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GAVITT'S STOCK EXCHANGE®
Stock #1903
Suggested Retail
Price $14.99


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FULL REVIEW

Michael Hooper
The Topeka Capital-Journal
November, 2002
USA

Harry E. Gavitt was a Renaissance businessman who sold medical products to customers all over the United States through a network of 6,000 agents and a direct mail operation based in Topeka. 

He was an inventor, manufacturer, chemist, golfer and business executive. He graduated from Topeka Business College and took classes at Washburn Law School, The University of Kansas as well as private classes in medicine and medical manufacturing.  

"He was one of these people who simply had no limitations. He was always asking the question, 'what if?' " said Lloyd Zimmer, a local historian and owner of Lloyd Zimmer Books and Maps, 117 S.W. 6th.

In the early 1900s, Gavitt's company, W.W. Gavitt Medical Co., had annual sales of more than $1 million.

The company's most popular product was the Gavitt's System Regulator. One year, the company sold 1.7 million of the products for a dollar a piece, which was a lot of money back in those days. It was a laxative that he claimed was good for "kidney, liver, stomach and blood troubles."  

In 1902, Gavitt invented an automatic envelope stuffing and sealing machine for his company's use. The machine had a capacity for handling 15,000 envelopes per hour, according to an article in "Illustriana Kansas" published in 1933.  

In 1903, he invented Gavitt's Stock Exchange, which has been reintroduced to Topeka through Tony Fatseas, a collector of Gavitt materials from Merrylands,New South Wales.  

"He was a marketing genius," Fatseas said of Gavitt.

The Gavitt's System Regulator wasn't sold by druggists, but rather through direct mail and agents. "They would have sent out thousands and thousands of letters," Fatseas said.  

Gavitt was born in 1875 into a family that was quite successful in business. His relatives came from Rhode Island and Massachusetts. His father, William W. Gavitt, moved to Topeka in 1868 and established a banking and loan business called W.W. Gavitt and Co., Bankers and Brokers. In 1882, he and a partner erected the building known as The Office Building on S.E. 5th between Kansas and Quincy. 

Gavitt's father was a great businessman, who, at 81 when he died in 1922, was president of W.W. Gavitt and Co., the Gavitt Loan and Investment Co., the W.W. Gavitt Medical Co. and the W.W. Gavitt Printing and Publishing Co.  

Harry took over the medical and printing businesses after his father died, but it appears he had been working in those businesses since 1900.

Harry became interested in business at age 7, according to an article about him in "Illustriana Kansas." The book says the boy sold pet stock for a profit as a child. Around 1891, he invented the Gavitt Folding Exhibition Chicken Coop, one of the first collapsible coops manufactured.  

One of the more strange interests he had was in taming fish. Around 1930, he started experimenting with wild fish to ascertain whether they might be tamed, according to "Illustriana Kansas."

"To this end, he stocked an artificial lake on one of the Gavitt Company farms just west of Topeka. The fish have become so tame that they will eat from his hand in large numbers and will jump out of the water from 4 to 12 inches to get the food he offers them," the book stated.  

To prove that he could tame other fish, he went to Okoboji, Iowa, and tested his skill on wild blue gills, carp and sheepheads. "All of the fish became so tame that they would readily eat from his hand much to the amazement of the many old fishermen who were present," the book stated.

Gavitt was a showman who took an interest in magical tricks to entertain his friends. Zimmer said Gavitt appears to have had similar characteristics to P.T. Barnum, who made a fortune in the circus business, while Gavitt made his in medical products.

Gavitt was active in many organizations. He belonged to the Sons of the American Revolution and served as chairman of chemicals, oils, and paint division of the 7th district, 14th region, War Resource Committee, Resources and Conservation Section of the War Industries Board, during World War 1.

Gavitt also was a charter member of the Arab Temple and was a member of the Topeka Country Club, where he was chairman of the handicap committee at one time.  

Harry Gavitt died in 1954 and was buried in the Topeka Cemetery with the rest of the Gavitts. His brother Corrington Gavitt took over the family business.

In 1967, Corrington Gavitt closed the W.W. Gavitt Medical Co. and its allied firm, the W.W. Gavitt Printing and Publishing Co. at 601-603 S.E. 4th, according to article by Alta Huff, former business editor of The Topeka Daily Capital. Corrington was 83 when he closed the business. The site of the old business was demolished in the urban renewal movement at the time.

It appears the Gavitts don't have any relatives left in Topeka as there is none listed in the phone books. Accounts of Harry Gavitt didn't mention that he had any children.  

Douglass Wallace, a local historian, said he had never heard of Harry Gavitt until he was introduced to Fatseas, the Australian collector.  

"We should congratulate Tony for having brought back Gavitt to our memory," Wallace said. "Sometimes it takes someone from out of town, or in this case, across the globe and down under, to bring someone back to our memory."

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