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Mc Clintockville Petroleum Co. - Stock Certificate

Inv# OS1514   Stock
State(s): Pennsylvania
Years: 1866

Stock printed by Stein & Jones, Lith., Phila. 1 with 25 cents revenue stamp and small ink stain in lower border. 1 without stamp has slight flaw at lower right corner.

Venango County, Pennsylvania was home to an oil boom in the years following discovery of natural oil (petroleum) in the mid-1850s. George Bissell, a Yale University chemistry professor, and Edwin L. Drake, a former railroad conductor, made the first successful use of a drilling rig on August 28, 1859 at Titusville, Pennsylvania. This single well soon exceeded the entire cumulative oil output of Europe since the 1650s. The principal product of the oil was kerosene. In 1861, McClintockville was the location of Wamsutta Oil Refinery, the first business venture of Henry Huttleston Rogers, who became a leading American businessman, industrialist and financier. Rogers and his young wife Abbie Palmer Gifford Rogers lived in a one-room shack there along Oil Creek for several years. Shortly later, Rogers met oil pioneer Charles Pratt who purchased the entire output of the tiny Wamsutta Oil Refinery. In 1867, Rogers joined Pratt in forming Charles Pratt and Company, which was purchased by Standard Oil in 1874. Rogers became one of the key men in John D. Rockefeller’s Standard Oil Trust. After joining Standard Oil, Rogers invested heavily in various industries, including copper, steel, mining, and railways. The Virginian Railway is widely considered his final life's achievement. Rogers amassed a great fortune, estimated at over $100 million, and became one of the wealthiest men in the United States. He was also a generous philanthropist, providing many public works for his hometown of Fairhaven and financially assisting helping such notables as Mark Twain, Helen Keller, and Booker T. Washington. Near McClintockville and Oil City, in western Pennsylvania, there is a Pennsylvania State Park and many heritage sites to tell the story and memorialize the people of the oil boom of the late 19th and early 20th centuries.

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Condition: Good

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $100.00