Scarce, Rare and Historically interesting Collectible Stocks and Bonds Fixed Price List No. 1097_Featuring U.S. and International Stocks and Bonds_ i - ’-''i j i' tki Mining ^ . (i Toiuiiii Voffnsv or c.wum ; vmi;i!I(.v\ THOMPSON BROTHERS LUMBERCO. trJy'r/ /Af V'/*r‘ SPECIMEN Uimimmwmmmi a t>a(i jtiiDiima a. ( dhtml'll N Choose From Over 1,000 Different Stocks and Bonds Correctly Graded, Reasonably Priced, Completely Guaranteed! If you enjoy financial history, you are sure to love Price List #1097. Although nice certificates are getting harder and harder to find, we are committed to providing our collectors with the largest selection anywhere and at the very lowest prices. Scripophily (collecting stocks and bonds) continues to be a rapidly growing hobby. We attribute that growth to one simple factor - pleasure! Whether you are a first-time buyer or a very advanced collector we promise to do everything we can to make your buying experience an en joyable one. _ _ IB ft 11 1 26 Broadway, New York, NY 10004 J 1 Toll Free: 1-800-622-1880 Where Historic Paper Collections of the World are Researched, Auctioned, Bought and Sold. Established 1880 Spectacular Bonds of Bolivia In 1870 .he Republic of Boliv.a direcled .he B“"k in New York to engrave high-uualily steel pla.es for IOO.XO«AWO^ bonds. They approved the designs and authorize t e pnn I g • olution in 1871 interceded, and .he bonds were never .ssued. Carefully stored for over 120 years, they are as bright, colorful, fresh and clean as the day they were printed. Impressive in size (approximately 16 x 24 ), t ey are magnt cent framed or in a disdav. C1081 Republic of Bolivia 1870 Bond for 100 Pesos. Blue. Complete with all 40 coupons. Justice. Man with book and globe. Father Marquette and Louis Joliet French explorers of the Mississippi River. (Why they appear on a Bolivian bond is a mystery to us.) ABN. Unsigned. EF+ (pristine condition). $29 Cl082 Similar. 500 Pesos. Brilliant orange. Female representing art. Safe, below. EF+. $25 Cinsl Similar 1000 Pesos. Green. Female representing Commerce. EF+. $55 SPECIAL OFFER! C1084 Complete set of all three Bolivian bonds. EF+. $75 High Quality Railroad Bonds From the Delaware and Hudson, Albany & Susquehanna Merger Ten years ago we entire group. They came across a group consist of a rendition of bright red 1908-1946 of the original 1906 Albany and Susquehanna $1000 bond, an Railroad $1000 bonds. extension agreement, Impressed by the and coupons printed handsome engraving of in 1946. All are the Delaware and bright, fresh and Hudson locomotive original, with no and tender, and the cancellations, splits, pristine condition of tears or stains, and the bonds, we immedi¬ they are priced to sell ately purchased the quickly. C5091 Albany & Susquehanna - Delaware & Hudson (NY) 1906-1946. $1000 First Mortgage Forty-Year Gold Bond (1906 text) and 1946 Extension Agreement and Coupons. Locomotive #1054. Extremely Fine+. Not cancelled. $49 How to Order The Greatest Show On Earth By Phone Please have your order ready and your credit card handy before you call. We gladly accept VISA, MASTERCARD, AMERICAN EXPRESS, and DISCOVER. Call Toll Free: 800-622-1880. New York residents: 212-943-1880. Office hours are 9am-6pm, EST, Monday-Friday. By Fax Please make sure the order form is completely filled out, with credit card number and expiration date, and be sure to include a day time phone number in case we need to reach you. You can Fax 24 hours a day to: 212-908-4047. By Mail Use our handy order form. Please include: page number, item number, description and quantity for each item you wish to order. Make sure to fill in the payment information section, as well as a day time phone number, so we can reach you if necessary. We gladly accept VISA, MASTERCARD, Widely recognized as the most beautiful and sought-after post- AMERICAN EXPRESS, DISCOVER, PERSONAL CHECKS AND MONEY ORDERS. 