Stevens Duryea, Inc. - 1920-22 dated Chicopee, Massachusetts Automotive Stock Certificate
Inv# AS1048 StockLarge green, yellow or aqua company logo at center by Brooks Bank Note Co. Rare state for auto manufacturing. Great! Excellent Condition. Available in Green, Yellow or Aqua. Please specify color.
Stevens-Duryea was an American automobile manufacturer that operated in Chicopee Falls, Massachusetts, from 1901 to 1915, producing Veteran and Brass Era vehicles, and later Vintage Cars from 1919 to 1927. The company was established by J. Frank Duryea in collaboration with the J. Stevens Arms and Tool Company, with the aim of constructing vehicles based on Duryea's designs. The initial model was a two-cylinder runabout, which later evolved into luxury vehicles featuring four-cylinder engines and played a significant role in the advancement of six-cylinder automobiles. Renowned for its quality and craftsmanship, the company ceased operations in 1915 due to a downturn in the economic climate. In 1919, a new entity acquired the rights and engineering assets of Stevens-Duryea, resuming limited production until 1927.
After leaving the Duryea Motor Wagon Company in July 1898, J. Frank Duryea was engaged to develop a vehicle for the American Automobile Company based in New York. However, upon realizing that the company prioritized stock promotion over actual vehicle production, Duryea returned to Springfield (Hampden County) in 1900. He subsequently established an engineering firm with his chief mechanic, John S. Jones, and draughtsman William M. Remington. The Hampden Automobile & Launch Company produced one launch and three prototype vehicles. Operating from a modest workshop, the company sought a manufacturing partner and ultimately collaborated with J. Stevens Arms and Tool Company, which had available manufacturing space and financial resources.
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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