^Lot 312 Piper Aircraft Corporaiton,

PA. 1950-60. Specimen. 100 shs. common, blue. William T. Piper's career in aviation began in 1929 when he purchased a stake in Taylor Brothers Aircraft Corporation located in Bradford, PA. After several lean years due to the national depression the sale of aircraft began to pick up, but in March 1937a fire completely destroyed the factory. The company, now owned by Mr. Piper, relocated to Lock Haven, PA, purchased a much larger facility and changed the name to Piper Aircraft Corporation. To meet the increasing demand for light personal aircraft, Mr. Piper developed an assembly line production system which enabled the company to become America's foremost small plane manufacturer. FBC. XF.