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News Brief

December 12, 1928
See Original Daily Bulletin From This Date

Adolph Deutsch, president of Deutsch Brothers furniture stores, New York, announced that he is turning over 30 per cent of the capital stock, valued at $1,500,000 to his employes as a reward for faithful work. The distribution is to be on the basis of seniority. All those in the service of the company for a year are entitled to a share.

The oldest employe is Nathan Selig who has been with the firm forty-one years.

“It has always been my hope that I could arrange to give my employes a share in the business, for I realize that I owe my success to their loyal co-operation,” Mr. Deutsch said. He did not state when the transfer of stock would take place.

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