_"What you have is a classic Perrine Free-Stripping Automatic Fly Reel, manufactured by the Minneapolis-based Perrine Manufacturing Co., an auto parts and sporting goods manufacturer founded in the 1910s. Emmett Burgess Perrine was an automotive engineer from Los Angeles who had a series of patents beginning in 1928 for automatic fly reels. Recent research by Steve Vernon shows that automatic reels were invented as early as 1826, and were popular in America by the 1880s. Perrine developed a new braking system that allowed for easier control of the coiled-spring powered line retrieval, and the reels became a fixture on the American angling scene for decades afterward. The company changed names numerous times (the latest I could fine being Orbex, Inc. in 1981) but the reels stayed remarkably similar. This is one of the reasons the company could offer lifetime service on its reels, regardless of age. They sell for around $10-$20 in nice condition, more in the box. For photos of various Perrine reels and ads, click here."