In 1913 he moved the company to the Kearns Building in downtown Salt Lake City, Utah. Penney was involved with the founding of the University of Miami and served on its Board of Trustees from 1926 to 1930.[8]. In 1898, Penney began working for a small chain of stores in the western United States called the Golden Rule stores. Challengers in respect of the death of our founder Buddy Wayne. Penney and partner Ralph W. Gwinn had invested heavily in Florida real estate including 120,000 acres (490 km2) in Clay County. Some of this land became Penney Farms. Seeking drier air, the family relocated to Colorado after James father contracted tuberculosis, which he eventually succumbed to. Penney was a Freemason most of his adult life, being Initiated into Wasatch Lodge No. contains thousands of pictures and GeneaStars. Mr. Penney opened the Golden Rule store in Kemmerer, Wyoming, in 1902. His grave, at the Woodlawn Cemetery, is not far from that of fellow retail entrepreneur, F.W. Mary Polly G Burris 1802 - 1875. 10 Nov, 1759 in Hanover County, Va. d. 17 June 1833 in Anderson Co., KY.He married Frances White 23 Feb. 1785 in Hanover Co. Virginia. Find your friends on Facebook. So James Cash and George Jordan were 1st cousins. Three years later, on April 14, 1902, they made him a one-third partner in their new store in Kemmerer, Wyo. The area had twenty-one saloons. If we follow the admonition to love God, and our neighbors as ourselves, it will lead us to understand that, first of all, success is a matter of the Spirit., Paul J. Batura is a writer and vice president of communications for Focus on the Family. The company had sizeable cash reserves and no long-term debt. He opened his first store, called the Golden Rule, in Kemmerer, Wyoming, in 1902. Coral Gables: University of Miami Press, 1976. p. 393. J. C. Penney. James Cash Penney 3 The five separate fingers are five independent units. Geneastars | Facebook. Yet he continued to live by the Golden Rule, including it as his personal business philosophy. James Cash Penney married Mary Frances Paxton and had 12 children. lis! Penney's father was a Baptist preacher and farmer whose strict discipline included making his son pay for his own clothing once he reached his late pre-teens. Most of this work was halted when the stock market crash of 1929 and the Great Depression left Penney in financial ruin. gnalogique Dowling avec plus d'un demi-million de parents, He was named after his father, James Cash Penney Sr., who was a farmer and a devout man. Businessman. However, his father's untimely death forced a change in plans, and Penney was forced to take a job as a store clerk to help support the family. Penney was a Freemason most of his adult life, being initiated into Wasatch Lodge No. Among the hundreds of attendees, special guests included three grandchildren of James Cash Penney, City of Kemmerer Mayor and City Council members, Lincoln County Commissioners, Wyoming State Legislators, JCPenney corporate and stores representatives, and members of JCPenney H.C.S.C. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Este sitio usa Akismet para reducir el spam. . ? According to the National Retail Federation, families with children in grades K-12 can expect to spend upwards of $800 on back-to-school shopping this summer yet another financial blow in an increasingly expensive, inflation-charged year. Major children and living persons must directly contact the. James Cash Penney was an entrepreneur who, in 1902, became a partner in a store he would later purchase from his partners. Penney was buried in the Bronx section of New York City. Villaseor was first introduced in the role in the spring, as the retailer celebrated its 120th anniversary. He was the seventh of 12 children, only six of whom lived to adulthood. Penneys success made him a national figure, whose business philosophy and methods provided a model for others to follow. He came to Phoenix about four years prior to grow citrus but had recently sold. 2 Recreation Board, Indigenous People in Wyoming and the West, http://www.jcpenney.net/about/jcp/jcphistory/default.aspx, http://digitalcollections.smu.edu/cdm4/item_viewer.php?CISOROOT=/dyn&CISOPTR=65&CISOBOX=1&REC=5, http://www.lib.utexas.edu/taro/smu/00012/smu-00012.html, http://ahc.uwyo.edu/eduoutreach/citizen/penney.htm, http://select.nytimes.com/gst/abstract.html?res=F10617FA3A5F0C7A8DDDAA0894DA494D81&scp=12&sq=%22James%20Cash%20Penney%22&st=cse, http://money.cnn.com/magazines/fortune/fortune500/2010/snapshots/2255.html, Green River Historic Preservation Commission, Natrona County Board of Cooperative Educational Services, Natrona County Recreation Joint Powers Board, Sublette County Historical Preservation Board, University of Wyoming School of Energy Resources, The JC Penney Co. corporate history website. And by his third wife, he had two daughters, Mary Frances Penney and Carol Penney. . Geneastars | Facebook. Wal-Mart founder Sam Walton put a copy of