Studebaker Packard stock certificate Lehman Brothers

Authentic Studebaker-Packard Corporation stock certificate issued to LEHMAN BROS dated June 19, 1963.   This is a real, original stock certificate and is unique via the person/entity it is issued to, its issue date and the stock serial number. (note that the stock pictured is a specimen and does not show Lehman Bros.  The certificate offered looks the same but is issued to Lehman).  The vignette is a male allegorical figure holding a piston and calibration tool with a production line and draftmen scene in the background.  Studebaker-Packard Corp was the result of the merger of Studebaker and Packard Motor Company and is a significant piece of automotive history.  The last Studebaker was produced on March 17, 1966. The production of the last Studebaker did not mark a definite end of the company or its products. The Studebaker Corporation (the Packard name was officially dropped from the corporate title in 1962) had acquired numerous subsidiaries, such as STP, Gravely, Clarke and Onan, so although it did not build cars after March 1966, the company carried on. In mid 1967 Studebaker purchased the Wagner Electric Corporation and in November 1967 it combined with the Worthington Corporation to form the Studebaker Worthington Corporation. In the fall of 1979, the Studebaker Worthington Corporation was absorbed by the McGraw Edison Company. In April 1985, the McGraw Edison Company was acquired by Cooper Industries of Houston, Texas.  The certificate is in MINT condition (no fold marks, tears or stains) and has the normal punch cancellation and staple holes.  Great collectible or gift for the auto enthusiast and is perfect for framing. The scanned image does not do the certificate justice. Stock certificate collecting is becoming one of the hottest new collectibles for antique collectors and enthusiasts. Studebaker-Packard is no longer in existence, and there are only so many of these old certificates available.  Please review my feedback and bid with confidence!

History timeline:

1902 - The Studebaker Electric automobile is introduced.

1904 - Studebaker begins production of gasoline powered cars in conjunction with the Garford Company of Elyria, Ohio.

1910 - Studebaker purchases E-M-F, the second largest automobile manufacturer in Detroit, entering the automobile industry on a large scale. Walter Flanders named general manager of automotive operations.

1911 - The Studebaker Brothers Manufacturing Company is reorganized as the Studebaker Corporation. Albert Russel Erskine joins the company.

1912 - Studebaker discontinues the electric automobile. Walter Flanders resigns from Studebaker to rejoin Everitt and Metzger at the newly formed Everitt Motor Car Company.

1914 - Studebaker begins supplying Britain, France, Russia and eventually the U.S. with wagons for World War I.

1915 - Albert Russel Erskine named president of Studebaker. In cooperation with Commercial Investment Trust, Studebaker becomes the first automaker to offer wholesale and retail financing.

1919 - Automobile production is moved from Detroit to South Bend.

1920 - Horse-drawn vehicle operations are discontinued.

1925 - Studebaker introduces four-wheel hydraulic brakes.

1926 - Detroit manufacturing facilities closed. Studebaker proving grounds opened west of South Bend.

1927 - The Erskine brand introduced, named for Studebaker president Albert Russel Erskine.

1928 - Studebaker acquires luxury car manufacturer Pierce-Arrow.

1931 - The Rockne brand introduced, named for legendary Notre Dame football coach  Knute Rockne.

1933 - Studebaker forced into receivership. Frederick Fish and Albert Erskine resign. Harold S. Vance appointed chairman of the board, Paul G. Hoffman named president. Erskine commits suicide.

1935 - Studebaker successfully emerges from receivership.  Studebaker Pacific Corporation established in Los Angeles.

1936 - Raymond Loewy Associates contracted to design new Studebaker cars.

1939 - Studebaker begins supplying the Allies with equipment for World War II. First trucks, then eventually airplane engines and the Weasel personnel carrier. Enters the low-priced automobile market with the all new Champion.

1941 - The U.S. Government establishes quotas significantly restricting the production of passenger vehicles for civilian use. Pearl Harbor attacked, United States enters World War II.

1942 - Passenger car production suspended to devote entire manufacturing capacity to the war effort.

1945 - World War II ends.

1946 - LIFE magazine publishes a 10-page article on Studebaker, the first company to produce a postwar automobile.

1948 - Production begins at Studebaker of Canada in Hamilton, Ontario.

1950 - Studebaker "bullet nose" design introduced.

1953 - The "Loewy coupe" is introduced.

1954 - Packard Motor Company acquires Studebaker to form the Studebaker-Packard Corporation.

1956 - Introduction of the Hawk line.

1958 - Packard nameplate discontinued.

1959 - The Lark is introduced.

1962 - Studebaker introduces the Avanti in May at the Indianapolis 500. The pace car for the race is a 1962 Lark. Avanti sets 29 new national stock car records at the Bonneville Salt Flats, earning it the title "Worlds Fastest Production Car".  The Studebaker Drivers Club is formed.

1963 - Automobile operations in South Bend shut down.

1965 - Avanti Motors of South Bend introduces the Avanti II, hand-built in former Studebaker factory buildings.

1966 - The last Studebaker rolls off the assembly line in Hamilton, Ontario.

1967 - Studebaker acquired by Wagner Electric. Subsequent merger with Worthington Corporation forms Studebaker-Worthington.

1979 - McGraw-Edison acquires Studebaker-Worthington.

1982 - Stephen Blake purchases Avanti Motors.

1985 - McGraw-Edison purchased by Cooper Industries, which sold off its auto-parts divisions to Federal-Mogul some years later. Studebaker Worthington Leasing Co. survives to this day.

1986 - Avanti Motors files for bankruptcy. Assets purchased by Michael Kelly.

1987 - Avanti Production moved to Youngstown, Ohio.

1988 - Kelly sells his share of Avanti to partner John J. Cafaro.

1991 - Attempt to reorganize Avanti fails. Production ceases.

2001 - Avanti Motors resurrected in Villa Rica, Georgia. A restyled Avanti based on the Pontiac Trans Am is produced.

2004 - Next generation Avanti built on a Ford Mustang platform.

2006 - Avanti production moved to Cancun, Mexico. On December 22 company chairman Micheal E. Kelly was arrested in Florida and subsequently charged with operating a Ponzi scheme defrauding investors out of more than $400,000,000. He was jailed without bond, effectively ending the operation of Avanti Motors.

2008 - Studebaker Worthington Leasing Company sold by State Bank of Long Island to Main Street Bank of Kingwood, Texas

Oh, and then there is Lehman Brothers which I believe is still the largest bankruptcy in history and helped fuel the near financial collapse of the world banking system.

 
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