1960 American stock, Ringling Brothers is a wonderful example of multi-colored security printing in circus poster style. The attention and expense lavished on this issue can only be explained by the value that circus people attach to what they refer to as “flash.” Roughly translat¬ Shipping, Handling & Insurance ed, “flash” is a brilliant display used to attract attention. The history of the company dates back to the 1923, when the Ringling Brothers United States Deliveries: formed a partnership with Barnum and Bailey. In 1929, John Registered Mail (fully insured, very reliable) - Please Ringling borrowed over $1,000,000 and bought out many smaller, include $9.00 + 250 per certificate. Example: If you order 3 competing shows. Three years later he chartered a Delaware corpora¬ different items, the postage, insurance and handling will be tion called Ringling Brothers - Barnum and Bailey Combined Shows, $9.00 + (3 x 250) for a total of $9.75. Inc. Ringling Brothers merged with Mattel in 1971. When Ringling Brothers stockholders were asked to trade in their circus stocks for Express Mail (fully insured, fast) - Available on all orders Mattel certificates many refused. They were reluctant to part with for just $15.00 + 300 per certificate. their beautiful certificates and Mattel officials had to work out an Overnight Delivery (fully insured, delivery by 10 a.m., accommodation. Mattel offered to stamp the Ringling Brothers cannot be sent to P.O. Boxes) - Available on all orders for certificates in a comer and return them to the original owners. Some just $15.50 + 250 per certificate. were stamped and returned, while others remain in the hands of their 2-Day Service (fully insured, cannot be sent to P.O. original owners to this day. This may explain why so few examples Boxes) Available on all orders for $9.50 + 250 per are available to collectors. certificate. C1065 Ringling Brothers - Barnum & Bailey Combined Shows U.P.S. (insured, cannot be delivered to P.O. Boxes) - (DE) 1960-75. Shares. Green or pink border. Multi-colored circus figures. Available on orders at the following rates: $7.00 for up to Fully-issued. ABN. VF+. $500 100 certificates; $8.00 for up to 200 certificates. First Class (shipped at your risk) - Available on all orders f for $4.00 + 250 per certificate. Special Discounts!!! Book Rate (shipped at your risk) - Available on book orders only for $3.00 per book. If your total purchase exceeds $250, Overseas Deliveries: take 5 % off. Registered, First Class and Insured Mail - calculate your shipping and handling charges using the options above, then If your total purchase exceeds $750, add $17.50. You will be billed for any excess charges. take 10% off. Express Mail - (fully insured, fast) $30 + 300 per certificate. If your total purchase exceeds $2500, V take 15% off. J Guarantee & Return Privilege 26 Broadway, Suite 271, New York, NY 10004-1701 212-943-1880 • FAX: 212-908-4047 We unconditionally guarantee every certificate Call 800-622-1880 toll free in this price list to be genuine. You may www.rm-smythe.com return any item within 10 days of receipt, and e-mail: [email protected] a full refund or credit will be issued. Established 1880 Helpful Hints For Easy Reading of Price List Entries We apply the same abbreviations and conventions when formatting a price list as we do in our auction catalogues. Please take a moment to read what follows: “C” Numbers - Each item we list gets a unique number. Please use the “C” number when you place an order. Corporate Title - The name of the corporation or organization appears in Bold type. In order to save space we usually elimi¬ nate words such as “Company”, “Incorporated”, “Limited”. RR stands for Railroad: Rwy for Railway. State, Territory or Country Abbreviations - The first parenthesis in each item description contains the abbreviation for the State, Territory or Country. This usually indicates where the company was incorporated. Standard post office two-letter abbreviations are used for states. “(NY)” means the company was incorporated in the state of New York. Note that in some cases the company may have been incorporated in one place, but actually located elsewhere. See “locations” below. Date - The actual date the certificate was issued appears after the date of incorporation. When there is no date on the certificate we give an approximate date, and this is indicated by “ca.” preceding the date. When we have more than one of a particular certificate we may give a range of dates. Locations are printed in italics. Sometimes a company is legally incorporated in one state, but has a physical presence in another state. “Alaska Gold Mining (NY) 1900. Nome. 10 shs.” was incorporated in New York, but had mines located in Nome, Alaska. Stock, or Bond? - “Share”, “Shares”, “shs.” indicates a stock