Business & Finance: Bounty from Britain

In 1909 the late Frank Winfield Woolworth might well have looked back with pride upon the 30-year history of his store chain. From a single unit in Lancaster, Pa., Woolworth stores had multiplied until in that year they numbered 590. Sales had grown to the startling total of $50,000,000 a year. And with possible sites for stores all over the U. S. Mr. Woolworth might well have faced the future with a justified smugness. Yet in 1909 Mr. Woolworth, a devoted worshipper of Napoleon, showed brilliant commercial strategy by opening a store in Liverpool....