|
Page 4 of 11
1929 was the
most profitable year yet for Checker. Repeat orders were streaming into the
factory and the new Series ''K'' was being proclaimed as the finest car ever
built. Equipped with four-wheel hydraulic brakes and shatterproof glass all
around, they were still priced at $2,500, but had now grown to a big 127-inch
chassis.
In 1929 Checker
took over Yellow Cab Co. in Chicago, and a very substantial contract came from
Philadelphia for a fleet of completely enclosed cabs, on the Model
"K" chassis. By June production was sold out and Checker bathed in
another very profitable year. Happy days were here again! Unfortunately, these
days were short lived.
Blue Monday
came with the advent of 1930. A downward trend started for Checker and every
other manufacturer in the world. Cash became tight and every Series
"K" sold was paid for by C.O.D. By the summer of 1930, with cash in
the bank, negotiations started on a nationwide basis to get the Company into
the nation's marketplace. By September that year, Checker acquired the Parmelee
Transportation Co. There were 7,500 vehicles in this fleet of cabs, trucks, and
bases located in the nation's largest cities. Along with this deal went the
Motor Cab Transportation Compound, which had 2, 100 vehicles under it's
control. All of this was consummated by the end of October 1930, in time for
the new cab announcement.
Yes, we were
ready to do it again!
|