Showing posts with label Perfect Point. Show all posts
Showing posts with label Perfect Point. Show all posts

Friday, April 16, 2021

Checking Off All the Boxes

This article has been included in The Leadhead's Pencil Blog Volume 7, now available here.


If you don't want the book but you enjoy the article, please consider supporting the Blog project here.

Note:  this is the third part of a series.  If you landed here directly, part one is posted at https://leadheadpencils.blogspot.com/2021/04/perfect-on-third-try.html.

As mentioned earlier, the sudden, inexplicable demise of the Perfect Point pencil is like a century-old murder investigation.  Something catastrophic must have happened in order for Stull-Boylson to collapse just as it appeared the Perfect Point was rocketing in popularity.  Did the Attleboro firm that made the pencils obstruct Stull-Boylson’s efforts to start making the Perfect Point on its own?  Did the Wahl Company, makers of the “Perfect Point Eversharp” engage in a Trojan Horse operation to get control of the company, only to kill it off?  

Now that I’ve dug around trying to find out who was making the Perfect Point, as well as the Acme, I’m firmly convinced it wasn’t a murder at all – both the Perfect Point and the Acme, I believe, were simply collateral damage.  

The first clue I found as I searched for Attleboro pencil manufacturers was a curious reference:


In the February, 1922 edition of The Metal Industry, under “Verified News” a firm named “American Metals Company,” “busy manufacturing gold and silver pencils and other metal novelties,” had packed up its stakes and left Attleboro, Masachusetts, relocating to Janesville, Wisconsin.  

That can’t be random, I thought. There is only one logical reason for anyone in the writing instruments business to move to Janesville: The Parker Pen Company.

I’ve described Parker’s entry into the mechanical pencil business as an “Oh Crap” moment: after decades of ignoring mechanical pencils as companions to the company’s pens, Parker realized by 1921 that Sheaffer and Wahl had come out of nowhere to command a significant market share at Parker’s expense.  Pencils were no longer a point of distinction among manufacturers, an extra that could et a company apart from the pack.  Pencils had become a point of parity, and any company that wasn’t offering them by 1921 was falling behind.  

Parker had recognized that it needed to do something to maintain its position as a market leader, and with the onset of the 1921 mini-Depression, it needed to do something quick.  Did Parker reinvent the wheel, developing its own pencil and all the equipment and expertise it needed to make them on a large scale overnight?

No.


On June 4, 1921, the Janesville Daily Gazette reported that Janesville would soon be the production center for a new mechanical pencil to be made by the American Metals Company, “associated with the Parker Pen Company of this city.”  The article states that production “in the eastern plant” was under the direction of J.S. Gilman, but all of the machinery would be relocated to Janesville and installed on the fourth floor of Parker’s new building by the beginning of 1922.

Although the article states that American Metals Company was a new company, incorporated for $100,000, it stops short of stating that it was incorporated by Parker representatives.  A short piece in The Capital Times (Madison, Wisconsin) on June 7, 1921 stated that American Metals “will be associated with the Parker Pen Company,” suggesting that Parker was in the process of purchasing an ongoing concern:


The Janesville Daily Gazette reported on September 24, 1921 that Parker’s new pencils “are now being manufactured in Attleboro, Massachusetts”:


On October 15, 1921, The Janesville Daily Gazette indicated that the pencil was on the market as of that week and 5,000 pencils had been presold “without even a sample to show.”  The article further states that American Metals Company was, at least by that time, a wholly owned subsidiary of Parker:


I haven’t been able to find evidence concerning when the “American Metals Company” was established, or by whom.  Another “American Metal Company,” from New York, was one of the largest American smelting companies – it was broken up during World War I when it was discovered that controlling interests in that company were owned by German companies, which used American Metal to divert American metallurgical products for use in the German war effort.

Even if we were to assume that Parker set up all the machinery and equipment to make pencils from scratch, Parker wouldn’t have set everything up in distant Attleboro, only to move its new company to Janesville just a few months later.  There are two possibilities:  either American Metals Company was already in existence and Parker bought it, or Parker set up a new company for the purpose of buying some other existing business.

