These issued & cancelled "The Studebaker Corporation" stock certificates are from the 1940/1950s have a scene of a blacksmith's house with a horse and child outside. Available in green or purple. Punch holes present. 

The Studebaker Corporation started in 1852 in South Bend, Indiana, when brothers Henry and Clement Studebaker used their blacksmithing skills to launch a wagon-making business. With just a $68 investment, they quickly found success, landing a major contract with the U.S. government in 1857 to supply wagons for federal troops.

Their reputation grew during the Civil War, as they became a key supplier for the Union Army, fueling rapid expansion. By 1868, the company was officially incorporated as the Studebaker Brothers Manufacturing Company, with Clement as president, John Mohler as treasurer, and their brother Peter as secretary.

In 1902, they began making electric cars—an innovative move at the time—catering to city drivers looking for a clean and easy-to-use vehicle. Just two years later, they teamed up with Garford to produce gasoline-powered cars, blending Studebaker-built bodies with Garford’s chassis. This seamless transition from wagons to automobiles set Studebaker apart from other wagon makers. Their legacy as pioneers in American car history is undeniable, from their early electric vehicles to their lasting influence on how cars are built and marketed today.

In an attempt to stabilize its finances, Studebaker merged with Packard in 1954, forming the Studebaker-Packard Corporation.

The South Bend plant closed in 1963, and the company's last cars were produced in Hamilton, Ontario, until March 1966. The closure was partly due to the inability to compete with the Big Three automakers and the failure to adapt to changing market conditions. The company officially ceased to exist as an automobile manufacturer in 1967.