certificate. $500, $1000, $5000, etc. indicate bond denomina¬ tions. Bonds often have coupons (which were redeemable for interest payments). We use “Cu”, “Cb” or “Cs” to indicate where the coupons are attached. “Cu” means coupons underneath; “Cb” means that the coupons are bound, usually to the top of the certificate; “Cs” indicates there are coupons on the side. Issued, Unissued, Proof, or Specimen- Issued certificates have dates, serial numbers, denominations, and signatures all filled in. All certificates in this price list are issued unless otherwise stated. Unissued certificates may have the dates, denominations and/or the signatures blank. “U” is sometimes used to indicate unissued. Proofs are special examples not meant for general use. They are printed on special “India” paper so that the impressions are extremely sharp. Proofs were used by the engravers to check their own work, and by the banknote companies for final approval by customers. Specimens are made from the regular printing plates on regular paper, and they were used by the banknote companies and clients for comparison purposes. Specimens may have serial num¬ bers “00000”, or no serial numbers at all. Printer’s names - Most certificates have the the printer’s name somewhere on the front. In the interest of saving space, we use two, three or four letter printer abbreviations. “ABN” (American Bank Note Company) is the one most often encountered, and in general, anything with the ABN imprint, or with the imprint of any of their predecessors, is of the highest quality. Please see pages 20 & 33 for a complete listing of printer abbreviations. Cancellations - When stocks or bonds are redeemed, they are cancelled with a rubber stamp, a neat hole punch, a razor blade or some similar device. Neat cancellations are simply viewed as a normal element of the certificate. We only mention cancel¬ lations when they are unusual or somewhat obtrusive. The following abbreviations relate to cancellations: “POC” punch out cancels - small holes that have been punched “Heavy POC” - larger hole cancels “COC” - cut-out cancels; these may be large or irregularly-shaped hole cancels, made with a razor, knife or scissor “CC's" - cut-cancels, slits made with a razor or special canceling device * means not cancelled Grade - We have made every attempt to adhere to the same conservative grading standards we use in our auction catalogues. Most of the certificates in this price list are VF+, which stands for Very Fine, perhaps better. This is a clean, bright certificate with a few moderate folds, a grade that is more than acceptable to most collectors. EF means Extremely Fine. These certificates have minor folds, or no folds at all, and are exceptionally clean and bright. (Please see page 16 for more detailed information on grading). Illustrations - Most of the examples in this price list are illustrated. When a certificate is not illustrated, “(np)”, which stands for no photograph, will appear in the description. Antonio biCes Automobiles C6255 Belmont Motors (DE) 1920. 4 shs C5100 Cole Motor Car (IN) 1916-22. Shares. Green, gold seal. Preferred. Woman with Orange or green. Man and woman flank cape. Organized in 1916, the Wyandotte, globe and torch. Signed by Cole. VF. The automobile has had an enormous impact Michigan firm offered a gas electric $200 on all of our lives, so it is not surprising that auto¬ limousine. VF.* Bright and attractive. mobile stocks are extremely popular. Over 4,000 $200 different makes of automobiles have been C6253 Columbia Motors (MI) 1923. 100 shs, manufactured over the last hundred years. Though C6633 Belmont Motors (DE) 1920. 10 shs brown. Company “COLUMBIA SIX” many of these companies issued share certificates, orange. VF+. Similar to above, (np) logo flanked by allegorical women. RBN. comparatively few examples are available $200 Signed by one of its founders, T.A. to collectors. Don’t miss this opportunity to add Bollinger, as president. EF+. The several to your collection. C3198 Bessemer-American Motors (DE) 1923. Columbia Six was one of the first cars to C6279 Amalgamated Motors (DE) 1924. 9 2/3 1/2 Share, orange. Preferred. EF. $175 fPeraotduurec tiaonn acultiommbaetdic tora cdlioastoer toth esrixm othsotaut¬. swhiss,e fVulFl -kb*lu e tint. Small rust spot, o$t1h5er0¬ C3483 cClohuiedfs .M “CoOtoMrsM (DOEN)” 1re9d2 0u. n4d esrhpsri. nTt. itVleF +in. stuanaldl yu nuintsi misp r1o9v2a3.b lUe.n cancelled, an$d2 v7i5r¬ C6051 American Coke & Chemical (ME) 1919. (np) $100 Shares, gold. Signed by Clement C6246 Consolidated Motors (DE) 1917. 