Rockne Motors Corp. - Named after Knute Rockne - Automotive Stock Certificate
Inv# AS1369 Stock
Unissued Stock printed by Hasbrouck, Thistle & Co., N.Y. The Rockne was an American automobile brand produced by the Studebaker Corporation of South Bend, Indiana, from 1932 to 1933. The brand was named for University of Notre Dame football coach Knute Rockne and were produced in Detroit, Michigan. Discussions between Studebaker and Knute Rockne began in 1928. Rockne was offered a high-visibility job by Studebaker president Albert Erskine. Studebaker planned for a durable, inexpensive car. The Rockne would replace the slow-selling, unduly expensive Erskine car.
There were two prototypes that some would consider 1931 Rocknes. In 1930, Ralph Vail and Roy Cole operated an engineering/consulting firm in Detroit. Willys-Overland commissioned them to design a new small six and build two prototypes. Upon presenting the two vehicles to W-O the independent designers/engineers were told W-O was on the verge of bankruptcy and they could do what they wanted with the cars, one a sedan, one a coupe. Vail stopped in South Bend and demonstrated the car to Albert Erskine, at that time president of the Studebaker Corporation. Erskine bought the design that day and both Vail and Cole would be brought into the Studebaker organization. The Rockne moniker was a later adoption so, technically, there were no 1931 Rocknes. Read more at https://en.wikipedia.org/wiki/Rockne
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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