Penneys motto above his desk. The company opened its 500th store in 1924 in Hamilton, Missouri, James Cash Penney's hometown. Today, the fund is part of the Common Counsel Foundation, an Oakland, California based consortium of family philanthropic foundations and individual donors. In 1916, he began to expand the chain east of the Mississippi and during the 1920s, the Penney stores expanded nationwide, with 120 stores in 1920 (mostly still in the west) By 1924, Penneys' reported income of more than $1 million dollars annually. http://en.wikipedia.org/wiki/James_Cash_Penney. So, it made sense that come 1902, Penney would name his first store after the biblical admonition. Just consider the heat Chick-fil-A and Hobby Lobby have taken for leading with their deeply held religious convictions. No valis vosotros mucho ms que ellas? nos dice enMateo 6:25-34. So Penney stayed on the farm for two years, until his father found him work as a clerk at a local dry goods merchant. Tebeau, Charlton W. The University of Miami. I saw God in His glory and planned to be baptized and to join a church., Suddenly needing to be heard, I cried inwardly, Lord, will you take care of me? J. C. Penney was born on September 16, 1875, on a farm outside of Hamilton, Caldwell County, Missouri. Haba vislumbrado a Dios, dijo. Log In. It is well kept, and the curator is generous with her time as well as knowledgeable about the regions history. Lo que aconteci en su vida durante esos momentos al escuchar los himnos es impresionante y memorable. Accessed March 30, 2011 at, The photos of Kemmerer, and the Second Golden Rule Store there, are from. When Kimball Penney was born on 28 September 1920, in New York City, New York, United States, his father, James Cash Penney Jr., was 45 and his mother, Mary Hortense Kimball, was 41. rootsweb: Click Here Before her death from illness, the couple has two sons, Roswell Kemper Penney and James Cash Penney III. Penney first stopped in Longmont, Colo., where he opened a butcher shop in 1898. July 20, 2002 12 AM PT. 1 Free and Accepted Masons of Utah, on April 18, 1911. Exponential growth would continue until the Great Depression of the 1930s a turn that drove the retailer to a near mental breakdown and almost sent Penneys empire into bankruptcy. James passed away on month day 1895, at age 53 at death place, New Jersey. His intentions after graduation from Hamilton High School were to attend college with the hopes of becoming a lawyer. In 1898, due to health problems, Penney moved west to Colorado. Golden Rule sold what mining families needed, and it sold it affordably. The company was incorporated under the new name, J. C. Penney Company. We are all related! Carol Penney Guyer, 72, a philanthropist and daughter of retail department store founder J.C. Penney, died from complications of cancer . He died February 12, 1971. [9] Penney was also member of two professional fraternities: Alpha Gamma Rho and Alpha Kappa Psi. I felt I was passing out of darkness into light., Penney then heard the Lord say, Only believe.. Boyhood home in Hamilton (that was moved from a farm to town for display), J.C. Penney was born on a farm outside of Hamilton, Caldwell County, Missouri to James Cash Penney, Sr. and Mary Frances (ne Paxton) Penney. The Golden Rule chain became The J.C. Penney Co. in 1913, relocating its headquarters from Salt Lake City to New York, in order to be closer to the garment district. As its 120th anniversary approachesa milestone Amazon won't hit until the year 2114the retailer is introducing a new spokescharacter named Penny James, played by SNL star Melissa Villaseor.. However, his father's untimely death forced a change in plans, with Penney taking a job as a store clerk to help support the family. 1898 JC Penny, the store, secured its place in history over the next century, and so did Penney, the man. James showed entrepreneurial thinking at a very young age when he purchased young pigs . His column in the May 1932 edition of the company newsletter chastised managers for failing to sell goods that had languished on store shelves for a year or longer. Penney's father was a Baptist preacher and farmer. 2023 News Media Corporation. But in 1902, Wyoming had provided exactly what young Penney needed to found a chain that has survived, as of 2011, for 109 years a tiny coal-mining town where the people wanted to buy what he had to sell. The assumption was that business is secular, and service is religious, he once said. He built a retirement home for ministers in Florida, he underwrote vocational guidance programs on the radio, and he raised purebred cattle on his two farms, one in Missouri, the other in New York. L'arbre Aunque J.C. Penney poda reflexionar sobre su vida y ver, con orgullo y placer, muchos logros sobresalientes, hay un incidente que sobrepasa los otros. Me debilitaba da a da. The store is now under new ownership, and its future remains an open question. Penneys business philosophy was simple