The Profits, on the Other Hand, Are Nothing to Sneeze At
Just after the Civil War, a group in Neenah, Wis., began gathering every night at Leavens' hardware store for a rip-roaring whittling and gossiping session.Among them was a worker at the local paper mill who constantly bragged about his company's success. Finally, a 28-year-old junior partner at the store couldn't take any more of it. He announced that he would open a rival paper mill using a nest egg of $7,500 from Army pay. But nobody else agreed to join him. Undaunted, he hurried across town to the general store. John Kimberly, one of the owners, agreed to join Charles Clark in starting a new paper mill.