Cherry Tree Run and Oil Creek Oil Co. - 1865 dated Venango County, Pennsylvania Oil Stock Certificate - Company Relates to Charles Pratt
Inv# OS1137A Stock
Stock printed by Theo. Leonhardt, Phila. with 25 cents revenue stamp! Civil War Era dated. In 1855, the Cherry Run Valley was a quiet farming community in Venango County in northwestern Pennsylvania. The small town of Plummerville was the largest settlement in all of Cherry Run. Oil City, then know as Cornplanter, was little more then Hasson’s Cornfield and Gristmill. Pithole was the home to several pioneers who had each acquired plots of four hundred acres from the Holland Land Company. However, on August 27-28, 1859, Col. Edwin L. Drake and Uncle Billy successfully struck oil near Titusvilleacross Oil Creek in north Venango County.
As the news spread to the world, an onslaught of curious reporters, speculators, and adventurers filled the valley. Farms were bought and leased to investors and then often subleased before a well was even bored. Life was about to change dramatically for the people of the Cherry Run Valley. Images from private, local collections make Cherry Run Valley: Plumer, Pithole, and Oil City a true local treasure. From the earliest days to the first sighting of the new commodity to the migration down the length of Oil Creek, the Cherry Run Valley weathered it all. Plumer remains a beautiful village at the entrance to Oil Creek State Park, and Pithole went from buckwheat farm to boomtown to ghost town and now a popular state museum and park. This truly unique place and its history are captured in this long-awaited volume. Read more at https://en.wikipedia.org/wiki/Cherrytree_Run_(Oil_Creek_tributary)
Venango County is a county in the Commonwealth of Pennsylvania. As of the 2020 census, the population was 50,454. Its county seat is Franklin. The county was created in 1800 and later organized in 1805. Venango County comprises the Oil City, PA micropolitan statistical area. It is part of the Pittsburgh media market. Shortly afterward, Henry Huttleston 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. Venango County was created on March 12, 1800, from parts of Allegheny and Lycoming Counties. The name "Venango" is derived from the Native American name of the region, Onenge, meaning Otter. This was corrupted in English as the Venango River. The settlement at its mouth was likewise called Venango, which since March 3, 1871, has been the South Side of Oil City. Venango County was home to an oil boom in the years following discovery of natural oil (petroleum) in the mid-1850s. Read more at https://en.wikipedia.org/wiki/Venango_County,_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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