NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2010 Aug 19 @ 11:00UTC-4 : AST/EDT
Stock certificates from the United States and other countries around the world. Items offered cover a wide variety of collecting topics including automotive, railroads, mining, autographed and much more.
1916, Delaware. Stock certificate. Green\Black. In May 1916, Emerson Motors announced its formation, and its intention to build a 4-cylinder, five passenger touring car for $395, a feat which, if realized, would have made the Emerson the lowest-price full size automobile on the market at that time. The car had been designed by automotive pioneer R.C. Hupp of Hupmobile fame, who was company vice-president, and a variety of business luminaries sat on the Board of Directors, among them George B. Gifford, General Manager of Standard Oil. For reasons not known, the company was named in honor of Mr. Willis G. Emerson, also a member of the Board of Directors. By early 1917, however, few, if any, Emersons had been manufactured and sold through retail channels, although a couple demonstration models appear to have been built. In June 1917, several discontented stockholders brought suit against the company charging gross mismanagement, noting in particular the large blocks of company stock which had been given to company officers, members of the Board, and others. The judge ordered the company to reorganize, sternly suggesting that the company pay more attention to building cars than to selling stock. By October 1917, however, efforts at reorganization had failed, and Emerson Motors assets were sold to the Campbell Motor Car Company whose president was T.A. Campbell, president of Emerson Motors. Campbell picked up the pieces from Emerson and produced Campbell automobiles until 1920. Uncancelled and fine.
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