100 Studebaker, Jr. VF+.* (np) $50 C6263 Cole Motor Car (IN) 1913. 30 shs shs, brown. Eagle on shield and arrows. Indianapolis. Eagle. In 1908, Joseph J. SBN. VF. $175 Cole built a prototype automobile for a Incorporated in 1917 as a $10 Million C3362 American Motors (MD) 1969. Shares, test drive around Soldier’s and Sailor’s company for the manufacture of cars and olive. Warrant. ABN. VF+. * (np) Monument. The car ran very well, but trucks, its production output is unknown $17.50 Cole had neglected to install brakes. He and may not have amounted to anything. solved the problem of stopping by driving around the Monument until he ran out of C6262 American Motors Export (FL) 1922. gas! He sold 170 of these high wheeler C4044 Davis Car (WA) 1920’s. Shares. Gold Jacksonville. 50 shs, green. “Discount autos and in 1909 organized a company to seal, eagle. VF+. * (np) $175 Certificate”. A rare and unusual form. produce a conventional four-cylinder Subscribing to buy 50 shares of stock enti¬ Model 30. These were quite successful, tled the bearer to a 15% discount on a car and Cole continued to build cars, using or truck within one year of the date the General Motors V-8 engines up through factory began actual production. Not listed 1925 when the company was liquidated. in American Cars 1805-1942, or Falater. Signed by Cole, and one of the nicest we Minor fold junction splits, hardly distract¬ have seen. Pen cancelled, otherwise VF+. ing, otherwise VF.* Rare. $300 $250 C3230 Baker Steam Motor Car & Manufacturing (AZ) 1923. 1000 shs, Please Note! oa rvaningtea.g eA lcloengvoerirctiabl lefe. mSaiglen.e dU nbdye rHprairnttl eoyf * indicates that the O. Baker as president. Uncancelled, certificate is uncancelled P AV (C K AV R D Extremely Fine. $300 R.M. Smythe & Co., Inc 26 Broadway, New York, NY 10004-1701 212-943-1880 Page Slutomo Bites FORD MOTOR OF FRANCE Spiling iHotors ffinutpanij FORD MOTOR COMPANY, LIMITED GREYHOUND LEASING & FINANCIAL CORPORATION C6283 Delling Motors (NJ) 1924. One Share, C6260 Elgin Motor Car (DE) 1918. Chicago. 12 C5119 Ford Motor of France 1929. 10 shs, full brown. SBN VF+.* $200 shs. Woman with starred tiara. Gold seal. orange underprint. VF+. * Includes offer Established in 1923 by the Delling “The car of the hour”. "Built like a watch”. of exchange letters. $125 brothers, the company planned to produce What else could you expect from the same steam engines for taxicabs, passenger executives who ran the Elgin Watch C6276 Ford Motor, Limited 1950. 10 shs. full buses, trucks, and tractors. The Company? They took over the New Era blue underprint. Guarantee Trust Company Delling was basically a steam car with a Motor Car Company of Joliet and moved of New York American Depositary two-cylinder, reversible engine using a it to Argo. By 1920 they were selling over Receipt. ABN. VF+. Only one available. vertical water-tube boiler which produced $7 million worth of cars, but the postwar $75 super-heated steam used to drive the rear recession hit hard, and the company was axle. Ninety-two were sold between 1924 reorganized in 1923 (see below). VF+.* and 1927. $125 C4050 General Motors (DE) 1973. 100 shs. Various colors. Modernistic car, truck, C6267 Drexcl Motor Car (VA) 1916. 10 shs, C6245 Elgin Motors (IN) 1923. Indianapolis. 40 locomotive, three heads. ABN. EF. (np) green. Drexel D/Y trademark. Very minor shs. Gold full tint. Elgin oval trademark. $6 each, Three for $15. fold splits, otherwise VF+.* $200 VF*, narrow top margin. $150 Drexel succeeded Farmack with the Elgin was originally founded by execu¬ idea of producing a fast, seven-passenger tives of the watch manufacturing firm. It C6497 Greyhound (DE) 1944. Specimen. touring car. Two of the banks that financed was re-organized in 1923, but lasted only a Brown. The famous racing greyhound the company failed, and within a year, so year in this form. logo. ABN. EF+. (np) " “ $100 did Drexel. C4468 Emerson Motors (DE) 1916. Shares. Green. Common. VF. * (np) $150 C6266 Eagle-Macomber Motor Car (DE) 1916. It certainly looked like “a sure thing” in C6273 Greyhound Leasing & Financial (DE) 100 shs, green. Borders and embossed 1916 when these shares were issued. 