United States Motor Co. - 1911 dated Automotive Stock Certificate (Uncanceled)
Inv# AS1036 StockCommon Uncanceled Stock. Strong attractive vignette by American Bank Note. Rare! Near Mint Condition! The United States Motor Company (USMC) was organized by Benjamin Briscoe in 1910 as a selling company, to represent various manufacturers. It had begun life as the International Motor Company in 1908 in an attempt to create a major consolidation within the industry with Maxwell-Briscoe and Buick, which did not succeed. International Motor was renamed USMC in December 1909. By the end of 1910, there were 11 constituent companies, each still headed by the individual who had built each company originally. In 1910, rumors surfaced that United States Motor Company was going to merge with General Motors, but Briscoe scotched the rumors by stating that any attempt to integrate General Motors into USMC would create chaos.
This was an effort to try to save several independent automotive manufacturing companies who were having great difficulty in getting the necessary financial backing. Those companies included: Maxwell, Stoddard-Dayton, Grabowsky Motor Vehicle Company, Briscoe Manufacturing, Courier Car Co, Columbia Automobile Company, Brush Motor Car Company, Alden Sampson Trucks, Riker, Gray Marine, and Providence Engineering Works, with the Thomas and other lines coming aboard later. Read more at https://en.wikipedia.org/wiki/United_States_Motor_Company
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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