Pan Motor Company Stock Certificate Signed by Pandolfo (104180)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
Pan Motor Company Stock Certificate Signed by Pandolfo   (104180)
SHIPPING & HANDLING: Shipping and Handling cannot be estimated prior to invoicing, based on the size and weight of your purchase. All shipping is subject to a minimum charge of $19.00. If additional shipping and handling costs are required, the buyer will be reinvoiced for the balance due. Items are not shipped until the invoice is completely paid. Many buyers purchase a number of lots. Every effort will be made to include all lots in a single shipping charge calculated to cover the weight and...
Inc. in Delaware. Plant in St. Cloud, Minnesota. No. 43772, issued for 5 shares to TJ Rhoads on May 31st, 1919. Signed by president Samuel C. Pandolfo and secretary John Barrit. Not cancelled. Green border, black print and three vignettes: touring car plus two vignettes featuring the company logo. Printed by Fritz-Cross Co., Chicago. 8.5 x 11"Folds, some toning. Started in 1917 by Pandolfo, though there were problems from the start. The stock highlights this when it says shares are $5 each when Pandolfo was really charging $10, funneling money away from the capital fund. Pandolfo spent a ton of money advertising the company, while presenting preassembled cars and not producing any of their own. The factory in St. Cloud was completed in 1919. They produced the Pan Model A Touring Car, not preassembled, and the 1919 Pan Tourist Sleeper. However, eventually Pandolfo's mistakes caught up to him. The Associated Advertising Club of Minneapolis, a forerunner of the Better Business Bureau, lodged a complaint with the State Securities Commission claiming the company was spending more on promotion than its Minnesota charter permitted. By 1922, Pandolfo was in jail and the company was in receivership. Ken Prag Collection

Date: 1919
State/Country: Minnesota
City/County: St. Cloud