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Crescent Aircraft Corp., 1929 I/U Stock Certificate.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:45.00 USD Estimated At:75.00 - 130.00 USD
Crescent Aircraft Corp., 1929 I/U Stock Certificate.
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The auction will take place on Wednesday, September 22, 2021 at AIA's office located at 1060 Main St., Suite #202, River Edge, NJ 07661 beginning at 11:00 AM
New Jersey. 25 Shares Class A, I/U Stock Certificate. Black ink with brown border and red under print. Vignette of American Bald Eagle at top of certificate. VF, Hasbrouck Thistle and Co Printers. Rare and historic aviation certificate. In July of 1929 Clarence Chamberlain, president, attempted to set a new endurance record. His plane was a Crescent monoplane retrofitted to make fueling contacts with a Goebel Chamberlain ship. The prospect for an airport in Jersey City came about after the transatlantic flights of Charles Lindbergh and the interest of a little-known transatlantic aviator Clarence D. Chamberlin in 1927. Chamberlin came into Jersey City to advance the new air travel industry with his airplane manufacturing plant and flight school, known as Crescent Aircraft Corporation, at Droyers Point. Chamberlin became a representative of the Jersey City Chamber of Congress and was named manager of the airport project.