That suspicion is further supported in Parker’s 1923 catalog, a copy of which resides in the Pen Collectors of America’s library.  The catalog illustrates pencils in “triple plate,” sterling, gold filled and green gold filled:


Note the introductory text, in Parker’s own words:


If Parker’s pencils were “in the process of development and refinement for a period of two years before being first offered to the public for sale,” that means development and refinement started in 1919 – and there’s no evidence Parker was seriously considering making pencils prior to 1921.

The addition of the American Metals Company to the Parker story explains something else about Parker’s entry into the pencil business: I reported Parker’s patent for what would become Parker’s “Non-Clog” (later “Lucky Lock”) pencil in American Writing Instrument Patents Vol. 2: 1911-1945:


The patent, number 1,632,371, took an unusually long time to be issued.  The inventor was George Washington Gilman – of Attleboro, Massachusetts, and doubtless a relative of the “J.S. Gilman” whom Parker reported was supervising pencil manufacturing in Attleboro.  It was applied for on November 7, 1921 and was assigned, “by mesne assignments,” to Parker when it finally issued on June 14, 1927.


“Mesne assignments” means there was at least one intervening assignee, probably American Metals Company – that would make sense, because Parker likely absorbed and dissolved American Metals by 1927.

Gilman patented two other innovations, both of which issued more quickly and both of which were assigned to American Metals Company.  The first, patent 1,442,720, was for a price marker band, applied for on July 5, 1922 and issued on January 16, 1923.  The text indicates it was made of metal “or other resilient metal,” clipped around a pencil or pen and removed at the point of sale for reuse:


The other was for the familiar clip found on Parker Lucky Lock pencils: Gilman applied for patent number 1,468,562 on September 1, 1922, and it was issued September 18, 1923:


A few early Parker pencils made by American Metals Company have worked their way into my collection.  In ringtop configuration, I’ve found two sizes not shown in Parker’s catalogs: an extra short model, and an extra thin one:



All but one are stamped below the cap; the short stubby example has the stamp on the cap:


That example also includes an additional “Made in USA” imprint, suggesting slightly later production


Side clip models track what is shown in Parker’s 1923 catalog, in two sizes:


It’s a real shame the clip is broken on that sterling example - that pattern, like undulating waves, isn’t shown in the catalog.


I look at these pencils now with a fresh set of eyes.  Last fall, Wayne Bagley asked me to have a look at a Lucky Lock pencil of his that wasn’t working.  After a bit of fiddling, I figured out how to extract the mechanism and replace it with one I had on hand:


I need to find Wayne’s broken mechanism, so I can further dissect it and compare its components to the Acme – I know that I kept it, but finding it is like roaming a vast junkyard.  I’m sure that when I find it, I’ll also find undeniable similarities: all bells and whistles aside, at the core of a Lucky Lock pencil is that same propel-repel device I found inside the Acme.

History floats to the surface when seemingly random facts are put in order.  When I overlay the Parker, Perfect Point and Acme stories, a seamless version of events emerges:

1.  Jacob Stull invents the Perfect Point sometime prior to June of 1919, when he applied for his patent.  He becomes associated with E.J. Boylson of Attleboro, Massachusetts, who arranges for a firm in Attleboro to manufacture Stull’s new pencil.  I believe that firm was owned by George Washington Gilman and J.S. Gilman – maybe it was called “American Metals Company,” but maybe it was called something else.

2.  Stull-Boylson was a customer of the Gilmans’ “eastern plant,” but the arrangement was not exclusive.  In addition to manufacturing “Perfect Point” pencils, the Gilmans manufactured Acme pencils for jewelry wholesaler Max J. Averbeck using much of the same machinery, but with internal differences developed independently by George Washington Gilman that differentiated the Acme, so that it didn’t infringe on Stull’s patent.

3.  At the same time, George Washington Gilman was  developing another pencil design, which would ultimately become the Lucky Lock.  

