Stauffer Chemical Company
- Only 2 left!!
- Backordered, shipping soon
- Guaranteed authentic document
- Orders over $35 ship FREE to U. S. addresses
- Earn rewards points with every order
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.