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Auction: SW1014 - Bonds & Share Certificates of the World
Lot: 338

Standard Oil Trust. 152 Shares $100 each. Ney York, 8. October 1882. #510. In an effort to bypass certain governmental pressures concerning the mopolistic powers of the Standard Oil Company, Standard Oil Trust was conceived and controlled by nine trustees. As general statutes at the time limited ownership in other firms in other states, Rockefeller and Flagler devised a plan to take care of these legalities. Acquisitions and ventures were channelled through trustees, whose affiliation and loyalty to Rockefeller and Standard Oil were not readily obvious. This new arrangement enabled Rockefeller to form alliances and set up new concerns in other states while retaining complete control of all various interests. It brought new meaning to the word "Trust," and made Rockefeller and Flagler the most powerful individuals in the industry and the richest men in the world. Signed by John D. Rockefeller as President and H.M. Flagler as Secretary. Vignette of State capitol, ornate border, printed by Franklin Bank Note Co, red ink cancelled. Some tears below. VF.

Estimate
SFr1,500 to SFr2,500