Stauffer Chemical Company
Stauffer Chemical Company
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- Inventory on the way
Product Details
CompanyStauffer Chemical Company
Certificate Type
Subordinated Debenture Bond
Date Issued
1960's and 1970's
Canceled
Yes
Printer
American Bank Note Company
Signatures
Machine printed
Approximate Size
12" (w) by 8" (h)
Images
Representative of the piece you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
The company was founded in 1885 in San Francisco as a partnership between two young Europeans; a German, John Stauffer, Sr., and a Frenchman, Christian de Guigne. Ships exporting wheat to Europe used stone from the chalk cliffs of Dover as ballast. This discarded ballast became the inexpensive raw material for the newly formed company. The company was incorporated by John Stauffer, Sr., who died on March 4, 1940 at the age of 78.
In 1931, the company announced plans for a new manufacturing subsidiary, the Pacific Hard Rubber Company.
Hans Stauffer, nephew of founder John Stauffer, Sr, who joined his uncle at Stauffer Chemicals in 1920 and who retired as president in 1967, died in 1986.
In one of the largest financial fraud cases in American history (at the time), the U. S. Securities and Exchange Commission (SEC) found that the Stauffer Chemical Company - a company now heavily involved in the American seed industry, agricultural chemicals, and plant biotechnology - used improper accounting methods to inflate its profit by $31.1 million in 1982, a fraudulent 25 percent increase. Stauffer agreed to issue new financial reports for 1982 and 1983, showing sharply reduced profits, and the company signed a consent degree in federal court agreeing not to violate SEC regulations in the future. SEC spokesman Chiles Larson said of the Stauffer finding, "This is one of the more significant financial fraud accounting cases the commission has brought in recent years. These numbers are pretty gross, both in terms of the size and in terms of the offense... When people start cooking the books, it's pretty serious stuff. Those numbers are something that people rely upon."
I guess “cooking the books” was a buzz phrase even some 30 years ago!
Related Collections
Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
FAQ
Are the certificates offered on your site genuine or reproductions?
All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
Are the images presented in your product listings of the exact piece I will receive?
It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.
How will you ship my order and how much do you charge?
We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.
Can I return my purchase?
Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
Shipping Information
If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
As soon as your order is shipped you will receive your tracking information via email.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
Returns
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.