"
CHAPTER XXX
TOM, JACK AND NED
Quincy decided to have his company incorporated. This necessitated
visits to the Secretary of the Commonwealth and the Tax Commissioner.
The amount paid in cash capital was $200,000. Besides the four stores
doing business, sixteen more were contemplated in Boston, Cambridge,
Lowell, Lawrence, Fall River, New Bedford, and other small cities and
large towns.
The design was not to form a trust with a view of controlling certain
food products and raising prices, but to establish a line of stores
in which the best grade at the lowest cash price should be the rule.
This price was to be fixed for the Boston store and was to be the
same in all the stores.
"Whom shall I put in charge of the Boston store, Quincy?" his father
asked. "He will have to be general manager for the whole circuit."
"I know a man," said young Quincy, "who is honest, conscientious, and
a perfect tiger for work, but he knows nothing about the grocery
business. He has adaptability, that valuable quality, but, while
learning, he might make some costly mistakes."
"I want you to act as Treasurer for the company. It's your money, and
you should handle it."
"I've no objection to drawing checks. We sha'n't have to borrow any
money for there's half a million available any time. Why didn't you
have a larger capital, father?"
"Because the State taxes it so heavily; but there's no tax on
borrowed money.
Pages:
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267