“Do you not know that a man is not dead while his name is still spoken?” - Terry Pratchett, Going Postal
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Mac Tools was founded in 1938 as the Mechanics Tool and ForgeCompany by seven men with the common goal to manufacture the finest tools in the world. The first step toward their goal was taken on July 11, 1938, when they signed the Articles of Incorporation, and were officially recognized by the state of Ohio. The state issued 250 shares of no par common stock, of which these men could only afford to subscribe to 55 shares.Nonetheless, they persevered, and elected Ralph McPherson and Otto Tucker as the first President and Secretary of the organization. These two men scraped up all available capital, a paltry $5,000, to secure a building and buy used machinery so they could begin production.