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Auction: SW1014 - Bonds & Share Certificates of the World
Lot: 337

Standard Oil Company. 102 Shares $100 each, Cleveland, 16. June 1880. #254. Standard Oil Co. Inc. was established as an Ohio corporation in 1870. Its business was oil producing, transporting, refining, and marketing. The Standard Oil was probably the most powerful company in history. Never before or after has one single company been able to create a worldwide market for oil product oil and controlling the whole product chain from the oil wells to the consumer. John D. Rockefeller (1839-1937) was its master mind, founder, chairman and major shareholder. Standard Oil dominated the oil products market initially through aggressive horizontal integration in the refining sector, then, in later years through vertical integration. The company was an innovator in the development of the business trust. It streamlined production and logistics, lowered costs, and undercut competitors. Its controversial history as one of the world's first and largest multinational corporations ended in 1911, when the United States Supreme Court ruled that Standard was an illegal monopoly. With the dissolution of the Standard Oil trust into 33 smaller companies, Rockefeller became the richest man in the world. Other notable Standard Oil principals include Henry Flagler (1830-1913), developer of Florida's Florida East Coast Railway and resort cities, and Henry H. Rogers (1840-1909), who built the Virginian Railway. Vignette of State capitol, ornate border, printed by Maverick, Stephan & Co. 176 Fulton NY, Issued to Charles Lockhard from Pittsburgh (lightly smudged) and signed by John D. Rockefeller as President and H.M. Flagler as Secretary. Both signatures are very clear. No cancellation visible. Some tears below. VF.

Sold for
SFr7,000