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Standard Oil Trust Issued to Estate of Josiah Macy Jr. and signed by Wm. H. Macy, J.A. Bostwick, J.D. Rockefeller and H.M. Flagler - 1883 dated Autographed Stock Certificate

Inv# AG2655   Stock
State(s): New York
Years: 1883

Stock issued to Estate of Josiah Macy Jr. and signed at stub by the Executor Wm. H. Macy. He also signs again at back. The shares are transferred to Henry McGee and to himself. The certificate is for a Giant number of 17,820 shares!!! Also signed by J. D. Rockefeller as president, H.M. Flagler as secretary and J.A. Bostwick as treasurer. Especially nice example! Rare!

John Davison Rockefeller (1839-1937) Founder and one of the original partners of Standard Oil; Oil industry pioneer; Capitalist. At one time reputedly the world's richest man, Rockefeller began his career in Cleveland, Ohio as a successful merchant, prior to the Civil War. In 1863, he and his partners built a refinery which grew into a business that eventually absorbed many other Cleveland refineries and expanded into Pennsylvania oil fields to become the world's largest refining concern. During this time, he was able to expand his operations while others were failing due the talented people with whom he had surrounded himself, to the efficiency of his operations, and to a variety of what are now considered unscrupulous business practices for which he became famous. In 1870, Rockefeller organized the Standard Oil Company of Ohio in order to improve the efficiency with which his operations were being run.

In 1882, in part to streamline operations, and in part to avoid state controls, Rockefeller took a step which had a profound significance for American business by creating the Standard Oil Trust. Under this arrangement, a board of trustees took the stock of both the Standard Oil Company of Ohio and of all of its subsidiaries, and ran the combination through the board's executive committee. By this time, public criticism of Rockefeller and his methods was running at near-fever pitch and, in 1892, the Trust was dissolved by the Ohio Supreme Court. The Trust was divided into some 18-later over 30-corporations before being folded into another holding company, Standard Oil of New Jersey (1899). In 1911, the U.S. Supreme Court ordered this latter company dissolved, declaring that it was "a monopoly in restraint of trade," and thus illegal under the Sherman Anti-Trust Act. By this time Rockefeller had almost completely removed himself from business concerns, and was concentrating solely on his philanthropic projects. While the extent of his philanthropies are too numerous to list, among the most prominent are his founding of the University of Chicago (1889), the Rockefeller Institute for Medical Research (1901), the General Education Board (1902) and the Rockefeller Foundation (1913). It is estimated that Rockefeller gave away some $550 million during his lifetime.

Henry Morrison Flagler (1830-1913) Through the grain and distillery business, he met John D. Rockefeller, in Bellevue, Ohio. After a business disaster as a salt manufacturer in Saginaw, Michigan, he moved to Cleveland and soon joined Rockefeller and chemist and inventor Samuel Andrews in forming Rockefeller, Andrews & Flagler in 1867, which they were soon to develop into Standard Oil. By 1872, it led the American oil refining industry, producing 10,000 barrels per day. In 1877, Standard Oil moved its headquarters to New York City, and Flagler and his family moved there as well. He was joined by Henry H. Rogers, another leader of Standard Oil who also became involved in the development of America's railroads, including those on nearby Staten Island, the Union Pacific Railroad, and later in West Virginia, where he eventually built the remarkable Virginian Railway to transport coal to Hampton Roads, Virginia. Henry Flager's non-Standard Oil interests went in a different direction than Henry Rogers', however, when in 1878, on the advice of his physician, Flagler traveled to Jacksonville, Florida for the winter with his first wife, Mary (née Harkness) Flagler, who was quite ill. Two years after she died in 1881, he married again. Ida Alice (née Shrouds) Flagler had been a caregiver for Mary Flagler. After their wedding, the couple traveled to St. Augustine, Florida. Flagler found the city charming, but the hotel facilities and transportation systems inadequate.

He recognized Florida's potential to attract out-of-state visitors. He returned to St. Augustine in 1885 and began construction on the 540-room Hotel Ponce de Leon. Realizing the need for a sound transportation system to support his hotel ventures, Flagler purchased the Jacksonville, St. Augustine and Halifax Railroad, the first railroad in what would become known as the "Flagler System" or the Florida East Coast Railway. Flagler completed the 1150-room Royal Poinciana Hotel on the shores of Lake Worth in Palm Beach and extended his railroad to its service town, West Palm Beach, by 1894. The Royal Poinciana Hotel was at the time the largest wooden structure in the world. Two years later, Flagler built the Palm Beach Inn (renamed The Breakers Hotel in 1901) overlooking the Atlantic Ocean in Palm Beach. Flagler originally intended for West Palm Beach to be the terminus of his railroad system, but during 1894 and 1895, severe freezes hit the area, causing Flagler to rethink his original decision. Sixty miles south, the town today known as Miami was reportedly unharmed by the freeze. To further convince Flagler to continue the railroad to Miami, he was offered land in exchange for laying rail tracks from private landowners, including Julia Tuttle, who ran a trading post on the Miami River, the Florida East Coast Canal and Transportation Company, and the Boston and Florida Atlantic Coast Land Company. Flagler's railroad, renamed the Florida East Coast Railway in 1895, reached Biscayne Bay by 1896. Flagler dredged a channel, built streets, instituted the first water and power systems, and financed the city's first newspaper, The Metropolis. When the city was incorporated in 1896, its citizens wanted to honor the man responsible for its growth by naming it "Flagler". He declined the honor, persuading them to use an old Indian name, "Miami". He became known as the Father of Miami, Florida.

