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Pari-Mutuel No. 308

Brand: Ozark Pencil Co.

Made in: USA

Pari-Mutuel is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vig" is removed, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the Tote after the totalisator which calculates and displays bets already made.

About Ozark Pencil Co.

Established in 1911 in St. Louis, Missouri, Ozark Pencil Co. produced a pamphlet in 1928 stating they were the largest manufacturer of advertisement pencils and enameled whistles. According to the St. Louis Star and Times, the company's founder, Harry W. Brewer, was responsible for developing many of the machines and methods for producing pencils in the early 1930s. For example, he invented the first machine used to print two or three colors on a pencil at one time. The Ozark Pencil Co. also produced mechanical pencils and eyebrow pencils. It had a second manufacturing plant in Lewisburg, TN, that was destroyed by fire in 1935 (six employees were severely burned in the fire). Later that same year, Mr. Brewer filed for bankruptcy, but news reports indicated it was for him as an individual and did not involve the pencil company. He died in 1938.