Studebaker Brothers Manufacturing Co. - Stock Certificate

Unissued Stock, Large size engraved stock by Western Bank Note Co. Chicago. Rare and Particularly Attractive!

The Studebaker Brothers Manufacturing Co. got its start in 1852 when brothers Henry and Clement Studebaker opened a blacksmith and wagon-building shop in South Bend, Indiana. The business grew significantly during the American Civil War, thanks to a government contract to build wagons for the Union Army. The company officially incorporated as the Studebaker Brothers Manufacturing Company in 1868, later joined by their three other brothers: John, Peter, and Jacob. By the end of the 19th century, the firm had become the largest manufacturer of horse-drawn vehicles in the world, producing a wide range of wagons, buggies, and carriages, and supplying equipment for westward migration and the military.

As the 20th century arrived, Studebaker successfully transitioned from horse-drawn vehicles to self-propelled automobiles, a rare feat among carriage makers. The company began by producing electric vehicles in 1902, followed by gasoline-powered cars in 1904, initially through partnerships with other manufacturers like Garford. By 1912, the company was manufacturing its own gasoline-powered vehicles entirely and established a reputation for quality and durability with models like the Commander and President. Despite financial challenges, including a major reorganization during the Great Depression, the company produced innovative and iconic models such as the Starliner coupe and the Avanti. However, intense competition from the "Big Three" automakers (GM, Ford, and Chrysler) and persistent financial troubles led to the closure of its main South Bend plant in 1963, with the final vehicle rolling off the assembly line at its Canadian plant in 1966.