Vending is Recession Proof
Turning Pennies Into Dollars
The following was written in the early 1900s...
P.K. Wrigley, son of Wm. Wrigley, Jr., the spearmint gum man,
has a staff of
11 men whose only business is to keep Wrigleys earnings and profits
invested and out of banks. It seems that he is not very well pleased with his
past bank experience. It also seems that they have a hard time finding three
good safe investments.
So, a short time ago, he took matters into his own hands and
purchased four
hundred fifty thousand more short slab one cent selective gum vendors, to be
placed in operation immediately throughout the country. We are informed
that he now has approximately 784,000 penny machines. This was based on
past experience with their own gum vending machines.
Several of his personal friends asked him why he was putting
his money in
penny gum vendors. They seemed to think that he did not know what he was
doing.
His reply was as follows:
If I put my money in real estate, it barely pays me 15%.
Loans have not
been very satisfactory. Bonds are not dependable and the poorest
investment I have, but, my penny gum venders have always paid me 40% on my
investment in both good times and bad times, and I have a standing offer to buy
these with or without locations for more than I paid for them.
P.K. Wrigley, Jr.
Success in Vending...
The Wrigleys Gum Story
| 
