Tag Archives: Samuel Adams

Hymnal that dates to 1640 could fetch $30M at auction

A tiny hymnal from 1640 believed to be the first book ever printed in what is now the United States is going up for auction, and it could sell for as much as $30 million.

Only 11 copies of the Bay Psalm Book survive in varying degrees of completeness. Members of Boston’s Old South Church have authorized the sale of one of its two copies at Sotheby’s Nov. 26.

“It’s a spectacular book, arguably one of the most important books in this nation’s history,” said the Rev. Nancy Taylor, senior minister and CEO of the church, which was established in 1669. Samuel Adams was a member and Benjamin Franklin was baptized there.

At one time, the church owned five copies of the 6-by-5-inch hymnal. One is now at the Library of Congress, another at Yale University and a third at Brown University.

Taylor says the church voted to sell one of its two remaining copies– both in “excellent condition” — to increase its grants, ministries and “strengthen our voice in general as a progressive Christian church.”

The book was published in Cambridge, Mass., by the Puritan leaders of the Massachusetts Bay Colony. It came just 20 years after the Pilgrims landed at Plymouth.

The hymnal was supposed to be a faithful translation into English of the original Hebrew psalms — puritans believed selected paraphrases would compromise their salvation. The 1,700 copies were printed on a press shipped over from London.

A yellowed title page, adorned with decorative flourishes, reads: “The Whole Booke of Psalmes, Faithfully Translated into English Metre.” At the bottom, it says: “Imprinted 1640.”

Historians believe an almanac may have come off the press before the Bay Psalm Book. But Mark Dimunation, chief of rare books and special collections at the Library of Congress, says the almanac was more of a pamphlet or a broadsheet rather than a book. No copy of the almanac exists today. He notes that in the Americas, in general, books were printed in what is now Mexico as early as 1539.

The Bay Psalm Book is “an iconic piece. It’s the beginning of literate America,” said Dimunation. “American poetry, American spirituality and the printed page all kind of combine and find themselves located in a single volume.”

“But there’s also something much more modest and humble about this piece, which makes its survival all the most extraordinary,” he said, noting that the hymnals were utilitarian books that were subjected to a lot of wear and tear.

The last time a copy came on the auction block in 1947, it sold for a record auction price of $151,000. At the time, it surpassed auction prices for the Gutenberg Bible, Shakespeare’s First Folio and John James Audubon’s “Birds of America.”

From: http://feeds.foxnews.com/~r/foxnews/national/~3/PD243xJzC3Y/

John Kerry wins hockey bet, gets case of Molson

U.S. Secretary of State John Kerry now has a case of beer to quench his thirst as he continues a 10-day trip through the Middle East, Europe and Asia.

Canadian Foreign Minister John Baird presented Kerry with a 24-pack of Molson Canadian lager on Thursday to make good on their bet over who would win the women’s world hockey championship.

The U.S. beat Canada 3-2 in the gold medal game on Tuesday in Ottawa.

Kerry, a Massachusetts native, had wagered a case of Samuel Adams.

Kerry and Baird were in London for a meeting of the foreign ministers of the Group of Eight industrialized nations.

From: http://feeds.foxnews.com/~r/foxnews/world/~3/S6fVYkf3kdw/

Is Boston Beer One of the Best Companies in America?

By Daniel Ferry, The Motley Fool

Filed under:

When The Motley Fool set out to discover America’s best publicly traded companies, our team combed through more than 1,700 names and examined how well they served four groups of stakeholders: investors, customers, employees, and the world at large. The result was our list of the 25 best companies in America. Of course, picking so few winners leaves quite a few remarkably high-quality companies that deserve an honorable mention. One company that finished in the top 40 was Boston Beer .

In 1984, Jim Koch gave up a consulting career to brew beer in his kitchen from an old family recipe. He named his beer Samuel Adams, and the Boston Beer Company was born. From that first batch in the kitchen, Boston Beer has grown to become a $1.8 billion company.

The popularity of Sam Adams was a big factor in the emergence of small, high-quality craft breweries in recent decades. Today, Sam Adams ships about 3 million barrels of beer annually. That means that while it makes up only about 1% of the overall U.S. beer market, Boston Beer controls nearly a fifth of the fast-growing craft-beer segment. Boston Beer hasn’t let the heady brew of success get to its head, though. The company remains devoted to nurturing other brewers and small entrepreneurs, inspired to help other small businesses overcome the hurdles Jim Koch encountered when he was just starting out.

