690

Cord Corporation, ca.1910-1920 Progress Proof Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:230.00 USD Estimated At:300.00 - 500.00 USD
Cord Corporation, ca.1910-1920 Progress Proof Stock Certificate
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Delaware. Odd Shares, Plate Cancellation Progress Proof stock certificate, Vignette, title and text without border. Purple stamped canceled across certificate. VF condition. Tri-motor airplane flying over speedboats, Duesenberg and Auburn Automobiles. Cord headed the Cord Corporation and owned two aviation companies, Stinson Aircraft and Lycoming Motors, two automobile companies, Auburn and Duesenberg, and five other engine manufacturers. In 1932, Cord formed the Airplane Development Corp. as a subsidiary of the Cord Corp.. In early 1932, Cord faced labor problems with his airlines pilots and he sold both airlines to American Airways. In 1934, Aviation Corporation was required to divest American Airways which was promptly renamed American Airlines. Facsimile signature of E.L. Cord. Rare and historic certificate. SBNC. Only 2 examples found in the ABN Archives in 2002, this is the only example available. Rare American Airlines Pioneer and Predecessor Company.