LaFrance-Republic Corporation

LaFrance-Republic Corporation
- Only one piece available...
- Inventory on the way
Product Details
Company | LaFrance-Republic Corporation |
Certificate Type | Class A Common Stock |
Date Issued | March 6, 1931 |
Canceled | Yes |
Printer | American Bank Note Company |
Signatures | Hand signed |
Approximate Size |
10 3/4" (w) by 7 3/4" (h) |
Product Images |
Show the exact certificate you will receive |
Authentic | Yes |
Additional Details | NA |
Historical Context
The precursor to the Republic Motor Truck Company was the Alma Manufacturing Company, founded by Frank Ruggles, which began producing trucks in 1913 for the Maxwell Motor Company under the Hercules name. Not long afterwards, Ruggles reorganized the company, first as the Alma Motor Truck Company and then (after changing the truck's name from Hercules to Republic) as the Republic Motor Truck Company.

The company got some early publicity from two firsthand accounts of cross-country trips using Republic trucks. One trip was taken by two men, Lester Poyer and H. L. Dewey, and their adventures were later published as a book, 4080 Mile Haul By Republic Dispatch Truck. This trip was later confused with one taken by the author Edgar Rice Burroughs (creator of Tarzan) and his family, whose adventures were chronicled in the pamphlet An Auto-Biography that was distributed by the company.
The company was already doing well by 1916, but the entry of the United States into World War I gave the company a further boost when it won one of the government's contracts to build several thousand of the so-called Liberty trucks. In 1917, Republic purchased a major supplier, Torbensen Axle Company.
By 1918, Republic was advertising in such national publications as the Saturday Evening Post, declaring that one goes to "Damascus for swords, Teheran [sic] for rugs, Lynn for shoes, Rochester for cameras, Dayton for cash registers, Alma for trucks." Over 3,000 dealers served the United States, with additional dealers in at least 56 foreign countries and colonies.
At the end of the war, Republic, which now had an annual capacity of 30,000 trucks a year, decided to expand and financed this expansion by issuing $3 million in gold notes. However, a postwar depression combined with the return of thousands of Liberty trucks to the United States led to a major reduction in demand for new trucks. Republic's output dropped to 1,453 in 1921. Selling Torbensen Axle in 1922 (later Eaton Axle and Spring, now Eaton Corporation) was insufficient to meet cash demands, and Republic was forced into receivership. After reorganization, the company attempted unsuccessfully to regain its former status as a preferred manufacturer, buying the Linn Manufacturing Company, makers of the heavy-duty Linn tractor, in 1927.
After the sudden death of its president, Oliver Hayes, in 1928, the company merged with the American LaFrance Company to become LaFrance-Republic. LaFrance-Republic in turn was purchased by the Sterling Motor Truck Company in 1932, which was purchased by the White Motor Company in 1951. A parts depot for Republic existed in Alma until 1957.
Related Collections
Additional Information
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!
All of our pieces are original - 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.
FAQ
Are the certificates offered on your site genuine or reproductions?
All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
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.
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.
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.
Shipping Information
If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
As soon as your order is shipped you will receive your tracking information via email.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
Returns
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.