1976. Specimen. Registered bond, blue. seal. Eagle perched on top of a globe Henry Ford’s Model T’s were selling like Greyhound. SBN. EF. $50 bearing “THE MOTOR THAT SPEEDS hot cakes, and the two Campbell brothers, THE EAGLE”. Documentary stamp, lower who were the founders of the Imperial left. Thirty-five of these rotary engine Motor Company, announced an associa¬ C6771 H. H. Franklin Manufacturing (NY) autos were sold from 1914 to 1918. VF.* tion with Robert C. Hupp to build a better 1920’s and 1930’s. Shares. Green or $200 Model T and sell it for less. Though only orange. Woman, gears, train and mill 69 cars were built in the first few months, beyond. Signed by H. H. Franklin. This Emerson’s stock brokers sold $1.5 million was America’s most successful air cooled Order Your Copy Today! worth of shares, and were later convicted automobile. Wilkenson developed this car of mail fraud. while working for New York Automobile, B3000 American Automotive but he never got paid. Shortly thereafter he Stock Certificates by Lawrence C4518 Flint Motor (MI) 1923. 5 shs, purple. was introduced to H. H. Franklin, a former Filalulastterra, te1d9 9c7o. ll4e0c0to rpsp’, gfuulildye- TInsowstu oce adwn dcouemlrlieenndg . htEho.e l Ady .e taWhre r oiFfg LhintI.cN oETrFp .no raamtieopn$l 1aa2tne0d. ncYaeoswrtkisn pAgau pbteorum spiounbbeillseiss .ha neTdrh wperyho odt uowcoeakds oai nvl oetnrh geN ldeinwiee with values. A must for any Part of the Durant empire, these cars of Franklins until 1935. VF+.* (np) $300 collector of automobile stocks. were produced in Long Island City, in Mint. $49 Elizabeth, New Jersey, and later, in Flint, Michigan. Page 2 R.M. Smythe & Co., Inc. 26 Broadway, New York, NY 10004-1701 212-943-1880 Antonio bites HAIIIEY-DAVID50NJNC. 4larkiuiu iflntnrs (Cnrpurattnu o' mmmmm AV.X-URC..- * ♦ ' xtw Harroun Motors Corporation iMinr /Hotor Car Corporation MOTOR CAR TH i: KISHKL MOTOR < \R (OMI’AN V THE HERTZ CORPORATION C3131 H. H. Franklin Manufacturing (NY) C6281 Honda Motor 1982. Specimen. $5000. 5 C6252 Jackson Motors (DE) 1919. 10 shs, green, 1920’s and 1930’s. Shares. Green or 1/2% Convertible Bond. Winged logo in gold embossed corporate seal. Eagle facing orange. Woman, gears, train and mill circle. This is the only one we have seen. left. Signed by H.A. Matthews, son of the beyond. Signed by John Wilkenson, auto¬ EF. $325 founder. This company manufactured cars mobile pioneer and founder. VF+.* (np) between 1903-23, merging with the Dixie $200 C6037 Hudson Motor Car (MI) 1949-1951. Flyer and the National to become Shares, blue, orange or green. Factory Associated Motor Industries. Marginal C4282 Harlev-Davidson (WI) 1995. One Share, buildings. VF+. $75 foxing at top, otherwise VF. $250 blue. Semi-nude blacksmith, large wheel. ABN. EF. $125 C6248 Hupp Motor Car (VA) 1930. 2/40ths shs, C6256 Kline Motor Car (VA) 1913. 3 3/4 shs, full blue safety underprint. The first green. Eagle faces right. Advertised as C1772 Harroun Motors (DE) 1917-20. 100 shs, Huppmobiles were four-cylinder, four- “One of the classiest roadsters for a young full brown safety underprint. CBN. Active stroke two-passenger runabouts, and they man with fastidious taste”. Unlisted in between 1917-22, this company was were an almost instant success. Over six¬ Falater, one or two known. Other is founded by Ray Harroun, who was the teen hundred were built in 1909, and with orange. (A similar example brought $396 winner of the first Indianapolis 500. The new and improved models the company in our 1997 Memphis auction). The Klines company got off to a great start, producing reached a production peak of over sixty- were manufactured in Richmond except 500 cars before a large government con¬ five thousand cars in 1928. The 1929 for the engines, which were built in the tract for munitions came through. Harroun Crash and the advent of sleeker, newer North. VF+. $600 installed a half a million in new machin¬ competitors slowed sales during the ery, and after the war had great difficulty Depression years. Hupp Motor struggled C6038 Kissel Motor Car (WI) 1922. $1000. First settling claims with the government. They on until 1940, and reorganized, it still Mortgage 7-1/2% Sinking Fund Gold produced a quite efficient four-cylinder exists selling industrial heating units. Bond, Cb, orange. Eagle. Signed by G.A. automobile with a three-speed transmis¬ RBN. VF+.