Join Date: Nov 2006
Location: Santa Fe, New Mexico
Ferrari Life Posts: 738
one half century!!!
To try and keep things from getting on too many scattered threads I will copy a posting made by my son Bryan on "that other site" to this thread. I must admit that looking back it certainly does not feel like one half of a century ago that I started down this path. In retrospect it certainly left me in fairly slim times financially!
The photo below is in front of the admin building at the long since closed Naval Air Station, Oakland, California. It was taken just after I had finished nine months of work getting it into running condition and painted. As I recall, that weekend I ran the High Sierra Hillclimb taking a first in class and breaking the previous years course record. That really gave my ego a boost.
50 years ago today - 500 Mondial
Fifty years ago today, my father put a downpayment on 0556(0446)MD, rescuing it from the corner of the repair shop of a Rambler dealership in Richmond, CA. In his words:
"On Tuesday 14 June 1960 I gave Bob Davis a deposit for the Mondial with a check for $25.00. On Wednesday 22 June my checking account balance was $4.49. The next day, Thursday 23 June, the Bank Of Scranton came through with a personal signature loan for $2,500.00 and the following day, Friday 24 June 1960 I wrote two checks, one for $1376.65 and the second for 823.35. I have no recollection as to why two checks. The total for the car was $2,225.00.
The loan amount was for more than the car cost as I knew I was going to need some extra money to make repairs etc. and that $275 was going to have to go a long way. At the time I had just finished paying off the loan for the 1957 MGA. For a frame of reference the price of high test gasoline at my service station at the base was selling for 19.9 cents per gallon. My take home pay was $243 per month, the monthly loan repayment was $116.67 my rent and electrical bill ran about $94 per month, the phone bill was about $14 per month. That left precious little to eat on, and nine times over the rest of that year the checkbook balance was under $20.00 which often left me reflecting on the accuracy of my parents pronouncement that I had "taken leave of my senses" when I bought that wreck!"
He and the Mondial have been quite a team for the last 50 years!