American Car and Foundry Company Stock Certificate

American Car and Foundry Company

SKU: 3258

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Images are representative of the piece you will receive



Over 50 years old



Common stock



1950's



Issued, canceled



American Bank Note Company



Machine printed signatures



12" (w) by 8" (h)



NA

American Car & Foundry traces its history to 1873, the year the St. Charles Car Manufacturing Company was founded. This was one of the thirteen railroad carbuilding companies that merged in 1899 to form the American Car and Foundry Company. The country's first railroad tank car, a "tub car" was built by one of these companies in 1889.

Five years after the 1899 merger, the first all-steel passenger car ever ordered from a car builder left the former Berwick, Pennsylvania shop. It was the first of a shipment of 300 similar cars built for New York City's pioneer subway, the Interborough Rapid Transit Company. By 1906, AC&F had steel shops at St. Louis, Detroit, Berwick, Huntington, and Madison, IL.

American Car and Foundry Company's reputation rapidly spread abroad and in 1905 more than 100 motor and trailer subway cars were shipped to England for use in London's underground system.

In 1917, a tank car leasing operation began which, in 1923, became Shippers Car Line, and later was acquired by AC&F in 1927. During World War I, AC&F produced artillery gun mounts and ammunition, field kitchens, pack saddles, submarine chasers, cloth shrinking machines and rollers, and even wooden tent pegs, as well as railway cars, for the Allies. AC&F's Wilmington plant also produced boats for the navy, and after the war switched production to yachts.

In 1922, AC&F expanded into the automotive field by acquiring Carter Carburetor Corporation of St. Louis. This was our first step in product diversification - planned and executed long before the diversification concept became the by-word of American industry. In 1925, AC&F acquired Fageol Motors Company, a bus builder, and the Hall-Scott Motor Car Company, which produced bus engines. In 1926, AC&F acquired the J. G. Brill Company, a streetcar builder. During World War II, several AC&F plants produced army tanks, aircraft subassemblies, artillery shells, armor plate, and hospital cars, as well as ordinary railroad cars.

The ACF-Brill Motors Company was formed under a June 19, 1944 agreement between American Car & Foundry Motors Company and the Brill Corporation. The company owned no physical properties but was the sole stockholder of its operating companies – the F.G. Brill Company, Philadelphia; the American Care and Foundry Motors Company; the Hall-Scott Motor Car Company, Berkeley, California, and the Fageol Motors Company, manufacturers of trolley coaches, steel metal pressings and engines.

The American Car and Foundry Company and a subsidiary, American Car and Foundry Investment Corporation, owned about 45 per cent of the common stock under the merger agreement, exclusive of 280,138 shares registered for purchase on the exercise of warrants. American Car and Foundry Investment were also issued warrants for 178,072 shares of common stock under the merger agreement. A total of 1,250,000 shares were authorized to be issued.

Although ACF's motor buses were highly regarded by it their users, they never got above fifth place in sales and at War's end, the newly-organized ACF-Brill Motors Company was put up for sale. Ripe with cash from massive wartime contracts, Consolidated Vultee Aircraft Corporation purchased all of American Car & Foundry's bus building divisions from A.C.F. in early 1946.

The sale to Consolidate Vultee ended ACF-Brill's involvement with American Car and Foundry and the motor coach manufacturer now answered to the directors of Consolidated Vultee. All former ACF motor coach assets were transferred to Consolidated-Vultee's 4-year-old Nashville, Tennesee facility and bus production commenced in late 1945.

At the end of the War, General Motors couldn’t keep up with the demand for their highly-regarded diesel transit coaches to the benefit of the nation’s smaller bus manufacturers such as ACF-Brill. Large fleets of gasoline–powered ACF-Brill transit coaches were sold to a handful of East Coast operators who were desperate for product, one example being the Baltimore Transit Company who ordered 162 ACF-Brill gasoline coaches in 1947.

A small number of Willys-badged 15-17 passenger coaches were constructed in the late 1940s using chassis supplied by Willys-Overland, but the underpowered coaches were not successful. For a short period of time ACF-Brill’s trolley coaches proved popular with municipalities seeking to replace worn-out streetcars and a few large orders were placed by surface transit operators in Boston, Chicago, East St. Louis, Houston and other smaller cities. A few orders trickled in for ACF-Brill's line of intercity coaches, which had enjoyed moderate success before the war, but like their main competitor, Flxible, post war sales disappeared once it became known that new Diesel-equipped GM Silversides were available.

Once their diesel transit coach operations got up to speed, it was nearly impossible to compete with General Motors and by 1952 orders for new ACF-Brill transit coaches dried up completely. ACF-Brill tried to break into the school bus market with a line of Brill-badged purpose-built school buses, but sales were disappointing at best. Flxible managed to stay in business into the late 1950s but Consolidated-Vultee's directors shut down all bus production in 1954. The firm's Nashville plant remained in operation producing television cabinets and airplance components into 1959 when it was taken over by AVCO.

By 1954, the corporation's interests had become so diversified that the name was changed from American Car and Foundry to ACF Industries, Incorporated. ACF produced its last passenger car in 1959.

In 1955, one of the fastest and largest mergers in the midwest retail food market occurred. ACF-Brill Motors shifted gears and in the space of a few months and gained control of 135 supermarkets with annual retail sales of $240 million.

The company purchased 50 percent of Wrigley Stores Inc., acquired control of wholesale food distributor Abner A. Wolf Inc., purchased Big Bear Markets of Michigan, Humpty Dumpty Supermarkets in Oklahoma, and 13 other markets operating under the name William Edwards Co. in Ohio. The newly formed company was renamed ACF-Wrigley Stores Inc.

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Are the certificates offered on your site genuine or reproductions?

All of our pieces are genuine - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.

All of our pieces are genuine - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.

Are the certificates you sell negotiable on any of today's stock markets or indexes?

Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!

Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!

Are the images presented in your product listings of the exact piece I will receive?

It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.  

It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.  

How will you ship my order and how much do you charge? 

We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.

We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.

Can I return my purchase? 

Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.

Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.

Do you buy stocks and bonds?

Yes. We purchase old stocks and bonds as collectible pieces. Feel free to contact us or use our chat system to let us know what you have. We will get back to you as soon as we can!

Yes. We purchase old stocks and bonds as collectible pieces. Feel free to contact us or use our chat system to let us know what you have. We will get back to you as soon as we can!

Do you research stocks and bonds to determine if they are still negotiable?

No we do not. You would need to have a firm that specializes in such a search to determine if your stock or bond remains negotiable. We buy and sell stocks and bonds as collectible pieces only.

No we do not. You would need to have a firm that specializes in such a search to determine if your stock or bond remains negotiable. We buy and sell stocks and bonds as collectible pieces only.

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