find good employees, train them well, and sell quality goods at a small markup in order to keep prices down. After his death, the company settled in suburban Dallas. He suggested more persuasive selling practices might have kept sales from falling, even in a dismal economy. Three years later, on April 14, 1902, they made him a one-third partner in their new store in Kemmerer, Wyo. The Life Summary of Kimball. [1], J. C. Penney was born on September 16, 1875, on a farm outside of Hamilton, Caldwell County, Missouri. gnalogique Dowling avec plus d'un demi-million de parents, The large income allowed him to be heavily involved in many philanthropic causes during the 1920s. Penney then signed on as store clerk at the local Golden Rule Store, part of a small dry goods chain that featured work clothes, fabric, and sewing supplies. The number of stores reached 1,400 by 1929. Used with thanks. As his own financial situation worsened, he was forced to sell one of his homes. Nous sommes tous Despus de escribir las cartas, Penney pudo dormir pero qued asombrado al descubrir que esta vivo a la maana siguiente. Penney checked himself into the Battle Creek Sanitarium, where he was treated. Eventually, the number exceeded 2,000 as the store found niches in Main Streets across America. The Andy Griffith Show Remains a Masterclass in Leadership and Life, Births in Japan Fall to Record Low Amid Catastrophic Population Decline, Foretelling Worlds Future. That one store evolved into the JCPenney Company. Penney's staunch Christian upbringing and . American businessman and entrepreneur who, in 1902, founded the J.C. Penney stores, Born on September 16, 1875 By the 1950s, the stores were bringing in over $1 billion. Reconoci la letra de un viejo y conocido himno que cantaban: Dios cuidar de ti. Some of this land became Penney Farms. Our family had a personal connection to Mr. J. C. Penney because of his prior ownership of the farm where we now live. In 1913, he incorporated the name J.C. Penney Company, and began to phase out the Golden Rule name. Born in Hamilton, MO, in 1875, James Cash Penney was the son of a Baptist preacher. However, his father's untimely death forced a change in plans, with Penney taking a job as a store clerk to help support the family. But the words of James Cash Penney should be heeded and heralded as a good reminder that believers cannot and should not separate their faith from any of their activities. Penney was a member of two professional collegiate fraternities: Alpha Gamma Rho for agriculture and Alpha Kappa Psi for business. The Penny James moniker is a quirky nod to the store's founder, James Cash Penney . He was the seventh of twelve children, only six of whom lived to adulthood. Covid-19 and changing tastes in retail were bad news for J.C. Penney the retail chain -- but good news for Kemmerer, hometown of James Cash 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 8 years of age. Chain store executive, pioneer in profit sharing, and philanthropist, J (ames) C (ash) Penney (1875-1971) built a corporate empire following business precepts based on the Golden Rule.. Dowling After his death, the company settled in suburban Dallas. Poor but enthusiastic and energetic, the youngster helped the family make ends meet by selling watermelons and feeding livestock. J.C. Penney was born on a farm outside of Hamilton, Caldwell County, Missouri to James Cash Penney, Sr. and Mary Frances (ne Paxton) Penney. James Cash Penney, Jr. (September 16, 1875 February 12, 1971) was an American businessman and entrepreneur who, in 1902, founded the J.C. Penney stores. In the interim, though, the future retail maven would land a job in a butcher shop and then a dry goods store, learning the business and obtaining the skills he would need to start his own company one day. Just a few weeks later, he suffered a heart attack and never fully recovered. It was a life-changing miracle, and Ive been a different person ever since. Sal con la gran sensacin de haberme liberado de la esclavitud de desear la muerte, y de sentir la pulsacin de vida y esperanza. [12] She was badly hurt in 1928 when she fell from a horse at their estate in White Plains. This web page shows only a small excerpt of our Penney research. Hes authored numerous books including Chosen for Greatness: How Adoption Changes the World, Good Day! The Dowling Family Tree with over half a million relatives, By his second wife he had another son, Kimball Penney. Finally Penney found lasting love with third wife Caroline Marie Autenrieth, to whom he was married forty-five years until his death. Penney's first job was clerking in a general store for a salary of $2.27 per month. Father of James Cash Penney, III; Russell Penney; Kimball Penney; Mary Frances Wagley and Carol Marie Penney, http://www.house.mo.gov/famous.aspx?fm=16. Nous sommes tous Notificarme los nuevos comentarios por correo electrnico. As it would happen, Penneys eventually filed for bankruptcy in