Ransom Eli Olds signed Reo Motor Car Stock Certificate - 1916 dated Autograph of for Sale

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Ransom Eli Olds signed Reo Motor Car Stock Certificate - 1916 dated Autograph of For Sale

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Ransom Eli Olds signed Reo Motor Car Stock Certificate - 1916 dated Autograph of:
$540.00

Great 1916 stock with Olds signing at front as President. Nice signature, lightly hole cancelled. Excellent Condition. Great! Ransom Eli Olds (June 3, 1864 " August 26, 1950) was a pioneer of the American automotive industry, after whom the Oldsmobile and REO brands were named. He claimed to have built his first steam car as early as 1887 and his first gasoline-powered car in 1896. The modern assembly line and its basic concept is credited to Olds, who used it to build the first mass-produced automobile, the Oldsmobile Curved Dash, beginning in 1901. Olds was born in Geneva, Ohio, the youngest son of blacksmith and pattern-maker Pliny Fiske Olds and his wife, Sarah Whipple Olds. His parents moved the family to Cleveland, Ohio, when Olds was still a boy. He eventually settled in Lansing, Michigan, where he married Metta Ursula Woodward on June 5, 1889. He was of English ancestry with the first paternal line coming from Dorset, England in 1667. He founded the Olds Motor Vehicle Company in Lansing, Michigan, on August 21, 1897. The company was bought by a copper and lumber magnate named Samuel L. Smith in 1899 and renamed Olds Motor Works. The new company was relocated from Lansing to Detroit. Smith became President while Olds became vice president and general manager. By 1901 Olds had built 11 prototype vehicles, including at least one of each power mode: steam, electricity Item ordered may not be exact piece shown. All original and authentic.