Aaron StrausMcKeldin Quote

Aaron Straus was born in Baltimore of German Jewish descent in 1865, graduated from City College, and went on to build his family's furniture store into one of the nation's largest retail empires of furniture, clothing and jewelry stores that stretched from New England to New Mexico. Reliable Stores Corporation was run as an amalgam of stores under one umbrella using corporate controls in accounting and purchasing — a rare precursor of today's conglomerates. Reliable Stores was publicly traded on the American Stock Exchange in 1934 and moved over to the New York Stock Exchange in 1936. While the Depression stopped many in their tracks, Aaron saw it as an opportunity to buy back a large portion of stock at more favorable prices.

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