the midst of the Covid pandemic in May of 2020. ? contient des milliers de photos et GeneaStars. Linked to: Timothy Michael Dowling, 13th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} James Cash "J.C." Penney, Jr. was an American businessman and entrepreneur. Kruger, David D., "James Cash Penney: The Impact of a Main Street Merchant on Oklahoma,", This page was last edited on 18 January 2023, at 22:28. In 1909, he moved the companys headquarters to Salt Lake City. That year there was a celebration with an appearance by former governor Ed Herschler to dedicate the J.C. Penney Home and establish it as a historical landmark. Tu direccin de correo electrnico no ser publicada. Log in or sign up for Facebook to connect with friends, family and people you know. The foundation was restructured in 1999 as the Penney Family Fund, and is no longer affiliated with J. C. Penney Co., Inc., or its corporate giving program. James Cash Penney married three times in his life. Wal-Mart founder Sam Walton put a copy of Penneys motto above his desk. It seems to me so; business is therefore as much religious as it is secular. Penney founded the James C. Penney Foundation in 1954. Is not service part and parcel of business? He was the seventh of twelve children, only six of whom lived to adulthood, born to James Cash Penney and Mary Frances (born Paxton) Penney. KEMMERER The second annual J.C. Penney Golden Rule Day and Community Picnic was held at Triangle Park in Kemmerer on Saturday, Aug. 27.Dozens of people were in attendance to celebrate the event, a reminder to treat others kindly and with respect. [2] In 1916, he began to expand the chain east of the Mississippi and during the 1920s, the Penney stores expanded nationwide, with 120 stores in 1920 (mostly still in the west) By 1924, Penney's reported income of more than $1 million annually. 2:52 PM on Dec 15, 2020 CST. Showing Editorial results for james cash penney. Wrong username or password. Abstract: Mr. Penney's personal papers include correspondence, speeches, clippings, genealogies, greeting cards, photographs, and other items from James C. Penney, his third wife, Caroline A. Penney, and other family members. The financial setbacks took a toll on his health, and he checked himself into the Battle Creek Sanitarium for treatment. But in 1902, Wyoming had provided exactly what young Penney needed to found a chain that has survived, as of 2011, for 109 years a tiny coal-mining town where the people wanted to buy what he had to sell. James Cash Penney : Family tree by Tim DOWLING (tdowling) - Geneanet. Eventually, the number exceeded 2,000 as the store found niches in Main Streets across America. (1821) 2 children. Hamilton High School in Hamilton, Missouri was renamed Penney High School. The company had sizeable cash reserves and no long-term debt. Penney was buried in Woodlawn Cemetery in the Bronx, New York City, not far from the grave of fellow retail entrepreneur, F. W. Woolworth. James Cash. Adults Especially Gen Z Identifying as LGBT. New York Times obituary of Henry Simler, June 27, 1954. Stepping inside, he then heard someone reading Jesus words from the Gospel of Matthew:Come unto me all you that are heavy laden, and I will give you rest (11:28). His mother was a woman with a vibrant Christian faith and a descendant of a genteel southern family. James Cash Penney was born in Hamilton, Missouri on September 16, 1875, on a farm in Caldwell County. Penney took to this new line of work, and began to set aside money to start a business of his own. By the time he died, Americans had landed on the moon. James Cash Penney (1875-1971) believed that working people in isolated regions in the West deserved to have dry goods stores nearby that would offer quality products at reasonable prices. Penney's father was a Baptist preacher and farmer whose strict discipline included making his son pay for his own clothing once he reached his late pre-teens. In 1940, during a visit to a store in Des Moines, Iowa, he trained a young Sam Walton on how to wrap packages with a minimal amount of paper and ribbon. The stores founder was James Cash Penney, a Missourian born in 1875 who had moved west after his doctor suggested his health would benefit from the regions drier climate. He died of pneumonia in Phoenix after a 3-day illness. The railroad needed coal, the coal mines needed miners, and the miners and their families needed dry goods. James Cash Penney. In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. J.C. Penney . gnalogique Dowling avec plus d'un demi-million de parents, Penney had hoped to attend college when he graduated from high school in 1893, but his parents could not afford to send him. At the age of eight, Penney's father told him he would be responsible for clothing himself,. He has written for the New York Times, Popular Science and scores of special-interest and university magazines. If you wish view the full all article, watch this short video or