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Standard Oil Co. - Extremely Historic Variety - circa 1870's Unissued Ohio Oil Stock Certificate

Inv# OS2336   Stock
State(s): Ohio
Years: 187-
Color: Black Print

Unissued Stock printed by Maverick, Stephan & Co., N.Y. Standard Oil refers to a corporate trust in the petroleum sector that operated from 1882 until 1911. Its origins trace back to the Standard Oil Company (Ohio), established in 1870 by John D. Rockefeller. The trust was officially formed on January 2, 1882, when 41 investors executed the Standard Oil Trust Agreement, consolidating their shares from 40 companies into a single holding entity overseen by nine trustees. Initially, the trust was valued at $70 million. On March 21, 1892, the Standard Oil Trust was disbanded, and its assets were reorganized into 20 independent companies that collectively formed an informal alliance known as "Standard Oil Interests." In 1899, the Standard Oil Company (New Jersey) acquired the shares of the remaining 19 companies, thus becoming the holding company for the trust. Jersey Standard maintained a near-monopoly in the American oil market from 1899 until 1911, emerging as the largest corporation in the United States.

In 1911, the pivotal Supreme Court case Standard Oil Co. of New Jersey v. United States determined that Jersey Standard had engaged in anticompetitive practices, leading to a court order for the dissolution of its holdings. This legal action was partly influenced by the investigative work of Ida Tarbell, who authored The History of the Standard Oil Company. The total value of the companies separated from Jersey Standard in 1911 amounted to $375 million, representing 57 percent of Jersey's overall value. Following the breakup, Jersey Standard became the second-largest corporation in America, trailing only United States Steel. The Standard Oil Company (New Jersey) was rebranded as Exxon in 1973 and later as ExxonMobil in 1999, and it continues to be the largest publicly traded oil company globally. Many of the companies that separated from Jersey Standard in 1911 remained influential throughout the twentieth century, including the Standard Oil Company of New York, Standard Oil Company (Indiana), Standard Oil Company (California), Ohio Oil Company, Continental Oil Company, and Atlantic Refining Company.

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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: $364.50