REF. NO. | DENOMINATION | DESCRIPTION | NO.ISSUED | CONDITION | VALUE |
---|---|---|---|---|---|
101 | $10 shares | 191[6], brown & black, green underprint | #A1069 | VF | $50-60 |
Granlund Motors Corporation
Stated as incorporated in Maine by 1916.
The company was promoted as going to build a large number of 1 ton trucks in a large impressive plant. However the whole thing appears to be a scam. In the photo of the factory the name was superimposed on an old cotton warehouse and the prospectus was that of a successful company with the name changed. The promoters were charged with mail fraud and it was one of many cases of stock fraud in the motor industry during this period.
Capital $1,000,000 in shares of $10.
1916