- .. ,.. I J. C. PENNEY COMPANY, INC. 330 WEST 34th STREET, NEW YORK I, N. Y. Janua r y 6, 1955 The Foundation for Economic Education Irvington-on-Hudson New York Gentlemen: Dr . Charles F. Phillips, President of Bates College, Lewiston, Maine, advised me that yo~ people are putting out, in pamphlet form, a talk which he made in Boston on Competition . ' Dr . Phillips made a very similar talk before soMe four hundred of our Penney associates here ·in December ....