Word: sheaffer
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Boosting its semi-annual profit-sharing payments to 17.5% of each ordinary employe's wages, W. A. Sheaffer Pen Co. last week told its stockholders their dividends might not be so large if their profit sharing were less generous. Wrote President Craig Royer Sheaffer: "The fact that we can do the largest business, report the largest profits and pay the largest dividends is proof, we believe, that our system, of which the profit-sharing plan has become almost an integral part, is successful-not only from the viewpoint of the employe but the stockholder as well." Last year...
Married. Richard D. Chapman (see below), and Eloise Geist Sheaffer, 34, Philadelphia sportswoman; in Montgomery, Ala., second day after Chapman's divorce; his third, her second...
...more radical." Conspicuous at the banquet board as he passed the olives was the handsome, flowing stock of Mohawk Carpet Mills Chairman George W. McNeir (see cut). Other business Congressmen were du Pont's President Lammot du Pont; Atwater Kent's A. At water Kent; W. A. Sheaffer Pen's W. A. Sheaffer; Kohler Co.'s Walter J. Kohler; Publisher Bernarr ("Body Love") Macfadden; Adman Bruce Barton; Camelman S. Clay Williams; Kodakman William G. Stuber; Soapman Richard R. Deupree: Woolman Lionel J. Noah; President Robert E. Wood of Sears, Roebuck & Co.; President Ray Wantz of Rockford...
Soon money began to pour into Walter Sheaffer's ink-stained hands. His crowning achievement was an $8.75 Lifetime pen, introduced in 1921. It was the first standard high-priced fountain pen launched on what had always been a low-priced market. Next Walter Sheaffer streamlined his pens. Then in quick succession he introduced the Sheaffer desk set with universal socket (which seals the tip of the pen and keeps it moist), the Feathertouch nib, the special Sheaffer pencil which "propels, repels and expels the lead," the Sheaffer Vacuum-Fil pen. By 1929 the company's gross sales...
Depression was hard on the fountain pen business. Sheaffer had a $676,000 deficit in 1933. Common dividends stopped. Business improved the following year and for the fiscal year ending Feb. 28, 1935 the company announced a net profit of $442,000. Last week Sheaffer Pen celebrated Walter Sheaffer's 68th birthday by moving up from the New York Curb Exchange to the New York Stock Exchange, listing 162,355 shares of common stock on which the dividend ($1) was resumed last March. Said portly, affable President Sheaffer: "Business is satisfactory, very satisfactory...