Studebaker Mail Order Co. - 1926-1928 dated Stock Certificate
Inv# AS1384 Stock
Stock printed by Western Bank Note & Eng. Co. Chicago-Western Division American Bank Note Co. Available in Brown, Purple, Green or Orange. Please specify color.
Mail Order Firm In Liquidation Studebaker Company Notifies Stockholders of Action. Holders of Studebaker Mail Order stock, of whom there are many in Decatur, are informed in a letter from President George Stude-| baker that the company has gone into liquidation. The annual meeting has been postponed until officers find out whether or not there will be any return as the result of the sale of buildings. The company, which in 1929 had no bonded indebtedness, handled watches and jewelry, doing business by mail order and through branch stores. It acquired the Colin B. Kennedy radio, corporation at the time market was glutted with radios. Members of the Studebaker family of South Bend, that late Clement Studeincluding, the Illinois Power & Light Corporation, were heavily interested. The company's subsidiaries have been in receivership, while the South Bend Watch company which it controlled, has been transferred to note-payable creditors. From https://www.newspapers.com/article/the-decatur-daily-review-studebaker-mail/2792525/
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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