Clement Studebaker Jr. (August 11, 1871 – December 3, 1932) was an American businessman and the son of wagon, carriage and automobile manufacturer Clement Studebaker. He held executive positions in the family's automobile business, Studebaker Corporation, and later became the president and chairman of several other important companies.North American Light and Power Company 1916 - signed by Clement Studebaker
Scripophily.com

Early life

Clement Studebaker Jr. was born on August 11, 1871, in

South Bend, Indiana South Bend is a city in and the county seat of St. Joseph County, Indiana, on the St. Joseph River near its southernmost bend, from which it derives its name. As of the 2020 census, the city had a total of 103,453 residents and is the fourt ...

to Clement Studebaker.

Career

According to historian Albert Russel Erskine, young Clement served an apprenticeship with Studebaker, working in several departments and rising to a board positionErskine A
History of the Studebaker Corporation
(1918) at p 41 (Google Books reproduction) and treasurer. He is elsewhere recorded as having been the E-M-F company's vice-president, presumably after that company's take-over by Studebaker in 1910. By 1916, he had moved on to become president and chairman of the utility,

North American Light and Power Company The North American Light and Power Company was a utility holding company formed in South Bend, Indiana and run since 1916 by its president, Clement Studebaker, Jr., of the family famous for the Studebaker automobiles.

, the precursor of the

North American Company The North American Company was a holding company incorporated in New Jersey on June 14, 1890, and controlled by Henry Villard, to succeed to the assets and property of the Oregon and Transcontinental Company. It owned public utilities and public ...

. At various times, he also served as president and chairman of the board of the

Illinois Power and Light Company Illinois ( ) is a state in the Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolitan areas include, Peoria and Rockford ...

(and of its subsidiary, the Illinois Traction Company), and of the South Bend Watch Company, as well as treasurer of the

Chicago South Shore and South Bend Railroad The Chicago South Shore and South Bend Railroad , also known as the South Shore Line, is a Class III freight railroad operating between Chicago, Illinois, and South Bend, Indiana. The railroad serves as a link between Class I railroads and ...

. Around 1920, Studebaker moved to Chicago.

Death

Studebaker married Alice Rhawn of Philadelphia on April 27, 1893. They had two children, Clement Studebaker III (1894–1975), and Esther (1898–1989). After their marriage, they lived at Tippecanoe Place and South Scott Street in South Bend for a time. After moving to Chicago, they lived at a house on the corner of Jefferson Boulevard and Greenlawn Avenue. Studebaker died of heart complications at his 1500 Lake Shore Drive home in Chicago on December 3, 1932. His body was shipped back to his hometown of South Bend, Indiana and buried at the family mausoleum in South Bend City Cemetery. Two wills were found, the first of which left his two-million dollar estate to, among others, several colleges. The second will, which superseded the first, left his fortune to his two children.The Pantagraph, Bloomington, Illinois

References

{{DEFAULTSORT:Studebaker, Clement Jr. 1871 births 1932 deaths 20th-century American businesspeople American manufacturing businesspeople People in the automobile industry People from South Bend, Indiana Studebaker people