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News Brief

December 12, 1928
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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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