Dutch auction 1994 auction IPO of Japan Tobacco was substantially larger (with proceeds more than double those of Singapore Telecom and triple those of Google), but this auction was discriminatory or pay-what-you-bid, not uniform price or "Dutch". SRECTrade.com uses a two-sided Dutch auction to trade Solar Renewable Energy Credits (SRECs). The introduction of the Dutch auction share repurchase in 1981 gives firms an alternative to the fixed price tender offer when executing a tender offer share repurchase. The first firm to use the Dutch auction was Todd Shipyards. A Dutch auction offer specifies a price range within which the shares are purchased.
Uncle Sam a co-worker jokingly said, "Elbert Anderson [the contractor] and Uncle Sam," referring to Wilson, though the "US" actually stood for United States. Doubts have been raised as to the authenticity of this story, as the claim did not appear in print until 1842. Additionally, the earliest known mention definitely referring to the metaphorical Uncle Sam is from 1810, predating Wilson's contract with the government. As early as 1835, Brother Jonathan made a reference to Uncle Sam, implying that they symbolized different things: Brother Jonathan was the country itself, while Uncle Sam was the government and its power. By the 1850s,