Word: sheaffer
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Dates: during 1990-1999
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Scott Pose, Jeff Conine, David Nied and Orestes Destrade. Danny Sheaffer, Vinny Castilla and Jim Tatum. Steve Decker, Alex Arias and Rich Renteria...
Depressed towns like Fort Madison (pop. 11,200), the original home of the Sheaffer Pen Co., are nevertheless willing to gamble on their future. The town has already known its share of heartbreak. In 1976 lightning struck the local J.C. Penney outlet and burned it down; it was never rebuilt. Through the 1980s, the town's largest employers -- Sheaffer and Chevron -- staged devastating layoffs. Although citizens liked to boast that Fort Madison was "a place where you can raise kids," many drifted away; since 1987 the town's tax base has dwindled 20%. To attract Goldstein and his $10 million...