Bach Aircraft Co. - 1929 dated Aviation Stock Certificate
Inv# VS1116 Stock
Large Stock measures 12 3/4" x 8 1/2".
The Bach Aircraft Company, founded in 1927 by aviator L. Morton Bach at Clover Field in Santa Monica, California, aimed to manufacture dependable trimotor airliners, aptly named the “Bach Air Yacht.” The company embraced innovative designs for its time and appointed Waldo Waterman as chief test pilot and Max B. Harlow as chief engineer. The Air Yacht stood out as a distinctive, predominantly wooden high-wing monoplane, often equipped with a combination of various engine types, including a substantial nose engine accompanied by two smaller “helper” engines on the wings.
In 1929, the Bach Aircraft Company achieved significant success when a Bach trimotor emerged victorious in the Air Transport Race at the National Air Races in Cleveland. Later that year, the company set a remarkable record by reaching a 1000-kilogram load-carrying altitude. Despite these accomplishments and the development of several models, the firm faced financial difficulties due to the economic downturn of the era. By 1931, the company underwent a reorganization and was renamed the Aircraft Production Corporation. However, this reorganization did not lead to the creation of new designs, ultimately resulting in the company’s downfall under the pressures of the Great Depression.
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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