Mather was founded by
Alonzo C. Mather; the company's first stock car was built in 1880. As the 20th century dawned, Mather began leasing stock cars to the railroads that used them. Railroads of the time found it less expensive to lease stock cars than to purchase them outright or to build them. By the 1920s, Mather had expanded their fleet to include
boxcars and
refrigerator cars along with a few
tank cars. With the onset of the
Great Depression in the US, Mather was one of a limited number of companies that saw profits in the 1930s. As railroads eliminated freight cars out of their own fleets, leasing companies such as Mather were able to step in and supply freight cars as needed. In the late 1950s Mather was merged into the
North American Car Corporation of Chicago. ==Preservation==