* " $100 Kissel as president. VF+. Unlisted in sion using a cone clutch. Cash flow prob¬ Falater, a total of only six examples of lems caught up with them in 1922. VF.* this wonderful gold bond are known to $100 us. VF+. $350 Among the sportiest of the Kissel C6036 Herschell-Spillman Motor (MA) 1919- speedsters was the “Gold Bug”. The car 20. Shares, orange or green. This versatile was popularized by Amelia Earhart and company manufactured cars and trucks, other celebrity purchasers including Fatty but also produced carousels and other rides Arbuckle, A1 Jolson and Ralph DePalma. for amusement parks. VF+.* $150 C6257 Hertz (DE) 1955. Specimen. $100. 4% Convertible Subordinated Debenture. Man and woman flank logo on map. The famous rent-a-car company. CBN. EF. STUDF. BAKTR $125 R.M. Smythe & Co., Inc 26 Broadway, New York, NY 10004-1701 212-943-1880 Page 3 Automo biCes fflarrmtlirr iHuInrs (Company f C6268 w:~ iiortjjtoap fflotovs Corporation Pan MomR-Company pft* }Jan iflntnr (Citnipatui pA^ C3498 Lafayette Motors (MD) 1923. 100 shs, C6284 Marmon Motor Car (IN) 1933. 50 shs. C6250 Northway Motors Sales (MA) 1920. 2 brown. Eagle. EF. (np) $250 brown. Man holds gear, women, winged shs, brown. Preferred. Cartoon-like illus¬ Issued to Nash Motors. Charles Nash wheel. ABN. Lightly stained, otherwise tration of a dump truck. Also included: organized Lafayette in order to produce a VF. " $200 Northway Participation Trust luxury car. He employed many of the peo¬ Certificate (MA) 1920. 3 shs. North way ple involved in Cadillac. The post-war C3495 Moon Motor Car (DE) 1930. Shares, Guaranty & Discount (MA) 1920. 2 1/2 Depression caused Mr. Nash to remark orange, green. Woman holds MOON sign shs, green. Northway Guaranty & ‘There have been far better times to intro¬ board. EF. $325 Discount (MA) 1920. 5 shs, brown. duce a new motor car.” He was absolutely While Moon was an “assembled” car Preferred. Offered as a group only. All correct. A few months after this certificate (the engines came from Continental VF+orso. (np) $375 was issued the company was sold to Ajax. Motors) it was a well-built automobile with many advanced features for its day. C3503 Packard Motor Car (MI) 1930’s. Less These included detachable wheels, balloon than 100 shares, orange or black. Robed C3398 Lincoln Motor (DE) 1921. Orange or tires, Lockheed hydraulic, and a distinctive woman holding victory wreaths above two green. Certificate for Class A Shares. Rolls-Royce-like radiator. In 1925 their men. ABN. EF. * $29 DMSiugonrtoIaenrnd st 1b’t9syo 1 LC7fo eaHuldaneindnlld raLy ca i nnLdcdeoil vaNlnnias.d si Wohle.n if tVth oTF fa+h Go.c m(oennna$ptes7)r ra5Cac l.t nbctooue mwgths be m itenhoneadddt e orwle,f is tttuhhhl eett e hMdDe oiisaontno nabc. ,ka d hm apadur kbseloitmc citerya .ds heT,s hilgaetnd, C6039 PvI1s,ia0scuc0toek0d raSy rth dowa rMMreeseoa,r ttrrhoeilsrdl . fCLRlayaonnrb cke(hedM,d wP I)bio eymr1 ca9tewn4, 2ohF- o1emln9dn5einn3egr.. to build 6,000 Liberty engines, and a ten C6794 Moon Motor Car (DE) 1930. Shares. and Beane. While orange and black million dollar advance, the Lelands Brown. Woman holds MOON sign board. Packard certificates are relatively seemed sure to get off to a fast start. The VF+. (np) $425 available, these cherry red 1,000 share initial offering of $6.5 million in stock certificates are rarely seen. EF. sold out in three hours, but the euphoria C6794 Nash Motors (MD) 1916. 34 shs, green. Premium quality. $125 peesadprcirignvoeqimhveusdetiie roydnimn ntte. go icnl oldhbini eosat n rpnoa rdwcef tomn.t hr Ia emntL u uc1ironce9hm.c2 -To2pn lhaeHnene e dyMwne rladoyor st lFcout aoxrimsturs,dr ey gt p thooacuvia ¬dasr C6243 NCsbNelhuaaaitesselh.hd d - W Kwmhoooeamlmlndvaeiuinnnnfg,.aa crttoeVtoufrFrr rci+e(ghMd.e er( Dsanc,tp) ai )ofr l1sna.9 n c3kGo7ei.e ld.o 1 rCb0g0yhe $ a s9trwhWl5es os,. C6268 CPbPSlauiaaavgynpninsidi enhtoadMg llp f bro$osyo9 t tsoh,Sop5coare0ko mc0.dt (u, D G0Pso0 Earrt0enn)he daawnomt1. ol 9lfeurOo1ntrh,8pet . .edw on PhOfi An otsnvo Ntpeuoers c rothikoSdnu.rug hsbcO aceciranndaeplt roya... Mason was president of Kelvinator, the about 700 cars were built, and Pandolfo C6261 Macomber Motors (CA) 1918. Shares. refrigerator company. Nash wanted got a free ride to Leavenworth for what Orange underprint. Eagle faces right. The Mason. Mason agreed to work for Nash, was then called one of the biggest adver¬ Macomber was a rotary air-cooled engine but only if Nash bought Kelvinator. While tising frauds of the century. VF+.