Quaker State Corp. - Specimen Stock Certificate
Inv# SE3677A Specimen Stock
Specimen Stock printed by Security-Columbian United States Banknote Company. Quaker State is an American brand of motor oils, and the Company is owned by Shell, the US-based division of Shell plc since 2002, when Shell Oil Co. acquired Pennzoil-Quaker State Co. for $1.8 billion in cash and $1.1 billion in debt. The former Quaker State Oil Refining Company had been constituted in 1924 after the Eastern Refining Co. acquired rights to the Quaker State brand name to the Phinny Brothers Oil Company, which had been producing the Quaker lubricants since 1912, gaining reputation in the U.S. after a deal signed with automotive manufacturer Franklin in 1914. In 1931, it became the "Quaker State Corporation" after merging with another 18 oil companies. The Quaker State name is derived from the nickname for Pennsylvania, the state founded by William Penn, a man of the Quaker religion. The Pennzoil-Quaker State brands are sold under SOPUS Products with the address of Shell's office in Houston, Texas.
In 1924, the Eastern Refining Company" purchased the Quaker State brand name to rename itself "Quaker State Oil Refining Company". On July 1, 1931, the "Quaker State Corporation" was formed when Charles Pape, stockbroker from Chicago, brought 19 regional oil companies, offering them 55,000 shares in the new corporation that resulted after they merge their business. Some of the companies involved were the Eastern Refining Company, Sterling Oil Company of West Virginia, Ohio Valley Refining Company, Enterprise Oil Company Inc., Independent Refining Company, Lake Erie Lubricants Inc., Iron City Oil Company, Gallagher Bros. Inc., and Appaline Oil Company. Herry Crawford (former president of the 'President Oil Company') become president of the recently formed Quaker State. During its first year, the company ran up $6,8 million in sales. In 1936, the company signed an agreement with the Standard Oil Company becoming its exclusive sales agent for its oil products in 13 Midwestern states. Standard would later put all Quaker State products in its filling stations. Until 1944, Quaker State did not drill oil but it bought crude from other producers, nevertheless the increasing demand for energy during wartime led the company to buy drilling facilities from the Forest Oil Company in Bradford to produce its own crude oil. Read more at https://en.wikipedia.org/wiki/Quaker_State
Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firm’s products. These are usually marked "Specimen" and have no serial numbers.
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