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Steinmetz Electric Motor Car Corporation

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:125.00 USD Estimated At:225.00 - 250.00 USD
Steinmetz Electric Motor Car Corporation
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.
1922, Maryland. Stock certificate for 5 shares. Blue/Black. Engraved. Organized in Baltimore, this company was founded by Charles P. Steinmetz (1865-1923), mathematician and engineer, "a man whose repute in the electrical field was rivaled only by that of Thomas Edison." It was Steinmetz's hope to build a $500 electric car and, while the company did build a four prototypes, it was beset with a variety of financial problems almost immediately upon its organization. Refinancing attempts were unsuccessful, and the company was dissolved in 1926. A super and quite scarce auto stock. Uncancelled. Lightly folded. Extremely Fine.