General Engineering Co. of Detroit, Michigan - 1925 dated Stock Certificate
Inv# GS6977 Stock
Stock printed by Goes. Detroit, Michigan.
The General Engineering Company of Detroit, Michigan, holds historical significance for its pivotal role in early 20th-century automotive innovation. Notably, it served as the initial corporate vehicle for Abner Doble’s pioneering steam car experiments. Established in the mid-1910s after Doble relocated from Massachusetts to Detroit, the company played a crucial role in developing the advanced Doble steam engine. This engine aimed to revolutionize steam-powered transportation by incorporating quick-start capabilities and condensed exhaust systems. The company’s efforts eventually led to the formation of the Doble-Detroit Steam Motors Company, marking a brief but ambitious chapter in Detroit’s competitive industrial landscape.
Beyond its early automotive connections, various entities with similar names have contributed to the region’s manufacturing and consulting sectors for decades. For instance, the General Detroit Corporation, which relocated to Detroit in 1936 to capitalize on the city’s extensive supply chains, underwent a transformative journey. Initially established as a manufacturer of fire apparatus, the company later transitioned into a major producer of fire extinguishers and safety equipment. These firms collectively exemplify the “Arsenal of Democracy” spirit, where Detroit’s engineering expertise was continually adapted to meet both civilian and specialized industrial needs throughout the 20th century.
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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