4.  The Parker Pen Company decided to offer mechanical pencils to accompany its pens – Parker claimed that decision was in 1919, but it was probably in 1921, due to market pressures exacerbated by the 1921 Depression.  Parker didn’t want to start from scratch (and didn’t have time to do so), so the company approached the Gilmans and become interested in acquiring the Gilmans’ company, including the new design George was developing.

5.  By mid-1921, Parker announces that it will become affiliated with American Metals Company, and plans are announced to relocate American Metals from Attleboro to Janesville by the beginning of 1922.  By the end of 1921, American Metals is a wholly-owned subsidiary of Parker; it is unclear whether Parker purchased the company from the Gilmans, or whether it was established by Parker as a standalone company.

6.  At the beginning of 1922, American Metals relocates to Janesville as planned, and its machinery and equipment are installed on the fourth floor of the Parker Pen Company’s new building.

7.  The Gilmans, either through American Metals or through some other company, may have continued to manufacture Perfect Point pencils as the company transitioned to Janesville, but it became increasingly impractical (not to mention awkward) as Parker took over the company.  The Gilmans ceased production of the Acme, and Averbeck is “out of business” as far as pencils are concerned.

8.  Stull-Boylson had no manufacturing capability of its own, and unlike Parker, it had to start from scratch now that the Gilmans’ firm and equipment had become Parker property.  Stull-Boylson scrambled to raise capital in September, 1922, and E.J. Boylson went to Attleboro in October, 1922 to attempt to acquire the machinery, equipment and expertise to continue production of the Perfect Point.  The effort failed, and Stull-Boylson “retired” from the business by mid-1923: the company sold all its remaining stock to a local bookstore and collapsed.

I look at Perfect Point and Acme pencils from a different perspective now, because I think Parker counted the time during which the Gilmans were making Perfect Points and modifying Stull’s design into the Acme as Parker’s two years of “development and refinement” of what would become the Lucky Lock pencil.  Viewed in this light, while the Perfect Point and Acme were independent products with their own separate histories, they are rightly seen as evolutionary steps in the development of Parker’s “Lucky Lock” pencils.

Wednesday, April 14, 2021

Perfect on the Third Try

This article has been included in The Leadhead's Pencil Blog Volume 7, now available here.


If you don't want the book but you enjoy the article, please consider supporting the Blog project here.

One of the items that I received from Don Jacoby’s collection was this little gem - I knew what it was without reading the imprint:


I’ve only seen those floral bands at the top and bottom of the barrel, with another floral band running diagonally between them, in two other places . . . 


. . . that is, on the two other examples I have of this same pencil:


These are all marked “Perfect Point”:


The top example is the one that caused me to explore the history behind this brand during the first year of the blog (Volume 1, page 334).  The Perfect Point was the flagship product of the Stull-Boylson Company of Fremont, Ohio (he said, swelling as I did in Volume 1, with Buckeye pride).   

Jacob Henry Stull, of Fremont, Ohio, applied for a patent for the Perfect Point on June 19, 1919, and it was granted December 7, 1920 as number 1,361,115:


The drawing shows why my other two examples aren’t working.  The example from Volume 1 is missing the propelling rod, and the second one that limped into the museum is missing . . . well, pretty much everything inside:


I was thrilled to find that Don’s example is in working condition. What made the Perfect Point special was a truly elegant design: the pushrod and screw drive is just a single piece of wire, wrapped around the inner tube to engage threads inside the barrel:


The Perfect Point was offered in a wide range of varieties during its short but spectacular run.  The short models are typically ringtops, with a distinctive bail over the top crown.  Very rarely, short models with clips turn up:


Then there are the longer models, which cut a commanding presence equal to anything the best pencil manufacturers were offering at the time:


“The Pencil That’s Always Sharp,” the box lid at bottom states.


The green gold example with price tag indicates that the Perfect Point was a luxury item, with a $6.00 price tag that exceeded the cost of a Parker “big red” Duofold at the time:


The fact that these were so well made, and so many have survived, led me to retrace my steps and see what happened to the Stull-Boylson Company to cut short the brand’s life.  Formation of Stull-Boylson was announced in the Fremont News Messenger on June 23, 1919:


Several local men were the incorporators, but the three officers were Jacob Henry Stull, President; E.J. Boylson, “formerly of Cincinnati,” Vice President, who is described as having years of experience and who also “is interested in several other patents recently granted to J. H. Stull.”  The new company’s secretary and treasurer was local attorney M.G. Thraves.  The Perfect Point was Stull’s only writing instrument patent; his other patents related mostly to improvements in railroad cars and equipment.