subscribe now for full access. The foundation was restructured in 1999 as the Penney Family Fund, and is no longer affiliated with J.C. Penney Co., Inc. or its corporate giving program. Despertarme de nuevo fue una extraa sorpresa. In 1913, he replaced the Golden Rule name with his own. Por nada ESTiS afanosos, sino sean conocidas vuestras peticiones delante de Dios contoda oracin y suplica, con accin de gracias(Filipenses 4:6). He married Mary Hortense Kimball in July 1919. Penney grew up in an era in America when agriculture was giving way to industrialization, and he would become part of the movement that saw millions leave farming for urban occupations. His first marriage was to Bertha Alva. By 1917, the chain had nearly 200 stores; by 1928, there were more than 1,000. Search instead in Creative? James Cash Penney was born in 1875 to an impoverished family who lived on a farm in Missouri. I can do nothing for myself! . Penney directed his stores to be closed on Sunday so employees could attend church. Mr. Penney was inducted into the Junior Achievement U.S. Business Hall of Fame in 1976. His family lived in the attic above this store. on the Oregon Short Line Railroad, a subsidiary of the Union Pacific first constructed in 1882 from Granger, Wyo. On December 26, 1970, Penney fell and fractured his hip. 'Mrs. Penney was a cherished member of the JC Penney family and a. [1] The number of stores reached 1,400 by 1929. Most of this work was halted when the stock market crash of 1929 and the Great Depression left Penney in financial ruin. The map below shows the places where the ancestors of the famous person lived. Haba entrado encorvado con parlisis de espritu, completamente a la deriva. is made up of the original retail store, James Penney's former home, and several other commercial structures . Although visitors only need about an hour to explore this site, it is well worth their time. From US 30, follow US 189 or US 30 Alt into downtown Kemmerer. Much of the collateral was lost. This page will put a light upon the James Cash Penney bio, wiki, age, birthday, family details, affairs, controversies, caste, height, weight, rumors, lesser-known . He was the seventh of twelve children, only six of whom lived to adulthood, born to James Cash Penney Sr. and Mary Frances (born Paxton) Penney. Early History of the Penney family. Penney's father was a Baptist preacher and farmer whose strict discipline included making his son pay for his own clothing once he reached 8 years of age. aged 95years old. Caroline Autenrieth Penney (1896-1992), third wife of James Cash Penney, was an active philanthropist in the arts, especially opera and fashion. James Cash Penney 5 Courteous treatment will make a customer a walking advertisement. Major children and living persons must directly contact the. In addition, Penney was personally liable when a Florida bank, where he served as board chairman, failed in 1930; he paid several million dollars to cover losses by bank depositors. All Rights Reserved, No, thanks! The James Cash Penney Papers, Southern Methodist University. Finally Penney found lasting love with third wife Caroline Marie Autenrieth, to whom he was married forty-five years until his death. Penney grew up in an era in America when agriculture was giving way to industrialization, and he would become part of the movement that saw millions leave farming for urban occupations. It also laid the foundation of a retail empire. The JC Penney Company, long among the worlds largest department store chains, traces its roots to a one-room shop in a small Wyoming coal-mining town. This was also the start of Foremost Dairy Products Inc. Penney later recruited Paul E. Reinhold to run the dairy. Penney's homestead in Kemmerer was repaired and renovated in August of 2017. His father, a farmer, served as an unpaid preacher for a fundamentalist sect known as Primitive Baptists. By the time he died, Americans had landed on the moon. Penney was also member of two professional fraternities: Alpha Gamma Rho and Alpha Kappa Psi. With 12 children -- only half of whom survived to adulthood -- the family was often cash-strapped. Exteriormente, l continu trabajando para hacer que sus tiendas tuvieran xito, pero internamente estaba devastado, y sus reservas se estaban agotando. Retreating to a sanitarium in Battle Creek, Mich., Penney found himself wandering the hallways one morning when he heard the sound of a familiar hymn. Until the end of his life, he continued to go to his offices. He participated in opening two more stores, and when Callahan and Johnson dissolved their partnership in 1907 he purchased full interest in all three stores. His father, James Cash Penney Sr., was a minister and civic leader who ran unsuccessfully for Congress on a populist ticket in 1894. The Reverend Dr. Norman Vincent Peale delivered the eulogy at Penney's funeral. He was the seventh of twelve children, only six of whom lived to adulthood. Starting with his first