OHIO 1933 The Willys-Overland Co Stock Certificate RARE Cert of Deposit JEEP

Description

The certificate is dated
July 20
, 1933.
Rare certificate of deposit.
The company operated in Toledo Ohio.
In 1908, John North Willys purchased a portion of the Standard Wheel Company in Toledo, Ohio. In 1912, Willys renamed the company Willys-Overland Motor Company. The company struggled during its first two decades in business, including going bankrupt during the Great Depression. One of the chief reasons for the firm's financial difficulties was the management's refusal to provide a safe working environment. Workers commonly went on strike, leaving the company unable to manufacture a product. In 1936, the company, now known as Willys-Overland Motors, Inc., emerged from bankruptcy on a sound financial footing.
During World War II, Willys-Overland Motors, Inc. became famous for its jeeps. In 1940, the United States Army asked more than 130 automobile companies to submit designs for a lightweight vehicle that was capable of traversing most types of terrain. The companies only had forty-nine days to provide the government with a working prototype.
Only two companies, Willys-Overland Motors, Inc. and the Bantam Car Company submitted designs. Bantam Car Company submitted its design first, and the U.S. Army chose this design. Fortunately for Willys-Overland, the Bantam Car Company faced difficult financial times, and its production facilities were too small to meet the Army's demand. The federal government supplied both the Willys-Overland and the Ford Motor Company with blueprints of Bantam's design. Both Ford and Willys-Overland modified the design. Willys-Overland provided the jeep with a larger engine. Because of Willys-Overland's superior vehicle, the U.S. Army awarded the government contract to the company. Willys-Overland also provided the Ford Motor Company with its specifications, so that the two firms could supply the U.S. Army with ample jeeps. Willys-Overland manufactured roughly 330,000 of the 700,000 jeeps used by the U.S. military between 1941 and 1945.
.
Shipping is based on mailing within the United States. International shipping is additional.
Please visit my store for additional stock certificates and bonds. I combine shipping if you ask for an invoice before paying.  I leave favorable feedback for those who do the same.