Beautifully engraved certificate from the North American Light and Power Company issued
in 1916. This historic document was printed by the American Banknote Company and has an
ornate border around it. This item is hand signed by the Company’s President (Clement Studebaker, jr.) and Treasurer and is
over 86 years old.
Clement Studebaker, Jr. 1871-1932; Clement and Ann Milburn Harper; Alice Rhawn (1893), Clement III (1894), Esther (1898). President and Chairman of the Board of the Illinois Power and Light Company (and of its subsidiary, the Illinois Traction Co.,) the South Bend Watch Co., and the North American Light and Power Co. Vice President of the Everett-Metzger-Flanders Co. (E-M-F). Treasurer of the Chicago and South Bend Railroad.
The H & C Studebaker blacksmith shop opened in 1852 at the corner of Michigan and Jefferson Streets in what is now the heart of downtown South Bend, Indiana. Henry and Clement Studebaker's blacksmith shop would turn into the Studebaker Manufacturing Company in 1868, and would eventually become the largest wagon manufacturer in the world. Studebaker would also be the only manufacturer to successfully switch from horse-drawn to gasoline powered vehicles.
The Studebaker Brothers.
Clem, Henry, J.M.
Peter and Jacob
John Mohler Studebaker returned from California in 1858 where he made wheelbarrows for gold miners, and invested his earnings in the business. At this time, the brothers were filling wagon orders for the U.S. Army, and would continue to do so throughout the Civil War. By 1887, sales would eclipse two million dollars, and by 1885, production would top 75,000.
Studebaker eased their way into the automobile market after the turn of the century, introducing an electric car in 1902. Gasoline-powered Studebakers came in 1904, produced by the Garford Company in Ohio, marketed under the name Studebaker-Garford. In 1911, Studebaker would join forces with Everitt-Metzker-Flanders Company of Detroit to form the Studebaker Corporation. Studebaker sold automobiles under the EMF and Flanders names until 1913; from thereafter, all new cars carried the Studebaker name. Studebaker was still producing wagons, and would do so until 1920, at which time automobile production was moved from Detroit to South Bend.
Due to a number of factors, Studebaker's finances were poor by 1954, leading to a merger with Packard. Studebaker-Packard would fare no better, as Studebaker would lose 43 million dollars in 1956, and Packard disappeared altogether after 1958.
Studebaker's financial problems continued. In December 1963, Studebaker closed its South Bend plant. Production continued through March 1966 at the Hamilton, Ontario, Canada plant, where a blue and white 1966 Cruiser marked the end of 114 years of Studebaker vehicle production.
WASHINGTON, DC / NEW YORK -
Scripophily.com / Old Company Stock and Bond Research Service
owns and operates the
Old Stock & Bond Research
Archives from Herzog & Co., Inc (formally RM Smythe research) which was acquired from John Herzog,
founder of the Museum of American Finance and past
Chairman of RM Smythe & Co.
included all RM Smythe Research archives, publishing rights and copyrights on
obsolete research reference material published by the Marvyn
Scudders Manuals, the Robert D. Fisher Manuals, and the Herzog &
Co., Inc. obsolete research services. The old stock research
services have been performed continuously since 1880.
Scripophily.com / Old
Company Research Service was founded by Internet Pioneer, Bob Kerstein,
CPA who is a member of the American Institute of
Certified Public Accountants, Chartered Global Management Accountants, California Society of Certified Public Accountants, and the Virginia Society of Certified Public Accountants. We have been collecting and selling old stock and bond certificates
since 1990. Scripophily.com started operating on the Internet in January
1996 with the goal to promote the history of old companies and help educate everyone about the wonderful hobby of collecting stock
and bond certificates called Scripophily.
We will always maintain our founding commitment to customer satisfaction and the delivery of an educational product with an enjoyable shopping experience. Please
let us know how we may be of service to you.
All Old Stock and Bond
Certificates are actual authentic certificates and are sold only as collectibles.
We do not sell reproductions and offer a lifetime guarantee to the
authenticity of everything we sell.