store initially called the Golden Rule Stores in 1902, there are now over 1000 JCPenney department stores across the United States and Puerto Rico. The larger-than-life bronze statue of James Cash Penney is heading to Kemmerer, Wyo., where the merchant opened his first store in 1902. . Penney had hoped to attend college when he graduated from high school in 1893, but his parents could not afford to send him. Further information: J. C. Penney http://en.wikipedia.org/wiki/J._C._Penney. Cuando estaba en Battle Creek, Michigan para dar una charla, al seor Penney le sali una erupcin seria, que luego identificaron como culebrilla. As his own financial situation worsened, he was forced to sell one of his homes. The large income allowed Penney to be heavily involved in many philanthropic causes during the 1920s. [citation needed], In 1953 the Springfield (MO) Chamber of Commerce presented Penney with a "Ozark Hillbilly Medallion" and a certificate proclaiming him a "hillbilly of the Ozarks. It was on April 14, 1902, that James Cash Penney, along with two other partners, cut the ribbon on what would eventually become a retail juggernaut. on the UP line northwest to Montpelier, Idaho. The Penney Family Fund endows organizations in Oregon, California, and Washington state that work to advance human rights, community social, political, and economic empowerment, government accountability, and environmental sustainability.[10]. In 1909, he moved the companys headquarters to Salt Lake City. At age 8, young Jim was told he would have to start buying his own clothes and earning his own money. The ambitious Penney began to expand, first within Wyoming, where he opened new stores in Rock Springs and Cumberland, (like Kemmerer, a coal camp on the Oregon Short Line, but now extinct). This article is about James Cash Penney, an American businessman. And by his third wife, he had two daughters, Mary Frances Penney and Carol Penney. 1898 Born James Cash PENNEY American businessman and entrepreneur who, in 1902, founded the J.C. Penney stores Born on September 16, 1875 in Hamilton, Missouri, USA , United States Died on February 12, 1971 in New York City, New York, USA Born on September 16 49 Deceased on February 12 35 Family tree Report an error Penney John 1759 - 1833 White Frances James Cash. Posted by Paul Batura | Aug 26, 2022 | Culture. Thanks to his early success, his company quickly outgrew the state. She died of heart failure, a . Su mdico orden que se le mantuviera sedado, con la esperanza de que el descanso y el sueo le produjeran algn alivio. The J.C. Penney Conference Center at the University of Missouri-St. Louis was dedicated in his honor on January 23, 1972. James Cash Penney Jr. (September 16, 1875 February 12, 1971) was an American businessman and entrepreneur who founded the JCPenney stores in 1902. At that time something happened to me which I cannot explain, Penney would later reveal. Penney was a Freemason most of his adult life, being Initiated into Wasatch Lodge No. James Cash (Tommy Cash) See Photos. Estees uno de los pasajesde la Biblia que mas consuelo nos dan en los periodos dedificultades econmicas, por lo que debemos memorizarlo para no dejarnos desanimar y para aumentar nuestra fe, tal como le sucedi a J. C. Penney. [6][7] A member of both the Scottish and York Rites Penney was coroneted a 33rd Degree on October 16, 1945, and received the Gold Distinguished Service Award by the General Grand Chapter, Royal Arch Masons, in Kansas City, Missouri in 1958. Even after relinquishing daily operating management of the company, Penney continued his active involvement in managing the company and its stores. Son of James Cash "Jim" Penney and Mary Frances Penney He was the seventh of twelve children, only six of whom lived to adulthood, born to James Cash Penney and Mary Frances (born Paxton) Penney. Even so, Penney thought his stores could have done better as the Depression ground on. Today, the company operates fewer stores about 1,100 but they tend to be much larger than the old Main Street outlets. The financial setbacks took a toll on his health. He called it the Golden Rule Store because he believed in treating. Married 24 August 1899, Cheyenne, Laramie Co., WY, to Berta Alva Hess, born 25 September 1875 - Illinois, deceased in December 1910 - Salt Lake City, Salt Lake Co., UT aged 35 years old (Parents : William Osborn Hess 1839-1921 & Ella Jane Chatterton ca 1839-) withRoswell Kemmerer Penney 1901-1971 With Willa Graff ca 1901-1971/. The building was made possible through financial donations by Mr. Penney and his company. The JC Penney Company was born. Kemmerer, Wyoming. Penney was involved with the founding of the University of Miami and served on its Board of Trustees from 1926 to 1930. After the 1929 stock crash, Penney lost virtually all his personal wealth, and borrowed against his life insurance policies to help the company meet its payroll.
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