NOT SOLD (BIDDING OVER)
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This item WAS NOT SOLD. Auction date was 2010 Jul 12 @ 10:00UTC-04:00 : AST/EDT
Stock certificates from the United States and other countries around the world. Items offered cover a wide variety of collecting topics including automotive, railroads, mining, autographed and much more.
1877, New York. Stock certificate for one hundred shares. Green / Black. Vignette of a locomotive at top and a portrait vignette of Frederick Billings at bottom center. Issued to and signed on very by OLIVER BURR JENNINGS. [Early business partner of John D. Rockefeller and a 10% partner in Standard Oil.] Punch and stamp cancellations do not affect Jennings’ signature. Attached to certificate is a stub transferring $70,000 in stock certificates signed by FREDERICK BILLINGS [(1823-1890). American lawyer and financier who successfully oversaw the reorganization of The Northern Pacific.] First in business in New York city, Oliver Burr Jennings joined the rush to California in 1849, and, in company with Benjamin Brewster, established himself in the wholesale clothing business in San. In 1862, he came East, where he engaged in the petroleum business, and with John D. and William Rockefeller and others established The Standard Oil Trust, becoming one of its directors. Large wealth came to him through shrewdness, persistent enterprise, and his unfaltering determination to succeed, and enabled him to gratify the benevolence of his nature and show much kindness to the poor, while also sharing in the management of various large corporations. A forty-niner, Billings traveled to California upon the discovery of gold at Sutter’s Mill. He quickly succeeded as a successful lawyer and Real Estate developer in San Francisco becoming one of the wealthiest men in California. He reorganized the Northern Pacific Railroad after its financial failure in 1873. Billings Montana was named for him. His involvement in a vast number of Western businesses left a fortune estimated by some to be $30,000,000 at the time of his death.
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