This was the first prewar Exhibit I ever purchased. I got it about 30 years ago from John Spalding at a show in North Hollywood, CA, along with a group of others. Over the next year or two I purchased a ton of prewar Exhibits and other cards from John. He was a nice and helpful collector; RIP. For those who didn't know John, from his obit:
"John wrote and self-published five books, four about minor league baseball in the 19th Century California League ("Always on Sunday") and the 20th Century Pacific Coast League ("Pacific Coast Stars," Vols. 1 & 2, and "Sacramento Senators and Solons") , and concluded his days as an author in 2000 with "A History of Sports in Santa Clara County, 1900-1999." As one of the country's major collectors of pre-1942 sports cards and memorabilia, John was a regular columnist from the 1970s into the late 1990s for numerous sports collector publications, including Sports Collectors Digest, the hobby's most influential publication."