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Auction: 20119 - Stocks and Bonds of the United States of America e-Auction
Lot: 109

Davis Car Company, Washington, 6½% Mortgage bond for $50, 1923, #340, brown, with coupons. Incorporated in 1914 with offices in Seattle but they were not ready to produce their automobile until 1920 when the company took a large advertisement in the Seattle press holding a competition for a name (presumably because there was already a popular Davis which had been in the market for some years). The prize for the person suggesting the best name was a new car! The name settled on was the Totem and it went into production but only lasted until 1922 with some 60 cars built. GVF.

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Starting price
$50