Standard Oil Trust Stock Certificate Signed by J.D. Rockefeller and Henry Flagler, 1882 [111889]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Industrial Start Price:1,000.00 USD Estimated At:2,000.00 - 4,000.00 USD
Standard Oil Trust Stock Certificate Signed by J.D. Rockefeller and Henry Flagler, 1882  [111889]
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Cert. #442, issued in 1882 to Mary D. Harris for 50 shares. Beautifully engraved stock certificate printed by the Franklin Banknote Company with a vignette of the Capitol with horse driven carriages in front. This item is hand signed by John. D. Rockefeller, Henry M. Flagler, and Jabez Abel Bostwick. John Davison Rockefeller (July 8, 1839 - May 23, 1937) was the guiding force behind the creation and development of the Standard Oil Company, which grew to dominate the oil industry and became one of the first big trusts in the United States, thus engendering much controversy and opposition regarding its business practices and form of organization. Rockefeller also was one of the first major philanthropists in the U.S., establishing several important foundations and donating a total of $540 million to charitable purposes. In 1870, he organized The Standard Oil Company along with his brother William, Andrews, Henry M. Flagler, S.V. Harkness, and others. It had a capital of $1 million. The Standard Oil Trust was formed in 1882. After ten years the trust was dissolved by a court decision in Ohio. The companies that had made up the trust later joined in the formation of the Standard Oil Company (New Jersey), since New Jersey had adopted a law that permitted a parent company to own the stock of other companies. It is estimated that Standard Oil owned three-fourths of the petroleum business in the U.S. in the 1890s. Henry Flagler was a co-founder of the Standard Oil Company in 1870. He later was a key figure in the development of the Atlantic coast of Florida and the Florida East Coast Railway. The certificate has red pen cancels through the signatures and the stub has been reattached at the left. VF. View photos to inspect condition.

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