This vintage hat was made in the 1950s by Peters Brothers Inc. of Fort Worth, Texas. It is “The Texas Hat” – the Shady Oaks Banker’s Special. Later models would change the name to the Shady Oak, dropping the s. These were the models famously presented to presidents, and worn by wealthy Texas oilmen. It retailed for $50 in the 1950s, an extremely expensive hat for the time, and the quality really shows. I would say it is comparable to Stetson’s 7X Clear Beaver felt of the period.
The beaver felt hoods used in these earlier models were made in Switzerland. I have read they used these imported felt bodies because mercury processing was still done in Switzerland at that time, which resulted in a higher quality felt.
This vintage hat was custom made by Peters Brothers of Fort Worth, Texas. It is their famed “Shady Oak Banker’s Special” model, in the One Hundred grade, meaning that when it originally retailed for $100, at a time when the average fur felt hat in a comparable style was running about $20. The hat has a seamless welt edge. Cavanagh called their version the Cavanagh Edge. Stetson called theirs the Mode Edge. The hat has a narrow, western style single cord hat band.