The Lexington Motor Company was founded in 1909 in Lexington, Kentucky, by Knisey Stone, a Kentucky race horse promoter. John C. Moore, the company's chief engineer, immediately started on improvements to the Lexington to keep the company ahead of its competition. His 1911 multiple exhaust was reported to give 30% more power on less fuel. Each cylinder had a separate exhaust. Dual exhaust pipes and mufflers were used. The company was promotional minded and entered both the Glidden Tour and the Indianapolis 500 in 1912.
Financial difficulties of 1913 were solved when E.W. Ansted acquired Lexington to assemble the six-cylinder Howard for a contract with a Chicago distributor. The resultant company was named Lexington-Howard. In 1915, the named changed back to Lexington Motor Company. The regular four-cylinder engine was supplemented by a light six and a supreme six. With the new Ansted engines, its cars became modern and powerful.
The formation of the United States Automotive Corporation
was announced by President, Frank B. Ansted, at the New York Auto Show on January 12, 1920. It was a $10 million merger with the Lexington Motor Car Company, the Ansted Engineering Company, and The Connersville Foundry Corporation all from Connersville; plus the Teetor-Harley Motor Corporation of Hagerstown.
The post World War I recession of the early twenties destroyed many American automobile manufacturers. Lexington Motor Car Company and United States Automotive Corporation were affected by these recessionary events. Production in 1922, plummeted to roughly a third that of 1920. In 1923, The Ansted Engine Company entered receivership, with William C. Durant
as a principle shareholder. Lexington Motor Car Company also entered receivership in 1923. In 1926 and 1927, E.L. Cord's Auburn Automobile Company purchased Ansted Engine and the Lexington Motor Car Company respectfully. The Lexington was soon phased out.Close Up of Vignette:
Common Stock, issued in the 1920’sPrinter: Hamilton Bank Note Company Dimensions:
8” (h) x 12” (w)State: DE-Delaware
| KY-Kentucky Subject Matter: Auto Makers Vignette Topic(s): Male Subject
| Unique Theme Condition:
Vertical fold lines, no cancels, and some toning and edge faults from age.