The Carolina Stores Company has secured a charter to do business in Monroe and will open about February first in the Bohona Drug Company Building under the local name of the “U-Save-It Store". Mr. Lee Griffin, one of the incorporators, will have charge of the management. The authorized stock is $100,000 with a paid capital of $15,000. The local business will be one of a chain of 2,200 stores under the direction of one buying force, and will be operated on the cash and carry system with no clerks other than a cashier who will be the only necessary employee. Mr. Griffin states that he expects to open the new business about the first of February, and while he will have charge of the business management he will continue to give his time to his present business.
From The Monroe Journal, Tuesday, Jan. 24, 1922
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