Interesting Things That I've Learned About the Packers History

El Guapo

Cheesehead
Joined
Dec 7, 2011
Messages
6,240
Reaction score
1,666
Location
Land 'O Lakes
I'm slowly reading through the Packers history in the new volumes by Cliff Christl. So far one of the more interesting nuggets that I have plucked is about why the Indian Packing Company bankrolled the team. I new that Curly worked there and so did several other players from East HS, but it was the timing of the event. I'll quote the book here:

"The day Indian Packing went public, the NY Stock Exchange firm of Miller & Co advertised it had sold 425,000 shares of Indian Packing Corp. stock. On the first day of trading, Indian Packing shares started at $33, hit a high of $50.25 and closed at $44.....Within 13 days after Indian Packing's stock went public Peck agreed to sponsor the Packers."

The book does describe Frank Peck (President of Indian Packing) to be a generous man in general, but it seems that Curly and George got lucky that the company's stock did so well initially. Kind of like asking your buddy for a loan after he wins big at the casino. Had the stock not shot out of the gates, Peck may not have granted them $500 to start the team.
 
Top