The Omaha morning bee. (Omaha [Neb.]) 1922-1927, December 31, 1923, CITY EDITION, Image 5

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    The Burgess=Nash Company
Adopts Profit=Sharing Plan
Beginning January 2d we will sell to our employees,
customers and friends a limited number of Profit
Sharing Preferred Shares in the Burgess-Nash Com
pany. The shares will pay from 7 to 10 per cent.
They will be sold for cash or on partial payments.
This is the first time the American public has ever
been given an opportunity to share, to tips ex
tent, in the profits of a big and growing de- >
partment store. This offer is for a lim
ited time only.
a
New Policy for a
Department Store
By issuing these Profit-Sharing Preferred Shares, the
Burgess-Nash iompany is adopting a new policy for an
American department store.
This policy is, the modern method of ownership and
management for successful business institutions.
The modern method of financing successful businesses
is to permit customers and employes to become part
owners and to sh$re in the profits.
Modern business experience has proven that a business
with profit sharing employes and customers is invari
ably the most successful business. That is the reason
we are adopting this new financial plan.
We believe our rapidly growing store will become
even larger and will grow faster when a large number
of our customers become part owners of the Burgess
Nash store.
— 1
These shares we will offer on January 2d, which will
pay from 7 to 10 per cent, are preferred and cumulative.
The shares are of the highest character as a security—
a conservative, safe investment. Strong financial
houses have asked permission to underwrite them, but
we know it will be better for our business to have them
owned by our employes, customers and friends.
This new ownership policy will be beneficial to us.
The excellent dividends which the shares will pay will
make it beneficial to owners of the shares.
The Philadelphia Retail Ledger
said:
“The Burgess-Nash department store of Omaha
is now making what is believed to be one of the
most significant records in the history of the mer
cantile world—a record that is worthy of the most
careful study and consideration on the part of
every merchandise man in the United States.
“The store is advancing by leaps and bounds.
“These sale increases are not accidental, nor
caused by any exceptional financial situation of
Omaha and her trade territory but by progres
sive merchandising principles which have been
put into operation.
FOE CASH OR ON PARTIAL PAYMENTS
Our Profit-Sharing Preferred Shares will be
sold at the par value of $100.00 to each,
either for cash or on partial payments of
$10.00 per month per share.
4
Our partial payment arrangement is an in
terest bearing savings plan which will be ex
plained in detail in tomorrow’s newspapers.
This is a remarkable opportunity for saving
money.
These shares will be sold by employees of
Burgess-Nash Company and M. E. Smith <fi
Company.
For farther details, you are Inrlted to fill out and mall this
coupon:
Please send me, without obligation on my part, your free
booklet nbout your Profit Sharing Plan, and send me full details
about how I can become a Burgess-Nash partner.
Name ......
Address ....
City ..
The Owners and Management: Strong Financially, Experienced, Efficient.
GEORGE J. WOODS
WARD M. BURGESS
I. A. NEGEATU
MARK W. WOODS
FRANK H. ROODS
J. F. DAILEY
T. P. RKDMO.VD
LKSTKR KINSEY
FRANK JOHNSON
Money Invested With Successful Self-Made Men Is Safely Invested
George J. Woods.
Chairman of Board, Burgess-Nash Com
pany; Director M. E. Smith & Co.; Director
Lincoln Telephone & Telegraph Co.; Vice
President Woods Brothers Corporation;
President Woods, Updike Land Company;
Vice President Standard Timber Company:
Vice President O’Gara Coal Company; Di
rector The Omaha National Bank.
Wand M. Itnrgcss.
/President Burgess-Nash Company; Presi
dent M. E. Smith Company; Chairman of the
Board of the Omaha National Bank; Presi
dent of Nebraska Power Company.
8. A. Megeath.
Director Burgess-Nash Company; Director
M. E. Smith Company; Former President of
Galena Signal Oil Company; now Independ
ently engaged In the oil business; prominent
In eastern financial circles; heavy Investor
In Omaha and Nebraska property.
T. P. Redmond.
Vice President and Director of Burgess
Nash Company. Active In department store
business In Omaha for twenty-five yenrs.
Frank Johnson.
Treasurer of Burgess-Nash Company.
Frank H. Woods.
One of the controlling Share-Holders of
Burge aa-Nnsh Company; President Lincoln
Telephone & Telegraph Co.; President
O'Gara Coal Company; Director First Na
tional Dank, Lincoln, Neb.; Director Com
merce Trust Company, Kansas City, Mo.;
Vice President Automatic Electric Com
pany and connected with many successful
corporations.
Lester Kinsey.
Secretary of Durgess-Nash Company, promi
nent In American Legion activities.
J. F. Halley.
Vice President, Director and Genera] Mana
ger Burgess-Nash Company. Recognized as
one of the best merchandising men in Amer
ica.
Mark H. Hoods.
Director of Burgess-Na-h Company; Direc
tor of M. E. Smith Company; President
Woods Brothers Silo and Manufacturing
Co.; Director Central Trust Company of
Illinois; Lincoln Telephone tfc Telegraph
Co.; Woods-l'pdtke Land Company; Presi
dent Woods Brothers Corporation.
Never Missed a Dividend
t > •
The Burgess-Nash Company has never failed to pay regular dividends on any of its securities in all of its
long history.
Furthermore, we are selling these shares to our customers and other local people. The success of our busi
ness depends upon them and we could not afford to sell them anything in which we did not have the ut
most confidence.
These Profit-Sharing Preferred Shares will pay 7 per cent to the owner and, in addition, after the common
shares receive 7 per cent, the Profit-Sharing Preferred Shares will continue to share in the profits up to a
total of 10 per cent.
THE BURGESS-NASH COMPANY
“One of America’s Great Stores”