Blue Bird Oil Corporation
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Certificate Details
Product Details
Blue Bird Oil Corporation
Certificate Type
Capital Stock
Date Issued
November 18, 1921
Canceled
No
Printer
Not indicated
Signatures
Hand signed
Approximate Size
11" (w) by 8 1/2" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
The Blue Bird Oil Company was incorporated under Delaware law on February 26, 1921. The company was based in Houston, Texas and was nothing more than a stock swindle with the primary players being Henry H. Hoffman, Seymour Cox and Butler Perryman.
The company's assets were born out of the ashes of about a dozen failed oil concerns, who shareholders were offered shares in the new Blue Bird concern in exchange for their worthless stock. The "reload" technique required the previously burned investors to pay a 50% premium - based on the par value of the stock they turned in - to acquire the new shares. When response was slow, the company went into hard sell mode, touting a gusher on the company's Goose Creek property, and questioning the shareholders courage and conviction.
One of Cox's promotional pitches went as follows...
"Can it be that they (investors) don't understand that I am trying to do something for them? Is it because they are quitters? Do they lack the moral courage and stamina to back up their own judgement?"
Hoffman, Cox & Perryman (and a host of others) all faced fraud charges and were convicted, and the Blue Bird Oil Corporation joined a long list of failed Texas oil schemes