PROHIBITION Pabst Corporation TREASURY Stock Certificate SIGNED by Fred Pabst Jr

Description

- Pabst Corporation PROHIBITION ERA Stock Certificate-
- 1923 TREASURY Stock SIGNED by FRED PABST Jr. -
RARE,
Pabst Corporation Stock Certificate from the PROHIBITION ERA (1920 – 1933)
issued for
TREASURY STOCK
(50 shares) in the company.   Certificate is
authentically SIGNED by Fred Pabst Jr.
(as PRESIDENT) and by Edward Loebl (as SECRETARY) on the FRONT of the stock.   The certificate is
dated
June 13th 1923
, and there is an embossed corporate seal (Pabst Corporation / Milwaukee, Wisconsin) in the lower left corner of the stock.
PABST CORPORATION
was organized in December of 1920 as a necessary consequence of the passage of the 18th Amendment to the U.S. Constitution – which prohibited “the manufacture, sale, or transportation of intoxicating liquors” within the United States.  As a result, the Pabst Brewing Company was dissolved and two corporations were established in its place – the “Pabst Corporation” and the “Pabst Realty Company”.  The “Pabst Corporation” was to facilitate the production and marketing of all non-alcohol operations, while the “Pabst Realty Company” was to manage the former Pabst Brewing Company real estate.
With the prospect of repealing prohibition unlikely, Gustave Pabst resigned as President of the Pabst Corporation after only one year to head the realty company.  His brother Fred replaced him as President and assumed the unenviable task of leading the former brewery through Prohibition
.  In 1923, the Pabst Corporation acquired the “Sheboygan Beverage Company” to help continue soft drink and Pablo production.  That same year, Fred sold the cheese division of his Pabst Farms to the Pabst Corporation.  While the cheese was still made at the Pabst Farms, the cheese was aged in the cellars of the former brewery.  The cheese business thrived during Prohibition and was sold in three forms – Pabst wonder process cheese, pasteurized package cheese, and the more successful Pabst-ett (a product similar to Velveeta).   Other ventures were tried during Prohibition as well with varying success, including the production of non-alcoholic beer, tonics and malt syrups, and bottled water.  By 1932, support for Prohibition had waned and Pabst made preparations to get back into brewing beer.  The cheese operations were disbanded in 1933 with the end of Prohibition and sold to the Kraft-Phenix Cheese Company.  It was also Pabst Corporation’s good fortune to have purchased the Puritan Malt Extract Company in January of 1930, as two years later it was approached by the Premier Malt Products Company of Illinois with a proposal to merge the two companies.  The merger was completed on October 28th 1932 and the new company was called the Premier-Pabst Corporation, with Harris Perlstein chosen President of the combined entities.   After the repeal of Prohibition, the demand for Pabst Blue Ribbon beer was tremendous and the Premier-Pabst Corporation was back in the business of making beer.  In December of 1938, however, the company name was changed again, back to the Pabst Brewing Company.
FREDERICK PABST JR.
(1869 – 1958)
was the son of Captain Frederick Pabst.  He succeeded his brother Gustav as President of the Pabst Corporation.  Fred Pabst Jr. established Pabst Farms in Oconomowoc, Wisconsin in 1906 and helped the Pabst Brewing Company diversify into other areas of production such as soft drinks, cheese products, malt syrup, whole milk spread, etc.
CONDITION:
stock certificate measures about 8 ¾ x 13 ½ inches in size, including the original stock book stub affixed along the left border.  Stock is in EXCELLENT overall condition with a dark signature by Pabst.  There are two vertical folds, but NO rips or tears.  Stock has some customary punch hole cancellations along the bottom, which affect a couple letters in Fred Pabst’s autograph.   The stock book stub attached to the stock certificate has a jagged edge along the stub’s left border (see SCANS).
The
signature / autograph of Fred Pabst Jr. is guaranteed authentic
.   Winning bidder to pay
for shipping, postage & INSURANCE
.   Please let me know if you have any additional questions.
PLEASE READ:
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