Intricately engraved antique stock certificate from the Earl Radio Corporation dating back to the 1920's. This document, which carries printed signatures of the company President and Treasurer, was printed by the E. A. Wright Bank Note Company, and measures approximately 11 1/2" (w) by 7 3/4" (h).
This certificate features a detailed vignette of the Earl company crest flanked by an industrial scene complete with trucks and a train.
Clarence A. 'Earl' was appointed president of the Freshman Co. in April of 1928, following takeover of the firm by Walter P. Chrysler in late 1927. Charlie Freshman was appointed Chairman Of The Board but was out entirely by September of that year.
In November of 1928 the Freshman Co. merged with Freed Eisemann, planning to produce both brands in a single facility and save on expenses. The Freed Eisemann name was kept, but the Freshman name was changed to "Earl" in July of 1929 when the corporate name was changed to the Earl Radio Corporation.
The arrangement was short lived due to economics of the times: expensive sets pretty much stopped selling after June of 1929. The Earl Radio Corporation went into receivership on November 22nd. Efforts to secure new financing failed and the factory in Clifton, New Jersey was sold in July of 1930 to Kolster.
Just weeks before the stock market crash of 1929 that ultimately sealed the fate of the Earl Radio Corporation, a vice president of the company jumped to his death from the window of the Hotel Shelton on Lexington Avenue. His suicide note read, "We are broke. Last April I was worth $100,000. Today I am $24,000 in the red."