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Ransom Eli Olds - Reo Motor Car Company - Stock Certificate

Inv# AG1024A   Stock
Ransom Eli Olds - Reo Motor Car Company - Stock Certificate
State(s): Michigan
Years: 1916

Ransom Eli Olds (1864-1950), Auto-mobile Manufacturer. In 1885 he bought an interest in his father’s machine shop and after much experimentation, he produced his first “horseless carriage,” a three-wheeled, steam-powered vehicle whose first test drive roused a terrible commotion in the neighborhood. He later established the basic pattern for the Detroit automobile industry. In 1904, Olds organized the Reo Motor Car Company. President until 1924 and Chairman until 1936. Great 1916 stock with Olds signing at front as President. Nice signature, lightly hole cancelled and PASS-CO Grade EF. Great!
Condition: E.F.

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $1,235.00