The Marketing Director of the Missouri Star Quilt
company mentioned in our conversation that JC Penny was born in Hamilton, Missouri. That is why they were having JC Penny days. He
shared that JC Penny had all the stores in the corporation with the exception of
the JC Penny store in Hamilton, which was the 500th store and Mr. Penny owned
that store separate from the corporation.
Well this store had been closed for years and that was one of the
buildings Missouri Star Quilt had purchased and they were restoring. It sounded
like they are going to do something to commemorate JC Penny.
J.C. Penney (JC Penneys). James Cash Penney was
born on September 16, 1875, on a small farm outside Hamilton, Missouri. After
graduating high school, James worked a variety of jobs. The one that influenced
him the most was working as a clerk in a dry goods store, there he learned to
be a merchant. He took what he learned and moved to Colorado and tried to build
a business there but it was shady. in 1898, he went back to work at a dry goods
store and the owners were so impressed by him, they offered him the chance to
become a partner with them. He then moved his wife and son to Wyoming where he
opened his first store in 1902 called the Golden Rule Mercantile Company. In
1904, he opened another store and soon the other owners, offered to sell him
their share, which he accepted. By 1912, he has successfully opened and
maintained a total of 34 Golden Rule Stores. In 1913, the name changed to J.C.
Penney Company Incorporated. By 1915, there were 86 J.C. Penney stores
throughout 13 states. By the early 1920s, there was a total of 197 stores from
coast to coast. By 1971, there was a total of 1660 J.C. Penney stores. In 1917,
he decided to step down from being the company's president and at the age of
42, he became the Chairman of the Board of the corporation. On December 26,
1910, James' wife, Berta, died of pneumonia. In 1916, James met his second
wife-to-be, Mary Hortense Kimball but in 1924, she died suddenly and left him
alone to raise thier son. In 1925, in her memory, he founded the J.C. Penney
Foundation. It helped out agencies related to youth services, adoption
agencies, guidance centers, libraries and schools. James then established a
community for farming and named it Penney Farms in 1923, built especially for
farmers to work and live until they were able to stand on their own. Nearby, he
built a center for retired ministers, church workers and their families and
dedicated it to his parents. James married a third time in 1926 to Caroline
Bertha Autenreith. She bore him 2 children, Mary Frances and Carol Marie.
During the stock market crash in 1929, he lost the J.C. Penney Foundation.
After he recovered from this devastating loss, he was able to rebuild his
foundation and in 1956, he released the James C. Penney Foundation to the
world. On December 26, 1970, James fell in his apartment on Park Avenue and he
suffered from a broken hip. Not long after this, he suffered a heart attack and
died on February 12, 1971.