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new Standard Oil Trust signed by C.A. Griscom, J.D. Rockefeller and H.M. Flagler - 1886 dated Autograph Stock Certificate

Inv# AG1112C   Autograph
New Item!
State(s): New York
Years: 1886
Color: Brown

Stock issued to and signed by C.A. Griscom on the back and stub. Also signed by J.D. Rockefeller as president and H.M. Flagler as secretary on the front.

 Griscom was quite a Financier. He was President of International Navigation Co., also owned practically all of the stock of Red Star Line, a Belgian Corp, International Navigation Co. of Liverpool England, and Empire Transportation Company, Seattle. In 1902, the name of the International Navigation Co was changed to International Mercantile Marine Co. and capital increased to acquire fleets and businesses of the White Star Line and several others. Of course, White Star Line owned the Titanic! Ironically, Griscom died in November of 1912 just a few months after the sinking of the Titanic!  Nice portraits of Griscom, Rockefeller and Flagler are included. A truly exceptional example for many reasons!!! So Very Rare with all these qualities!!!

Clement Acton Griscom (March 15, 1841 – November 10, 1912) was an American shipping magnate and financier. Griscom was "without question, the key figure in American transatlantic shipping" by 1900. Griscom was born in 1841 to a long-established and prominent Philadelphia family. His father was Dr John D Griscom, a well-known local physician, and his mother was Margaret Acton Lloyd, a direct descendant of Thomas Lloyd. He attended local Quaker schools, as well as Central High School. In 1857, aged 16, he went to work as a clerk at Peter Wright and Sons, a Quaker shipping firm in Philadelphia. He became a partner in the business in 1863.

In 1872 he became vice-president of the International Navigation Co., which operated three ships. Eventually the Red Star Line was absorbed into the business. In 1888 he was promoted to president of the International Navigation Co. Griscom was "without question, the key figure in American transatlantic shipping" by 1900. By 1901 he was described in the press as a millionaire. In 1902, with financing from J. Pierpont Morgan, the companies were merged into the International Mercantile Marine shipping trust company, which operated 136 vessels over five transatlantic lines. Griscom served as president of IMM from 1902 until 1904, when he retired due to ill health. He remained as chairman, but was succeeded as president by J Bruce Ismay, who immediately removed headquarters to New York and reduced staffing levels. Griscom also served on the board of directors of the Pennsylvania Railroad and United States Steel. Read more at https://en.wikipedia.org/wiki/Clement_Griscom

John D. Rockefeller (1839-1937), Industrialist, Philanthropist. Rockefeller formed the first oil trust at the age of 30. Ten years later he monopolized 85% of the industry and became the world’s first billionaire. He hated waste and inefficiency. As a result he would target poorly run segments of the industry. He would often drive poorly run competition out of business or buy them out. He became the most detested man in the country and had a bodyguard continuously around him. Rockefeller gave 3/4 of a billion dollars to science and education. In one of the 1st public relations campaigns in history, Rockefeller would give a shiny new dime to whomever he would meet. Read more at https://en.wikipedia.org/wiki/John_D._Rockefeller
 
Henry Morrison Flagler (January 2, 1830 – May 20, 1913) was an American industrialist and a founder of Standard Oil, which was first based in Ohio. He was also a key figure in the development of the Atlantic coast of Florida and founder of the Florida East Coast Railway, much of which he built through convict leasing. He is known as the father of Miami and Palm Beach, Florida.
 

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Condition: Excellent
Item ordered may not be exact piece shown. All original and authentic.
Price: $4,300.00