Perfect Point pencils were available by mid-1920.  The first mention I found was when they were made available locally by Druggist H.W. Birkmier, who advertised them in the News-Messenger on June 1, 1920:


By 1921, Stull-Boylson had engaged in a national advertising campaign to promote the new pencils.  This advertisement is from the Oxford (Kansas) Register on September 8, 1921:


Stull-Boylson, as the initial account of its formation indicates, was only “marketing” the Perfect Point pencils.  They were actually being made in Attleboro, Massachusetts - the heart of jewelry production in the United States.  E.J. Boylson was Stull-Boylson’s Attleboro connection: that “formerly of Cincinnati” bit from the initial announcements of the company’s formation was added just for a little all-Ohio flair.

What isn’t clear is whether Boylson was affiliated with some other manufacturer which made Perfect Point pencils for Stull-Boylson, or whether Stull-Boylson had set up its own machinery and equipment in Attleboro to make the pencils itself.  I haven’t found any evidence to confirm the latter, so I’m suspecting the former.

By late 1922, as demand for the Perfect Point pencils was taking off on a national scale, there was a shift in whatever this Attleboro-Fremont arrangement was, and Jacob Stull and E.J. Boylson began making plans to bring its manufacturing operations in-house and integrate them with the company’s executive offices.  They chose Lima, Ohio, some 80 miles southwest of Fremont, as a suitable location.  

On September 6, 1922, the Lima (Ohio) Gazette and Republican published an announcement that Stull-Boylson was considering locating there, “If Lima citizens subscribe $50,000 of the $200,000 capital stock.”  In the article, A.E. Stull is named as the company’s president, replacing the inventor of the pencil, Jacob Henry Stull:


In order to further fan the flames of interest, Stull-Boylson begin advertising in the paper on September 15, 1922:


The stock offering – according to Stull-Boylson representatives – was an immediate, runaway success.  Just a month later, on October 15, 1922, the Gazette and Republican announced that $50,000 in local investment had been secured, a site for a new factory had been purchased on Water Street, and the company was relocating to Lima.  Plans must have been in motion well in advance of the September stock offering, since the article provides specific details concerning the planned factory, which would measure 50 by 200 feet with three sides made of glass.   “[T]he first story of the building will be completed and the plant [will be] in operation by mid-December,” the report indicates . . . 


. . . MAYBE.  There’s a few curious details in this news story that suggest something more was afoot.  First, the report states that the “Perfect Point Pencil company” (that’s “company” with a lowercase “c”) was relocating to Lima – maybe that was shorthand, since people in Lima might not have associated Stull-Boylson with the pencil’s brandname, but it might also indicate that a new company separate and distinct from Stull-Boylson was being set up for a fresh, new venture . . . rankling local investors who had so recently been enticed to invest in Stull-Boylson.

Second is the activities of E.J. Boylson detailed in the report.  He was in town to consult with the architects about the new factory when the account was published, but at the end of the article, the story states that “Boylson will leave Lima this morning for the east where he will purchase machinery which will give the local plant five times the capacity of the Attleboro plant, it is said.”

What followed was an almost immediate implosion of the company.  On December 12, 1922, notice was published in the Gazette and Republican that Stull-Boylson had applied to amend its Ohio securities license so that it could deal in its own securities, rather than going through A.A. Meggett, the company’s agent of record:


Then, just six months later, McAllister’s Book Store in Fremont, Ohio published a large advertisement in the News-Messenger announcing that it had purchased “the stock of the Stull-Boylson Mfg. Co., who are retiring from the manufacturing business.”


The collapse of Stull-Boylson now takes on the characteristics of a century-old murder mystery.  Who killed the company, just as its coffers were full of fresh capital and the fortunes of its flagship product were on a meteoric rise?   All of the scenarios are fascinating.

