Tucker Corporation signed by Preston Tucker and Preston Tucker Junior - 1947 dated Voting Trust Certificate - Only 8 Discovered
Inv# AG1852 Stock
Fantastic piece of Automotive History. Voting Trust Certificate for Class "B" Common Stock. Signed by Preston Tucker, Fred Rockelman, Preston Tucker Jr. and Lee S. Treese. Fred Rockelman was a Tucker Vice President and Sales Director formerly a president of Plymouth. Lee S. Treese was the Tucker Vice President of manufacturing and formerly a Ford executive.
Preston Thomas Tucker (September 21, 1903 – December 26, 1956) was a notable American automobile entrepreneur, best known for the Tucker 48 sedan, originally referred to as the "Tucker Torpedo." This vehicle was pioneering in its introduction of numerous features that have since become standard in contemporary automobiles. However, production of the Tucker '48 was halted on March 3, 1949, amid a scandal involving allegations of stock fraud. The 1988 film Tucker: The Man and His Dream chronicles Tucker's vision and the challenges faced during the car's production. Born on September 21, 1903, on a peppermint farm near Capac, Michigan, Tucker was the son of Shirley Harvey Tucker, a railroad engineer (1880-1907), and Lucille Caroline (née Preston) Tucker (1881-1960). Following his father's death from appendicitis when Preston was just two years old, he was raised by his mother, a teacher, in Lincoln Park, a suburb of Detroit.
Tucker developed a fascination with automobiles early in life, learning to drive at the age of 11. By 16, he began acquiring late-model cars, refurbishing them, and selling them for profit. Although he attended Cass Technical High School in Detroit, he left to work as an office boy at Cadillac Motor Company, where he utilized roller skates to navigate the workplace more efficiently. In 1922, despite his mother's objections, Tucker joined the Lincoln Park police department, motivated by his desire to operate the department's fast police cars and motorcycles. However, his mother successfully had him removed from the force, citing his age as a reason, as he was only 19, below the department's minimum age requirement.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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