Milford News | 1945-06-21 | Page 4 | One Chain's Dollar

ONE CHAIN'S DOLLAR To disperse any ideas fostered in the public mind, to the effect that a chain store is a monoply, gleaning- huge profits prof-its from the public pocket and returning- few benefits to the communities involved, witness what became of one chain's dollar in 1914, as stated in the company's annual report: Farmers and other suppliers of goods received 81.49c; salaries, wages and bonuses claimed 10.16c; compensation to elected officers of the organization was 0.07c; operating supplies sup-plies and other expenses took 5.42c; to cover depreciation, 0.59c was set aside; local, state and federal taxes required 1.48c; profit for stockholders and surplus account amounted to 0.79c. These figures stand as eloquent testimony to the fact that the chain store is an efficient, beneficial member of the community it serves.