1974 Horatio Alger Award Winner
"Giving a helping hand to those who need it most is gratifying and humbling."
Norman Stone was born into a poor Chicago family shortly after the turn of the century. In his youth, he delivered papers, turning most of his weekly 50-cent salary over to his mother to help support the family. At age 13, he dropped out of school and worked as a messenger for Western Union for $4 a week. At age 15, he became a messenger at Sears Roebuck for $6 a week. Transferred to the office systems department at Sears, he devised a more efficient way of handling the mail and was promoted to head office boy, earning $8 a week by age 17. In 1926, he went into business with his ailing father as a jobber of paper and twine, founding the Stone Container Corporation. Established with only $750 in capital, the new company had sales of $68,000 the first year. The Stone Container Corporation expanded to annual sales of more than $200 million in 1974 and was listed on the New York Stock Exchange.* Deceased