1.  Perhaps the company made a huge gamble and overextended itself - if the $50,000 capital drive didn’t really succeed, contrary to Stull-Boylson’s statements, that might explain why Stull-Boylson wanted to fire its stock agent.

2.  If Stull-Boylson was having an unknown Attleboro firm make its pencils, that manufacturer might have refused to sell the company the equipment it needed to put itself out of business – or even used its connections to prevent those from whom it acquired those machines from selling to him.

3.  Jacob Stull’s replacement as president suggests there may have been internal struggles that brought down the company.

4.  Maybe the stock offering to local investors invited a Trojan Horse takeover.  A century ago, Lima, Ohio was primarily an agricultural center.  Where would $2 million (in today’s dollars) in local investment have come from?  While the report indicated stock was offered only to local investors, it would be easy for someone else – someone with a motive to kill off the company – to quietly finance the acquisition of a controlling interest in Stull-Boylson and use that position to quietly and legally put an end to it.

I have two likely suspects.  The less likely of the two would be whatever shadowy Attleboro firm was making the Perfect Point before the company decided to do its own thing rather than have someone else do it for them.  

The reason I believe that is less likely is that there would be no financial incentive: sure, they might have quoted a buttload of money for the machinery, and they might have obstructed the company’s efforts to leave.  However, after the decision was finally made to terminate whatever relationship ended, the only motive remaining would have been revenge, sort of a “if we can’t have you, nobody can have you.”  No businessman – particularly any businessman answering to their own investors – would commit that sum of money just to quelch an outgoing customer like a spurned lover.

A more likely culprit, if this is what happened, would be Wahl Eversharp.  I previously noted how that Perfect Point box lid, with its “Always Sharp” tagline, might have been playing things close to the line in going head-to-head with the pencil giant.  However, the company was actually well over the line, just by adopting the name “Perfect Point,” even if it was in quotes on the pencil’s imprints.   Shortly after Wahl entered into the pen and pencil business, stationer advertisements across the country touted the Eversharp in company-supplied language: as “The Perfect Point Eversharp”:


Wahl would have had a legitimate business reason to squelch an up-and-coming new pencil company, which was capitalizing on a name Wahl used extensively in advertising, but never registered as a trademark.  How much would Wahl invest to gain control and then quietly kill a rival? 

We know Wahl spent the equivalent of $1 million in today’s money to purchase the Boston Fountain Pen Company.  Throwing another million or so to gain control of something that might be a real threat to their investment?  That might not have been seen as throwing good money after bad.

As I investigated all these possibilities, though, a much more likely scenario took shape – the possibility that Stull-Boylson and the Perfect Point were simply collateral damage in a much bigger game.  The first step in establishing the perfect storm that ended the Perfect Point is to have a closer look at the Perfect Point’s nearest relative: the Acme.

Wednesday, March 6, 2013

Hey . . . Wait A Minute

Back on September 10, 2012, I wrote an article about the origins of the "Perfect Point" pencils, which I’d learned were made by the Stull-Bolyson Company of Fremont, Ohio (see https://leadheadpencils.blogspot.com/2012/09/a-perfect-end-to-story.html). I made an offhand comment, towards the end of the article, that the "Acme" pencil was the Perfect Point’s identical twin:


Now that I’ve found this one in an online auction, I’m more inclined to call them cousins, rather than twins:


To learn more, this full article is included in The Leadhead's Pencil Blog Volume 2, available at Amazon, Barnes & Noble and everywhere else you buy books, or you can order a copy signed by yours truly through the Legendary Lead Company HERE.



Monday, September 10, 2012

A Perfect End To The Story

Here’s a beautiful little pencil that turned up at the Springfield Antique Show.

This is a "Perfect Point" (and yes, the name is in quotations) . . .

NOTE:  This article is now included in the print version of The Leadhead's Pencil Blog, available anywhere you buy books, or also from The Legendary Lead Company.

To order, here's the link:  Volume 1 at Legendary Lead Company