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During the 1st part of the 20th century, J. C. Penney presided over a very powerful empire of over 1,700 stores. At the time he had the country’s largest chain of department stores, each one bearing his name.

Although his enterprise made him incredibly wealthy, J.C. Penney’s life was not devoid of setbacks and troubles. In fact, beginning in 1929, events took place that nearly cost Penney his life.

When the Great Depression struck the country, it came at a time of great financial vulnerability for Penney. In the good times, before the Depression, Penney had overextended himself and had borrowed heavily to finance many of his ventures. But when the Depression hit banks began to request repayment of his loans sooner than anticipated. Suddenly cash flow was tight, and Penney was finding it difficult to meet payment schedules. Constant and unrelenting worry began to take a toll. "I was so harassed with worries that I couldn’t sleep, and developed an extremely painful ailment," he said.

Concerned about his deteriorating health, Penney checked himself into the Kellogg sanitarium at Battle Creek, Michigan, (kind of the Mayo Clinic of its era). There, Dr. Elmer Eggleston, a staff physician, examined Penney, declaring that he was extremely ill.

Penney later recalled "A rigid treatment was prescribed, but nothing helped," He was constantly tormented by periods of hopelessness and despair. His very will to live was rapidly eroding.

"I got weaker day by day. I was broken, nervously and physically, filled with despair, unable to see even a ray of hope. I had nothing to live for, I felt that I hadn’t a friend left in the world, that even my family had turned against me."

Alarmed by his rapidly deteriorating condition, Dr. Eggleston gave Penney a sedative. However, the effect quickly wore off, and Penney awakened with the conviction that he was living the last night of his life. "Getting out of bed, I wrote farewell letters to my wife and to my son, saying that I did not expect to live to see the dawn."

Penney awakened the next morning, surprised to find himself alive. Making his way down the hallway of the hospital, he could hear singing coming from the little chapel where devotional exercises were held each morning. The words of the hymn he heard being sung spoke deeply to him.

Going into the chapel, he listened to the singing, the reading of the Scripture lesson, and the prayer.

"Suddenly something happened," he said. "I can’t explain it. I can only call it a miracle. I felt as if...

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