Directly separates family identity, legal ownership, operating control, production capacity, and brand continuity.
The passage describes the financial constraints of rebuilding aged-whiskey inventory after Prohibition and the family's recourse to outside investors.
Noe says the family sold a large share and later the remainder of the distillery, losing ownership independence while gaining capital and operating freedom to restart production, market inventory, and build Jim Beam into a national brand.
PDF sheet 19
A Little History
Verified against rendered PDF sheet 19 on 2026-08-24.
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