The Crunch

Filene’s Department Store

filenes_ticket

There was a story on NPR today about the closing of Filene’s department store, a Boston institution for over a century. Coincidentally, I had just been reading about the company’s founder, Edward Filene, a self-described “liberal businessman” who, among other things, helped launch the American credit union movement, and played a major role in getting the country’s first Workmen’s Compensation law passed. During the Great Depression, he was one of the few big businessmen to support the New Deal. When it came to paying taxes, he said: “Why shouldn’t the American people take half my money from me? I took all of it from them.” —DB

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