The History of John J. Tokheim (cont'd)
In late 1901, Tokheim
organized as a stock company in Cedar Rapids, IA under the name of The
Tokheim Manufacturing Company, for the purpose of perfecting, promoting,
and marketing his invention, "The Visible Measuring Pump". In
1902 he sold the hardware business and devoted his time to the management
of the manufacturing business. During the next ten years he built the
company into a nationally known business. While operating this company he
invented many useful articles including a naphtha handling system for dry
cleaners, the first known power pump for factory use wherever gasoline or
naphtha was handled, the first known liquid level gauge used extensively
on automobiles to indicate gasoline and oil levels, and a vacuum operated
vinegar, acid and oil dispensing system.
In 1910 two wealthy investors from Ft. Wayne, IN recognized the value of
the thriving business and bought up all of the outstanding stock except
the shares held by Mr. Tokheim. They reorganized the business, placing in
charge some of their own relatives, and in 1911 pushed Mr. Tokheim out.
The Tokheim Manufacturing Company and Mr. Tokheim divided the business in
April of 1911; Mr. Tokheim taking the vacuum dispensing system, the liquid
level gauge, and future "promises" from the new owners. Mr.
Tokheim agreed that the company could continue using the firm name during
the remainder of their incorporation charter, and that during that time he
would not use the name in the same way.
Mr. Tokheim continued his portion of the business under the name of The
Vac Liquid Equipment Company from 1911 to 1915. Now in business for
himself, he began to manufacture and market the Vac system for handling
bulk vinegar and cider, selling it direct to the retail grocery trade. In
December of 1915, The Tokheim Manufacturing Company canceled their
corporate charter with the state of Iowa and Mr. Tokheim changed his
business name to The Tokheim Company.
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