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Rathbone Petroleum Co. of Pennsylvania - Stock Certificate

Inv# OS1548   Stock
State(s): Pennsylvania
Years: 1864 or 1865

Stock printed by Wm. Mann, Phila. Civil War era dated. Uncancelled and not negotiable. Available with 25 cents revenue stamp or without. Small stains.

William P. Rathbone purchased a plot of land in northwestern Virginia (now West Virginia) from John F. Petty in 1841. The land, which included the White Sulphur Springs, is located near present-day Burning Springs in Wirt County, West Virginia. In 1842, Charles Reynolds drilled a salt brine well on the land that he had leased from William Rathbone and Rathbone's sons, J. Cassius. and John V., but the drilling yielded oil. It was abandoned until 1860, when a new lessee, General Samuel D. Karns, began to purposefully drill for oil. During the Civil War, J. Cassius Rathbone served as colonel of a military regiment defending the oil wells, though the men succumbed to a Confederate Army raid in May 1862. John V. Rathbone later worked as an oil dealer, based in Parkersburg, West Virginia. In July 1863, Pennsylvania residents Nathaniel C. Sheeff, George O. Evans, William S. Hassall, John F. Graff, and Robert B. Esler founded the Rathbone Petroleum Company of Pennsylvania for the purpose of producing oil found in Wirt County, West Virginia.

Condition: Excellent

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: $375.00