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Page 6 of 11
In June of
1931, the line was expanded to include a new station wagon-type vehicle. It was
more like a utility truck that could be converted into a package delivery
vehicle, or even an ambulance. A little over one thousand of these vehicles
were produced over two years.
In November of
the same year, Checker received a contract for one thousand new cabs from
Chicago Yellow Cab. The profit by the end of 1931 was a little over $400,000,
quite a difference from the $665 in May. The only other auto company to show a
profit for that year was the Auburn Automobile Co. This is a point of interest,
as you will see a little later on.
After Checker
made record profits for nearly two years, the company fell on hard times in the
fall of 1932. The plant was shut down for many weeks during 1932. Even through
these difficult times, however, a new car was introduced. It was a remodeled
Series ''M'', but carried the new designation of Series ''T''. It had a full
running board, a trimmed rear side window, landau irons, and a new Lycoming
straight eight engine. The Suburban, as the station wagon type was called, and
a truck were in production at the same time.
The new Series
"T" caught on and by January 1933 500 men were called back to work.
In June, the board members were reduced from eleven to seven, In August, E. L.
Cord, of the Cord fame, bought control of Checker.
A new
reorganization took place and Cord was made Chairman. A three-man executive
committee was formed, including Morris Markin. Mr. Markin was then elevated
back to the presidency of the new firm. At this point, there were more than
18,000 Checkers on the streets in the nation and the company still controlled
the Parmelee system. They bought out Saf-T-cab from Auburn Motor Car Co., who
had been building them for years.
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