* $350 used in Eagle Cycle Cars and Eagle- people joked about the strange combina¬ Macombers up until 1918. VF+.* $300 tion, Nash went on to sell nearly 86,000 C6282 Pan Motor (DE) 1920. 5 shs, brown. First cars in 1937. ABN. EF. $75 Preferred. PAN on either side of the title. C6280 AfMbaencrage cs1e 5loel8mes.f. tVb. 2eFE5r. a* sr Mhl(yns p.ov )tGa oroirelstd y^ .(u CLnAdoew)r ps1rei9nri1ta.3l .E n$au2Lgm5ol0¬es C6278 Nbcmraaoornswr utnhwf.aw icTtthauhy reRe sdMeo li6lnos1 t-N oRharootsiyr cs(ckeMe pu oAntwyt)ipl e er11 99sg22irx20i-l.. cl syV3 l wiFns+ehd.res e.r C1007 APVshe Fsel+,ar .ltb eersro swv Manr. ioeAttoylrl,e gCnooartri c oa(Vfl teAfni)g ue1rne9cs2o,7 u-b2ne9tee.$h r1i1ev50de00., $100 factories. ABN. VF+. (np) $35 Page 4 R.M. Smythe & Co., Inc. 26 Broadway, New York, NY 10004-1701 212-943-1880 Slutomo biCes C1308 Peerless Truck & Motor (VA) 1923-25. C6040 Rolls-Royce, Ltd. (England) 1971. 100 C5000 Steinmetz Electric Motor Car (MD) Shares. Women, beehive, train and shs, green. Morgan Guaranty Trust 1920’s. Less than 100 shares. Blue com¬ factories beyond. ABN. VF. (np) Company of New York American mon. SBN. Extremely Fine. * Scarce. $25 each, Two for $49. Depositary Receipt. Full green textured $200 underprint. By 1971 the unthinkable had Charles Steinmetz, the driving force C3227 Pierce-Arrow Motor Car (NY) 1935. happened - the British car manufacturer, behind this company, was a genius in 100 shs, orange. Allegorical man, factory . renowned for classical styling, lush electrical theory and research. His Pierce logo. ABN. VF+. (np) $200 interiors and aristocratic price tags - had investors were convinced that Steinmetz gone into voluntary liquidation. Don’t could produce an electric automobile that C6265 Rauch & Lang (DE) 1920. 2 shs, orange. miss this opportunity to add this rarely- would sell for less than $500. Prototypes In 1920, Stevens-Duryea bought this elec¬ offered automotive legend to your were built and tested, but they could not tric car manufacturer from Baker R & L collection. EF, lightly rubber-stamped compete with Henry Ford’s gas-powered and produced both electric and gasoline depositary endorsements. $100 Model T’s. taxi cabs. VF.* $200 C6271 Steinmetz Electric Motor Car (MD) C4409 REO Motor Car (MI) 1916. 50 shs, C6264 Rowe=Stuart Motors (DE) 1923. 32 shs. 1921. 10 shs, green. VF, very light stains green. Winged “REO” monogram flanked Eagle faces left. Goes 71. VF. $175 in the right margin, (np) $170 by women. Signed as president by Ransom E. Olds, the man who built the C6244 Sterling Automobile Manufacturing cOelsdssfuml ocbairle i,n tAhem feirriscta .c Oomldms edricffiearlelyd wsuict¬h C3373 Smith Motor Truck (VA) 1916-18. 100 (SNtaYte) se1a9l.1 6M. in1o0r sehdgs,e tberaorws, no.t hNerewwis eY VorFk. the Smiths, the majority stock holders of shs, green borders and security underprint. $160 the original Olds Motor Company, and he Temporary Certificate. ABN. EF. (np) The organizers promised an automobile went out on his own to start REO. Public $15 each, Two for $28. “...as mechanically perfect as the develop¬ acceptance of the Olds name was immedi¬ ment of the industry will permit, ” and ate, and the company prospered until the C6274 Star Motors (DE) 1924. One Share, red. Roadsters featured radiators made of Great Depression. VF+. $425 Five-pointed star, factories. The Star was “...genuine honey comb with plated William Crapo Durant’s answer to Ford’s German silver... ”. Sales were minimal and C4408 Rickenbacker Motor (MI) 1926. 100 shs, Model T, and Durant’s personal charisma in 1916, the same year these certificates green. Winged wheel leads three allegori¬ helped sell over 300,000 between 1923 were issued, the company was sold to cal figures into the future. In 1926, when and 1928. VF+.* $150 Charles W. Ames. this certificate was issued, the Rickenbacker was America’s fastest stock C6075 Stevens Duryea, Inc. (DE) 1920. 2 shs, car, and over 34,500 cars may have been green or orange underprint. SD trademark built. Eddie Rickenbaker, World War I underprint. VF+. $75 Ace fighter pilot, lent his name, prestige and reputation to the company, but had little to do with the actual management. VF+. (np) $475 C6277 Rolls-Royce Motors Holdings. Specimen. Ordinary shares. Rolls-Royce logo. On gray paper. EF. $150 R.M. Smythe & Co., Inc 26 Broadway, New York, NY 10004-1701 212-943-1880 Page 5 Slu tomobiCe-s ipHrtnr JJartr fHnturs (£nrpnratinn| C3010 Studebaker (NJ) 1933-1935. 