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Caleb Bradham
By Mary Bellis
Caleb
Bradham of New Bern, North Carolina was a pharmacist. Like many
pharmacists at the turn of the century he had a soda fountain in his
drugstore, where he served his customers refreshing drinks, that he
created himself. His most popular beverage was something he called
"Brad's drink" made of carbonated water, sugar, vanilla, rare oils,
pepsin and cola nuts.
"Brad's drink", created in the summer of
1893, was later renamed Pepsi Cola in 1898 after the pepsin and cola
nuts used in the recipe. In 1898, Caleb Bradham wisely bought the trade
name "Pep Cola" for $100 from a competitor from Newark, New Jersey that
had gone broke. The new name was trademarked on June 16th, 1903.
Bradham's neighbor, an artist designed the first Pepsi logo and
ninety-seven shares of stock for Bradham's new company were issued.
After
seventeen years of success, Caleb Bradham lost Pepsi Cola. He had
gambled on the fluctuations of sugar prices during W.W.I, believing
that sugar prices would continue to rise but they fell instead leaving
Caleb Bradham with an overpriced sugar inventory. Pepsi Cola went
bankrupt in 1923.
In 1931, Pepsi Cola was bought by the Loft
Candy Company Loft president, Charles G. Guth who reformulated the
popular soft drink. Guth struggled to make a success of Pepsi and even
offered to sell Pepsi to the Coca-Cola company, who refused to offer a
bid.
In 1940, history was made when the first advertising jingle
was broadcast nationally. The jingle was "Nickel Nickel" an
advertisement for Pepsi Cola that referred to the price of Pepsi and
the quantity for that price. "Nickel Nickel" became a hit record and
was recorded into fifty-five languages.
In 1964, Diet Pepsi was introduced
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