Jabez Abel Bostwick (September 23, 1830 – August 16, 1892) was an American businessman who was a founding partner of Standard Oil.

Bostwick was born in Delhi, New York on September 23, 1830. He was a son of Abel Bostwick (1798–1861) and Sally (née Fitch) Bostwick (1797–1869). While still a boy, his family moved to a farm in Ohio. As a young man, Jabez Bostwick first worked in a hardware store then opened his own.

He next ventured into the cotton brokerage business in Cincinnati but soon moved to New York City where he became involved in the production side of the oil business through his firm, Tilford & Bostwick established in 1866. He bought out Tilford and in 1878 went into successful partnership with Henry Flagler and the Rockefeller brothers, John and William. Jabez Bostwick served as the Secretary-Treasurer of the Standard Oil Trust.

Jabez Bostwick was also a major shareholder and President of the New York and New England Railroad, a substantial shareholder in the Housatonic Railroad, a member of the New York Cotton Exchange, and who sat on numerous other corporate boards. In spite of the enormous wealth he obtained, Bostwick was known as a modest man of exemplary character who was a devout member of the Baptist Church. He donated money to his church and to educational institutions such as Wake Forest College in Winston-Salem, North Carolina and Richmond College in Richmond, Virginia.

Bostwick was married to Helen Celia Ford (1848–1920). Helen was the daughter of Smith Reed Ford and Frances Lee (née Fox) Ford. Together, they were the parents of:

  • Nellie Ford Bostwick (1868–1906), who married Francis Lee Morrell (1863–1893) in 1887. After his death, she remarried to Hamilton Wilkes Cary (1862–1917) in 1895.
  • Frances Evelyn "Fannie" Bostwick (1872–1921), who married Capt. Albert J. Carstairs (1862–1927) in 1895. They divorced and she married Francis Francis (1853–1928), son of English writer Francis Francis, in 1903. They also divorced and she married Count Roger Marie Felix Symon de Perigny (1875–1945) in 1915. They also divorced and she married Dr. Serge Abrahamovitch Voronoff (1866–1951) in 1919.
  • Albert Carlton Bostwick (1878–1911), who married Marie Lillian Stokes (1877–1962). After his death, Marie remarried to Fitch Gilbert.

On August 16, 1892, Bostwick died in a freak stable fire at Friedheim, his summer residence in Mamaroneck in Westchester County. During the fire he tried to save his horses and carriages. As he and the stable hands pushed a coach from the carriage house he got overrun by a Private Coach weighing 2000/3000 lbs. His widow, Helen C. Bostwick, upon her death on April 27, 1920 left an estate per public record that was valued at $29,264,181.00, including nearly $20 million of Standard Oil stock.

Through his daughter Fannie, he was the grandfather of Marion Barbara "Joe" Carstairs (1900–1993), a power boat racer known for her speed and her eccentric lifestyle, and Francis Francis (1906–1982), a pilot.

Through his son Albert, he was the grandfather of five grandchildren, including: Dorothy Stokes Bostwick (1899–2001), a philanthropist and the first woman to hold a helicopter pilot's license; Albert C. Bostwick Jr. (1901–1980), a thoroughbred racehorse owner and breeder whose horse Mate won the 1931 Preakness Stakes; Lillian Bostwick Phipps (1906–1987), an owner of Thoroughbred steeplechase racehorses who won the American Grand National eight times and who married Ogden Phipps; Dunbar Wright Bostwick (1908–2006), the chairman of the Aviation Instrument Manufacturing Corp. who was a standardbred horse breeder; and George Herbert "Pete" Bostwick (1909–1982), a Hall of Fame polo player, U.S. Racing Hall of Fame steeplechase jockey and horse trainer.

Captain Josiah W. Macy Jr. (c. 1837 – October 5, 1876) was an American sea captain and philanthropist

Macy was born into a philanthropic family. The elder Josiah W. Macy established a shipping and commission firm in New York City, after leaving the family home in Nantucket, Massachusetts, where his family had settled during the early 17th century. Josiah Macy's sons and grandsons earned their money from an oil company that was later incorporated into the Standard Oil Company under the Rockefeller family.

Macy's eldest daughter Mary K. Macy (later Willets), born in 1860, died in 1893. His daughter Catherine "Kate" Everit Macy (1863–1945) continued the Macy family's philanthropic habits throughout her entire life, and by the time of her death in 1945, the Josiah Macy, Jr. Foundation had received about $19 million from her and her estate. Macy's son V. Everit Macy (1871–1930) was a prominent statesman in Westchester County, New York, and a benefactor of Teachers College, Columbia University. Macy's wife, Caroline Louisa Everett, lived from December 1838 to December 31, 1898.

Josiah W. Macy Jr. died from typhoid fever at his estate in Harrison, New York on October 5, 1876. Upon his death, his thirteen-year-old daughter Kate inherited $15 million, while his five-year-old son V. Everit inherited over $20 million.

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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: $3,169.00