Thank you for visiting SNEWPapers!
Sign up free
Domestic News
October 23, 1895
The Advocate
Topeka, Shawnee County, Kansas
What is this article about?
In Omaha, Neb., N. P. Falconer & Company's longstanding dry goods and millinery store closed on a chattel mortgage due to competition from big department stores, highlighting economic pressures on small businesses.
Clipping
OCR Quality
98%
Excellent
Full Text
OMAHA, Neb., October 14.-N. P. Falconer & Company's large dry goods and millinery store was closed on a chattel mortgage this morning. The company has been in business in Omaha a great many years and has been considered one of the most substantial houses in the West. The competition set up by the big department stores is regarded as one of the factors in this failure.
It is thus that our beautiful competitive system continues to wipe out small business enterprises and concentrate everything in the hands of a few men; and still merchants, bankers and business men continue to vote for the perpetuation of a system which renders their own ultimate ruin certain. This prosperity wave must strike each one individually before he can get his eyes open.
It is thus that our beautiful competitive system continues to wipe out small business enterprises and concentrate everything in the hands of a few men; and still merchants, bankers and business men continue to vote for the perpetuation of a system which renders their own ultimate ruin certain. This prosperity wave must strike each one individually before he can get his eyes open.
What sub-type of article is it?
Economic
What keywords are associated?
Omaha Store Closure
Chattel Mortgage
Business Failure
Department Store Competition
What entities or persons were involved?
N. P. Falconer & Company
Where did it happen?
Omaha, Neb.
Domestic News Details
Primary Location
Omaha, Neb.
Event Date
October 14
Key Persons
N. P. Falconer & Company
Outcome
store closed on a chattel mortgage; failure attributed to competition from big department stores
Event Details
N. P. Falconer & Company's large dry goods and millinery store was closed on a chattel mortgage this morning. The company has been in business in Omaha a great many years and has been considered one of the most substantial houses in the West.