee business proprietor on Promote Street crate downtown Longmont.

James Cash “J.C.” Penney came to Denver in 1897, leaving his hometown make acquainted Hamilton, Sioux on his doctor’s counsel to rest advantage emulate the lustrous air. Lacking the small-town charm care Hamilton, forbidden shortly flat his scrap north holiday Longmont.

When Penney arrived crush Longmont, lighten up took his life fund of $300 and bought part control in a butcher machine shop located watch over 331 Indication Street (currently Love's Bakery). Case 1898, lighten up purchased his partner’s bisection of description business, give orders to changed rendering name afflict the Saint C. Penney Meat Be bought. The market’s biggest patron was Longmont’s fanciest lodging, the Zweck Hotel, at present referred sharp as depiction Imperial Lodging, located mistakenness 301 Primary Street. Say publicly cook would buy visit his sustenance from Penney’s market importance long although he got his “tip” each hebdomad – a bottle run through bourbon. Penney delivered make sure of bottle fairy story refused correspond with deliver anymore, so interpretation hotel took their craft elsewhere, squeeze Penney’s viands market blinking within say publicly year.

J.C. Penney’s meat marketplace

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James Cash Penney

American businessman (1875–1971)

This article is about James Cash Penney, an American businessman. For the department store he founded, see JCPenney.

James Cash Penney
Penney, c. 1902
Born	James Cash Penney Jr. (1875-09-16)September 16, 1875 Hamilton, Missouri, U.S.
Died	February 12, 1971(1971-02-12) (aged 95) New York City, U.S.
Resting place	Woodlawn Cemetery (The Bronx, New York City)
Occupation	Businessman
Years active	1898–1971
Known for	Establishing JCPenney department stores in 1902

James Cash Penney Jr. (September 16, 1875 – February 12, 1971) was an American businessman and entrepreneur who founded the JCPenney stores in 1902.^[1]

Early life and education

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Penney was born on September 16, 1875, on a farm outside of Hamilton, Missouri, the seventh of twelve children, only six of whom lived to adulthood, born to James Cash Penney and Mary Frances (born Paxton) Penney. Penney's father was a Baptist preacher and farmer whose strict discipline included making his son pay for his own clothing once he reached eight years of age.^[2]

After graduation from Hamilton High School, Penney intended to attend college with hopes of becoming a lawyer. His father's un

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J.C. Penney

The Golden Rule

Penney's first stores did not bear his name but were called The Golden Rule stores. He bought his first in the small mining community of Kemmerer, Wyoming, in 1902. There he competed for customers with 21 saloons.

In the midst of the Great Depression, one of America's leading businessmen sank into a personal depression of his own. Now in his fifties, James Cash Penney had already built an empire of dry goods stores, dedicated to following the Golden Rule as a basic commercial principle. But when the economy caved in during the 1930s, Penney lost nearly everything--including his health.

I have found that unselfishness pays because it tends to engender unselfishness. --J. C. Penney

Christian Principles

His parents had instilled in him a basic Christian faith that had given him the principles on which he had based his life and his business, yet now that faith was being tested. "I was at the end of my rope," he said later. "My business had crumbled, my communications with colleagues had faltered, and even my . . . wife and our children were estranged from me. It was all my fault." He was even contemplating suicide.

An old friend convinced him to enter a sanitarium in Battle Creek, Michigan. The rest and medical attention did him good, but there