The case for Boston Beer
Boston Beer certainly helped smaller brewers just by introducing drinkers nationwide to craft beers, and it’s gone a step further through its “Brewing the American Dream” program, which provides loans and business coaching to entrepreneurs in the food, beverage, and hospitality industry. In 2007, Koch and some employees volunteered to paint a community center. Afterwards, Koch realized he’d “just taken about $10,000 worth of management time and talent, and turned it into about $1,000 worth of painting,” and set about to make better use of philanthropic resources.

Partnering with the small-business microlending organization ACCION, Boston Beer invested $250,000 in lending capital that has become $1.4 million in startup financing. Boston Beer‘s executives also take time to coach and counsel loan recipients, making the company’s expertise and resources available to small entrepreneurs who would struggle to get started otherwise.

Far from seeing new craft brewers as competitors, Boston Beer has actively encouraged small brewers through its philanthropy, even going so far as to give out 40,000 pounds of its own hops to struggling brewers during a 2008 global hops shortage. This approach hasn’t just created jobs and spurred community development, but it’s also allowed Boston Beer to maintain a cool image as a real craft brewer even as it has grown to dominate the space.

Boston Beer is undoubtedly a “cool” place to work, what with the company’s entrepreneurial culture and focus on hip craft beers. The Boston Globe also recognized Boston Beer as having the region’s greatest perk: Employees get to take home two …read more
Source: FULL ARTICLE at DailyFinance

What Could Derail Boston Beer's Growth?

By Daniel Ferry, The Motley Fool

Filed under:

‘s Samuel Adams brand helped to redefine beer and kick off the craft-beer revolution in the United States. Success breeds competition, though, and while just a few years ago Boston Beer had a claim over most of the craft beer shelf, today the field is crowded. Can Boston Beer rise above the rest, or will it be squeezed between small local breweries on one side and global beer giants on the other? To help you decide, we’ve compiled a premium research report filled with everything you need to know about Boston Beer‘s prospects. Today, enjoy a free sneak peek into a section of the report discussing some of the most prominent risks that Boston Beer faces as it grows.

  • Execution
    Boston Beer faces some operational risks. Selling 50-plus beers per year means there are plenty of opportunities for a poor style to hurt the company’s brand. The Freshest Beer program also requires that Boston Beer is able to accurately forecast demand and plan production accordingly, leaving the company open to incurring big losses if its projections are off. Finally, Boston Beer‘s 2008 recall of some Samuel Adams bottles due to small shards of glass in the beer is evidence that even strict quality controls can fail, and with big consequences.

  • Competition
    Boston Beer Company faces strong competition from above and below. As the Better Beer category has grown at the expense of traditional adjunct lagers like Coors and Budweiser, the corporate parents of those brands have struck back by promoting their own “faux craft” beers. AB InBev has been particularly aggressive, not only releasing Shock Top and Land Shark, but also buying out Chicago-based craft brewer Goose Island. The scale of these giants allows them to price these beers for slightly less than true craft beers, while maintaining a premium to adjunct lagers.

    Meanwhile, as the craft brew craze catches on, strong breweries have emerged in every region, often garnering hometown loyalty. Sierra Nevada in California, New Belgium Brewing in the Rockies, Deschutes in the Pacific Northwest, Brooklyn Brewery in the New York metro area, and Great Lakes Brewery in the Midwest are just some of the largest craft brewers to compete successfully with Boston Beer on their home turf. Even in Samuel Adams‘ home turf in Boston, Harpoon Brewery is a fierce competitor that has won over many locals. With over 2,100 breweries nationwide, even small cities are likely to have a local brewer. As the “locavore” movement takes hold among many of the same people who drink craft beer, Boston Beer may find that it’s too big to compete with the little guys on customer loyalty, even as it’s too small to compete with the giant brewers on price.

  • Pricing
    Boston Beer is exposed to significant volatility in commodity costs for the hops and grain used in its beer, as well as packing …read more
    Source: FULL ARTICLE at DailyFinance