c1924 Sheaffer's Lifetime Pencil, Black and pearl marbled, Ring-top 1.1 mm lead, protract retract. Length 11.6 cm
In 1912, Walter A. Sheaffer took his idea of a pen-filling apparatus that utilized a lever system and, with his life savings, founded the W.A. Sheaffer Pen Company in Fort Madison, Iowa. The company was established in the backroom of Mr. Sheaffer's jewelry store with seven employees, and was incorporated a year later, in 1913. By the 1930s, Sheaffer fountain pens were being advertised as the pen that "fills instantly from any ink-well, with one touch of a finger. Cleans automatically when filling."