100 shs, red. C5098 United States Automotive (DE) 1920. Vignette of “First Studebaker Shop.” A One Share. Orange. “Minute Man” with blacksmith shoes a horse in front of the rifle. Originally the Lexington Motor first Studebaker shop as a child looks on. Company, it was founded by Kinsey ABN. VF+. $90 Stone, a Kentucky race horse promoter. By 1872 the Studebaker Brothers of The models included “Thoroughbred Six", South Bend, Indiana, were already one of “Minute Man Six” and others popular the largest manufacturers of vehicles in the from 1090 to 1927. In 1920 Lexingtons world. Their contract to supply the Union placed first and second in the Pikes Peak forces with wagons during the Civil War Hill climb. HBN. EF. * $120 had been quite lucrative, and in 1902 they began to produce electric cars designed by C4420 Velie Motor Vehicle (IL) 1914. Partly- Thomas Edison. During the late twenties, printed bank check. 1909 Velie Model A, Studebakers were winning more races than Touring Car. Issued in Moline, Illinois, but the company could keep track of, and they Templmr drawn on the account of Velie Motor of St. seemed to be headed for total success, but in Louis. VF+. (np) $75 1928 Studebaker acquired Pierce-Arrow. The worsening economic climate and the The Superfine Small Car C6270 Victor Page Motors (DE) 1926. 23 shs, financial burden of this large acquisition led blue. Eagle, Capitol Building. Major Page to receivership in 1933. Pierce-Arrow was C6269 Templar Motors (OH) 1920. Cleveland. relied on his name and reputation as a sold, and Studebaker recovered, producing Shares, brown, orange. Eagle faces left. mechanical expert to sell cars. $1,500,000 fine automobiles for another thirty years. The “Super-Fine Small Car.” Production worth of stock was sold, but only 128 cars C4672 SsShthouapdr eeitbs w.a khGeerrree e 1int9 .a 3lT0l ’hsste,a ro1ter9di4g.0 iVn’saF,l + ab.n l(dan cp1k)9 s5m$07i’ts5h. owpwfraa otsshd iuhscca ostltitnyoevldnies hralit,ln emmedo o osdttpo ee irmnnaie msdmti,ec ud atinnoaidutter iliotnyhng esa r ffotapeaclrdta sotnthretyer. chSaoigmldneee dros f bfsy ut hPeead g paern oadds upPcrateigsoiend eflnoitnl.de V.e dFT +hi.ne* s1$to92c22k45¬. Templar survived the war and prospered C4242 Willys-Overland (OH) 1928-29. Shares, C6258 S20tu tszh Ms, otfourl lC balru oef Asamfeetryic au (nNdYe)r p1r9in31t.. Cwhhiecnag Co aton nNoenw B Yaollr kB iank uenr dderr o2v7e hforuorms, bbylu em. aWle ialnlyds -fOemvaelrela anndg enla. mAeBpNla. teV Ffl+a.n ked Temporary Certificate. No car is more but in 1920 a fire destroyed the plant and $125 closely identified with the era of the company’s future. VF+.* $150 John North Willys would surely be Charleston and bathtub gin. The Stutz pleased to know that the product he pio¬ Bearcat of the 1920’s was a far cry from C5086 Tucker (DE) 1947-48. Shares. SBN. neered in 1914 was still part of today’s the one-cylinder auto that Harry C. Stutz Distinctive “TUCKER” corporate title automotive scene. He would also be created from pieces of farm machinery in slants right. EF. * These are becoming dif¬ pleased to see that Jeep is part of Chrysler, 1898. This blue variety is unlisted in ficult to find. $150 because in 1919, when Willys was forced Falater. Pinholes, light stains on the back In the late 1940’s, Preston Tucker’s to accept outside managerial help, it was only, otherwise VF. All issued Stutz modernistic automobile designs were a Walter P. Chrysler who stepped in until certificates are scarce. $200 threat to the ultra-conservative Detroit car Willys was able to regain control. makers who were producing automobiles C4403 Stutz Motor Car of America (NY). that had changed very little since the C3012 Willys-Overland (OH) 1933. 100 shs, Specimen. Shares, orange. Winged beginning of World War EL A movie based brown. Eagle perched on globe. Light STUTZ logo flanked by two women. ABN. on Tucker’s life illustrates just how threat¬ brown wavy underprint. VF+. (np) $75 EF+. Only a dozen or so are known to us. ened they were. $650 R.M. Smythe & Co., Inc. 26 Broadway, New York, NY 10004-1701 212-943-1880