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Born just outside of Raleigh, North Carolina on May 30, 1803, Lunsford Lane exhibited entrepreneurial talent as a child and a determination as an adult to buy his freedom. He is most famous for writing a slave narrative that included descriptions of his business activities while in bondage and his troubles securing his and his family’s freedom.
LFPINC (Lowest Food Prices In North Carolina) was an acronym used successfully by Ralph W. Ketner, co-founder and president of Food Town/Lion, to symbolize his cutting cost theory—lowering prices on all items to sell more products and therefore make a larger profit. By the 1970s, the LFPINC concept revolutionized the supermarket industry.
Until 1868, the Governor was North Carolina's only elected executive. The Constitution of 1868, however, created the office of Lieutenant Governor and provided for the popular election of the office of the Governor and the Lt. Governor, each for four-year terms. In 1970 the Lt. Governorship became full-time and evolved into the only elected post with executive and legislative duties.