Beautiful engraved RARE specimen certificate from the Goodyear Tire & Rubber Company
dated 1978. This historic document was printed by American Bank Note Company and has an
ornate border around it with a vignette of two allegorical men and a tire around a globe. This item has the printed signatures of the Company's President and Secretary and is over 29 years old.
The Goodyear Tire and Rubber Company was founded in 1898 by Frank Seiberling. Today it is the third largest tire and rubber company in the world after Bridgestone and Michelin. It manufactures tires for street automobiles, race cars, airplanes, and heavy machinery. In addition it makes rubber hoses, shoe soles, and parts for electric printers.
Although the company was not connected with him, it was named in honor of Charles Goodyear. Goodyear invented vulcanized rubber in 1839.
Goodyear is known throughout the world because of its famous Goodyear Blimps. For many years it maintained an aerospace subsidiary, first named Goodyear Aircraft Company and then after World War II renamed Goodyear Aerospace Corporation. The subsidiary was sold in 1987 to Loral Corp., in the aftermath of Sir James Goldsmith's greenmail attack.
The last major restructuring of the company took place in 1991. Goodyear hired Stanley Gault, former CFO of Rubbermaid inc, to expand the company into new markets. The moves resulted in 12,000 employees being laid off.
1898 production begins in with 13 workers, manufacturing bicycle & carriage tires, rubber pads for horseshoes, & poker chips.
1901 Seiberling offers racing tires to Henry Ford to help him get started in automobile racing.
1908 Ford's Model T is outfitted with Goodyear tires.
1909 builds its first aircraft tire.
1911 constructs its first airship envelope.
1917 produces airships & balloons for the U.S. military during World War I
1919 tires on the winning car at the Indianapolis 500.
1922 facing a growing economic depression Goodyear stops race tire
1926 world's largest rubber company.
1935 purchases competitor Kelly-Springfield Tire
1942 awarded contract to make Corsair fighter planes for the US military.
1956 Goodyear-operated U235 atomic processing plant opens in Ohio (USA)
1958 attempting to counter a "stodgy" marketing image, Goodyear officially
1969 annual sales top $3 billion USD as a result of significant expansions
1974 annual sales reach $5 billion USD, now has facilities in 34 countries
1978 announces that an idle Akron tire plant will be converted into a $75
million USD Technical Center to support research & tire design efforts
1979 Goodyear Aerospace produces the MPP computer, a massively parallel
supercomputer, for NASA's Goddard Spaceflight Center
1982 Goodyear' tires appear in the motion picture The Junkman with H.B.
1984 worldwide sales exceed $10 billion USD
1986 Sir James Goldsmith & investment group Hanson initiate a takeover
attempt by purchasing 11 percent of outstanding Goodyear stock
1987 in order to fend off the Goldsmith takeover & prevent other attempts,
Goodyear completes a massive restructuring, selling subsidiaries and closing
1987 announces completion of a California to Texas "All American" oil
1988 announced plans to begin construction on a new state-of-the-art tire
plant in Napanee, Ontario, Canada for a cost of $320 million.
1990 sales top $11 billion USD.
1994 opens an "electronic store" on the CompuServe network
1999 sets up Goodyear Dunlop joint venture in Europe with Sumitomo Rubber.
2001 Injection molding will be the breakthrough technology for tire-
building, according to John Jentgen, head of manufacturing at Goodyear's
Colmar-Berg factory. By injection molding the bead package, Goodyear is able
to assemble and partially cure a number of different compounds into an easily
handled component. This package streamlines the tire assembly process and
allows for greater precision in the design of tires since layers of rubber and
reinforcements no longer are subjected to bending forces around the bead in
the curing press
2003 Goodyear Great Britain Head office at Wolverhampton ceases car tyre
2004 launches Assurance Tire with "Triple Tred" technology for any weather
conditions for cars
2005 launches Wrangler & Fortera Tires with "Silent Armor" Technology &
2005 launches Fortera Tires with "Triple Tred" technology for SUVs
2006 launches Eagle Featuring ResponsEdge Technology
2006 names McCann Erickson in NYC, agency of record
2006 ceases car tyre production in the UK with the closure of its Washington
2006 Goodyear workers in the U.S. and Canada go on strike
2007 Goodyear workers go back to work after strike ends. As part of the negotiations to end the strike, Goodyear agreed to drastically reduce its operations in Valleyfield, Quebec
No Firearms Corporate Policy
Recently customers have noticed a "no firearms allowed" sign posted on the entrance doors to all Goodyear stores. The official response from the company is as follows:
In an effort to ensure the safety and security of our associates and customers, we have a clear company policy regarding weapons in the workplace. The Goodyear Tire and Rubber Co. prohibits all persons who enter Company property from carrying a handgun, firearm, or prohibited weapon of any kind onto the property regardless of whether the person is licensed to carry the weapon or not. Exceptions apply to on-duty law enforcement personnel. This policy applies to all Company employees, visitors, customers, and contractors on Company property -- including our Company-owned stores. All Company properties have received a decal or sign referencing this policy, and have been instructed to post it.
The policy also restricts off-duty officers of the law from carrying a firearm into the store as well.
History from Wikipedia and OldCompanyResearch.com.
Specimen Certificates are actual certificates that have never been issued. They were usually kept by the printers in their permanent archives as their only example of a particular certificate. Sometimes you will see a hand stamp on the certificate that says "Do not remove from file".
Specimens were also used to show prospective clients different types of certificate designs that were available. Specimen certificates are usually much scarcer than issued certificates. In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. In a few instances, Specimen certificates we made for a company but were never used because a different design was chosen by the company.
These certificates are normally stamped "Specimen" or they have small holes spelling the word specimen. Most of the time they don't have a serial number, or they have a serial number of 00000. This is an exciting sector of the hobby that grown in popularity over the past several years.