Beautiful RARE certificate from the George N. Pierce Company
issued in 1908. This historic document has an
ornate border around it with a vignette of an eagle. This item has the signatures of the Company's officers and is over 104 years old. We are only aware of 2 certificates in existence from this famous company. This certificate is quite RARE.
Pierce-Arrow was an American automobile manufacturer based in Buffalo, New York, which was active between 1901 and 1938. Best known for its expensive luxury cars, Pierce-Arrow also manufactured commercial trucks, fire trucks, camp trailers, motorcycles, and bicycles.
The forerunner of Pierce-Arrow was established in 1865 as Heinz, Pierce and Munschauer. The company was best known for its household items, and especially its delicate, gilded birdcages. In 1872, George N. Pierce bought out the other two, switching the name to George N. Pierce Company and, in 1896, bicycles were added to the product range. A failed attempt to build a steam-powered car was made in 1900 under license from Overman but, by 1901 Pierce built its first single-cylinder two-speed (no reverse) Motorette with the engine licensed from de Dion. In 1904, a two-cylinder car, the Arrow was made.
In 1903 Pierce decided to concentrate on making a larger, more luxurious auto for the upscale market, and the Pierce-Arrow automobile was born. This proved to be Pierce's most successful product, and the solidly-built cars with powerful engines gained positive publicity by winning various auto races. During this period, Pierce's high-end products were sometimes advertised as the Great-Arrow. In 1908 Pierce Motor Company was renamed The Pierce-Arrow Motor Car Company.
In 1909, U.S. President William Howard Taft ordered two Pierce-Arrows to be used for state occasions, the first official automobiles of the White House. An open-bodied Pierce-Arrow carried Woodrow Wilson and Warren G. Harding to Harding’s 1921 inauguration. A restored 1919 Pierce Arrow is on view at the Wilson Presidential Library.
Herbert M. Dawley (later a Broadway actor-director) joined Pierce-Arrow in 1912, and designed almost every model between until 1938. In 1914, Pierce-Arrow adopted its most enduring styling hallmark when the headlights of the vehicle were moved from the traditional placement on either side of the radiator into flared housings molded into the front fenders of the car. This gave the car an immediate visual identification from the side; at night it gave the car the appearance of a wider stance. Pierce patented this placement and it remained in place until the final model in 1938, although Pierce always offered customers the option of conventional headlamps. A small minority of customers purchased these less distinctive models. Through 1914 Pierce-Arrow also produced a line of motorcycles.
The Pierce-Arrow was a status symbol, owned by many Hollywood stars, corporate tycoons; royalty of many foreign nations had at least one Pierce-Arrow in their collections. In American luxury cars it was rivaled only by Peerless and Packard, which collectively received the accolade Three P's of Motordom. Industrial efficiency expert Frank Gilbreth extolled the virtues of Pierce-Arrow, in both quality and in its ability to safely transport his large family.
Pierce-Arrow advertisements were artistic and understated. Unusual for automobile advertising, the image of the car was in the background rather than the foreground of the picture. Usually only a portion of the automobile was visible. The Pierce-Arrow was typically depicted in elegant and fashionable settings. Some advertisements featured the car in places an automobile would not normally go, such as the West and other rural settings, a testament to car's ruggedness and quality.
In 1928, the Studebaker Corporation of South Bend, Indiana, gained control of the Buffalo firm, an association which was to last for five years with moderate benefits to both companies' engineering departments—which continued to function as separate entities.
In 1933, Pierce-Arrow unveiled the radically streamlined Silver Arrow in a final attempt to appeal to the wealthy at the New York Auto Show. The car was well received by the public and the motoring press, being announced with the slogan "Suddenly it's 1940!" Pierce sold five examples but, since it was priced at $10,000 during the worst of the depression, the rich were hesitant to spend so much. The bodies were built at Studebaker, which subsequently assisted in rolling out a lower-priced production model. This, however, lacked many luxury features of the show car and still failed to generate enough sales.
Starting in 1936 Pierce-Arrow produced a line of camper-trailers, the Pierce-Arrow Travelodge.
The Rio Grande Southern Railroad converted five Pierce-Arrow automobiles (and a couple of Buicks) into motorized railcars, effectively buses and trucks on rail wheels. The nickname Galloping Goose was soon applied to these vehicles, based on their waddling motion and honking horn. All still survive.
Pierce was the only luxury brand that did not field a lower price car (e.g. Packard 110) to provide cash flow, and without sales or funds for development, the company declared insolvency in 1938 and closed its doors. The final Pierce-Arrow assembled was built by Karl Wise, the firm's chief engineer, from parts secured from the company's receivers. Pierce's holdings were sold at auction on Friday, May 13, 1938.
In 2006, a group of classic car enthusiasts from Switzerland bought the rights to the Pierce-Arrow brand which is being applied to a 10-litre, 24-cylinder car designed by Luigi Colani.
Notable Pierce-Arrow owners
Emperor Hirohito of Japan
The Shah of Persia (1930 - $30,000 parade car featuring gold, silk, Siberian wolfhound fur and a jewel-encrusted Royal Crest)
King Ibn Saud of Saudi Arabia
King Albert of Belgium
President Woodrow Wilson (including a Model A4-66 with 13.5 liter inline-six)
President William Howard Taft
Gen. M.O. Terry, Surgeon General of the U.S. Army
Brig. Gen. J.A. Koster
Bob Kerstein (Bob.com)
Col. Luke Lea, United States Senator from Tennessee
Hon. C. Bascom Slemp, Congressman from Virginia, Secretary to Calvin Coolidge
Frances Perkins, Secretary of Labor under Franklin Roosevelt
Franklin Delano Roosevelt, President of the United States, 1933-1945
John D. Rockefeller
George F. Baker
Louise Whitfield Carnegie, wife of Andrew Carnegie
Mrs. Sarah Winchester
James Colosimo Chicago mob boss
Ransom E. Olds, Founder of Oldsmobile and REO automobile companies
Kenneth R. Kingsbury, President, Standard Oil Company of California (now
Frank Bunker Gilbreth, Efficiency Engineer, subject of the book Cheaper by the
Max Adler, Vice President, Sears, Roebuck & Co.
M.H. Aylesworth, President, National Broadcasting Company
Paul Carus Author, philosopher & scholar of eastern religions
Hubert T. Parson, President, F.W. Woolworth Company
Earl C. Sams, President, J.C. Penney Company
Robert A. Franks, Vice Chairman & Treasurer, Carnegie Corporation of N.Y.
A. Lawrence Lowell, President, Harvard University
Melvin Purvis, American lawman and FBI agent
Roscoe "Fatty" Arbuckle (actor) owned a 1921 cream colored custom bodied touring model.
Sessue Hayakawa, actor and romantic idol, owned a gold plated model.
Edward and Connie Wachs, CEO Wachs Co. owned a 1913.
History from Wikipedia and OldCompanyResearch.com (old stock certificate research service).