Moorhead Oil Co. - 1865 dated Pennsylvania Oil Stock Certificate - Trimmed Close at Left
Inv# OS1901 Stock
Early mining Stock with 25 cents revenue stamp! Civil War era! The oil boom in America began in Titusville, Pennsylvania, located in the Oil Creek Valley, when Edwin L. Drake discovered "rock oil" there in 1859. Titusville, along with other towns along the banks of Oil Creek, experienced rapid growth as oil wells and refineries proliferated throughout the area. Oil swiftly emerged as one of the most precious commodities in the United States, prompting railroads to extend into Western Pennsylvania to transport petroleum across the nation. By the mid-1870s, the oil sector had become firmly established, and the initial "rush" to drill wells and dominate production had concluded. Pennsylvania's oil output reached its zenith in 1891, later being overtaken by western states like Texas and California; however, a portion of the oil industry still persists in Pennsylvania.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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