American Automotive History Studebaker Packard and Studebaker Worthington Stock Certificates

Studebaker Packard Worthington Automobiles

Ephemera and pamphlets

Studebaker-Packard Corporation and Studebaker-Worthington, Inc. Two original stock certificates documenting successive corporate phases in the history of Studebaker, from its mid-century combination with Packard through its later transformation into a diversified industrial company. Founded in South Bend, Indiana, in 1852 and incorporated in 1868, Studebaker moved from wagon manufacture into electric automobiles in 1902 and gasoline-powered vehicles in 1904. The certificates record the corporate restructuring that followed increasingly difficult competition in the American automobile industry and, later, the end of Studebaker automobile production.

Two original stock certificates issued under the names Studebaker-Packard Corporation and Studebaker-Worthington, Inc., each with engraved decorative vignettes and securities typography. Studebaker ceased production at its South Bend plant on December 20, 1963, and the final Studebaker automobile was produced at Hamilton, Ontario, on March 16, 1966. The two certificates document the company before and after that transition, preserving the names adopted during major reorganizations of Studebaker’s business.

[1] Studebaker-Packard Corporation. Stock certificate. United States, undated. The certificate bears the corporate name adopted after Studebaker’s combination with Packard during the 1950s, when both manufacturers faced intense competition from larger producers including Ford and General Motors. Studebaker-Packard continued to market Studebaker and Packard automobiles until the late 1950s; the “Packard” element remained in the corporate name until 1962, when the company again became Studebaker Corporation.

[2] Studebaker-Worthington, Inc. Stock certificate. United States, undated. Issued after Studebaker ended automobile production and entered a new corporate phase involving Wagner Electric and Worthington Corporation. The resulting Studebaker-Worthington company continued as a diversified industrial concern until its acquisition by McGraw-Edison in 1979, after which the Studebaker name disappeared from the American corporate landscape.

Both certificates are in very good condition. The pair records, through successive corporate names, Studebaker’s movement from automobile manufacturing into post-automotive industrial consolidation after more than a century in American transportation and manufacturing.

Item #16816

Price: $80.00