GENTLEMAN FARMERS 2: PETER VOLID, FOUNDER OF KING KORN STAMPS

In late 1952, Peter Volid, an entrepreneur and business owner, purchased Angelus Stock Farm from interior decorator, Lila Harrell.  Today, we know this property as the Sunderlage Farm. 

Peter Volid was born in Chicago on December 18, 1907 to Ida and Ben Volid. He had two sisters, Mary and Ruth. As a young man he had a multitude of jobs ranging from Western Union messenger and office boy at National Tea to selling hams and bacon from house to house. During the depression he turned to selling other grocery products in addition to the hams. He moved on to being a detail man for Brillo and then a salesman and sales promotion manager for Red Cross Macaroni. In the evenings he ran his own Dollar Cotton Shops that employed several other people.

He gradually became the owner of multiple companies, Royal Lemon Cleanser in Minneapolis and Marshmallow Cream in Chicago and Kansas City. For many years his most popular brand was Fireside which included marshmallows and other products. It was during the thirties that he became an avid flier. He first owned a Stinson and then graduated by stages to a B-25, a twin-engine Beech, a Lear jet and a helicopter.

At the beginning of World War II he sold Fireside to Curtiss Candy, attempted to join the Army and didn’t pass the physical because of flat feet. Moving from venture to venture, by the early 50’s he was managing 32 Thriftway stores. It was also during this time that he purchased the 170-acre Sunderlage Farm in Hoffman Estates. The farm was used as a retreat from his busy life.  He routinely used the farm’s acreage as a landing strip for the planes and helicopter he flew.  Their home was even featured in the December 30, 1956 issue of the Chicago Tribune.  Sometime, though, in the mid 1960s Mr. Volid sold the farm to the Robin Construction Co. to build what would become the Moon Lake development. 

Then, in 1953, fifteen Iowa food merchants put together the money to start a stamp business and asked Mr. Volid to run it. The business was called King Korn Stamp Co. and was set up to compete with S&H Green Stamps. He took the company that was worth $350,000 in its first year to $75 million in 1966 when he retired. It was in 1958 during the ownership of this company that he was named as one of eight to win the Horatio Alger Award.

In retirement he took on the challenge of getting his bachelor’s degree from Northeastern Illinois University and his master’s from Garrett-Evangelical Theological Seminary in Evanston. He became a marriage counselor and, prior to his death on June 17, 1978, he had begun the COPE Screening Institute, a program which offered analysis of physical and mental health for companies that provide testing for employees.

Advertisements

4 Responses to “GENTLEMAN FARMERS 2: PETER VOLID, FOUNDER OF KING KORN STAMPS”

  1. Larry Rowan Says:

    I wonder if we can assume that Ida Road in the nearby Hoffman Highlands subdivision was named after Peter Volid’s mother.

    • jrozek Says:

      Actually, I’m wondering if Ida Road is maybe named for Ida Tarbell who bought the Vogelei property in 1952 and sold it to the Hoffman Estates Park District in 1968. The Vogelei property abuts the Highlands. The village may have named the road as a thank you. Then, again, it could be named for the developer’s mother!

  2. Nancy Robinson Says:

    My husband found some King Korn stamps are they worth anything now…?? how would we find out the history on them and their worth if any??? I understand they competed with s&h stamps right??? so they were used like S& H stamps?? my mom use to have s&h stamps? please answer me as soon as possible. you can e-mail me @ nanssss@cox.net if ya would like or answer here and I will keep checkng back thank you very much for your time!! I am really interest in this cos I have never know anything about them. My husband and I are from different parts of georgia so that may be why his mom had them.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: