Standard Oil Company 4.5% bond

Souvenir collage. Undated, Specimen 4.5% bond in various US dollar amounts, 36 x 25.5 cm, brown, white, hole cancellation, sample dies, horizontal fold. During his formative years, John D. Rockefeller, born in 1839, managed to save $1,000, a small fortune at the time. In 1859, he borrowed the same amount from his father and opened a brokerage firm with Maurice B. Clark. Very soon they received orders for oil drilling in Pennsylvania. In 1863 they added Samuel Andrews as a partner and from then on they worked under the firm name of Andrews, Clark & ​​Co. At that time, they were not interested in new capital, but in Andrew's patent for processing crude oil into gasoline. As the company took on more partners, there was a falling out over the company's current management; as a result, the company was sold at auction to the highest bidder. Rockefeller's offer of $72,500 was accepted. After that he made Andrews his partner again. A year later, they bought two oil refineries in Cleveland. Thanks to the patents they received, they were now the only refinery that could produce gasoline, fuel oil, and oil. In 1870, Rockefeller, along with his brother William, Henry M. Flagler and several others, founded the Standard Oil Company. The company has incorporated, partly through third-party companies, most of its competitors. Already in the late 1870s, the Standard Oil Company controlled 90 percent of American oil production. Later, the shares of the 37 partial owners were transferred to the Standard Oil Trust, which had nine trustees headed by John D. Rockefeller. In 1890, the state of Ohio passed the "Sherman Act" against the company, which led to its sale. Since New Jersey was a different jurisdiction, Rockefeller moved the company there. From now on, the company was called "Standard Oil Company of New Jersey". In 1911, Rockefeller left the management of the company. However, in the same year, the Supreme Court ordered the separation of 38 independent companies. Exxon and Mobil were one company among others. Paradoxically, only a few years ago, the cartel authorities allowed the merger of these two companies into ExxonMobil. With the help of a clever trick, Rockefeller opened a huge Chinese market: he gave the Chinese kerosene lamps called Mei Fu. They had to replace the old lamps that ran on vegetable oil. The Chinese were then forced to buy the necessary kerosene from Standard Oil. John Davison Rockefeller died on May 23, 1937 at the age of 97. At that time, his assets were estimated at approximately 10 billion dollars. (Ш 369)

During his formative years, John D. Rockefeller, born in 1839, managed to save $1,000, a small fortune at the time. In 1859 he borrowed the same amount from his father and opened a brokerage firm with Maurice B. Clark. Very soon they received orders for oil drilling in Pennsylvania. In 1863 they added Samuel Andrews as a partner and from then on they worked under the firm name of Andrews, Clark & ​​Co. At that time, they were not interested in new capital, but in Andrew's patent for processing crude oil into gasoline. As the company took on more partners, there was a falling out over the company's current management; as a result, the company was sold at auction to the highest bidder. Rockefeller's offer of $72,500 was accepted. After that he made Andrews his partner again. A year later, they bought two oil refineries in Cleveland. Thanks to the patents they received, they were now the only refinery that could produce gasoline, fuel oil, and oil. In 1870, Rockefeller, along with his brother William, Henry M. Flagler and several others, founded the Standard Oil Company. The company has incorporated, partly through third parties, most of its competitors. Already in the late 1870s, the Standard Oil Company controlled 90 percent of American oil production. Later, the shares of the 37 partial owners were transferred to the Standard Oil Trust, which had nine trustees headed by John D. Rockefeller. In 1890, the state of Ohio passed the "Sherman Act" against the company, which led to its sale. Since New Jersey was a different jurisdiction, Rockefeller moved the company there. From now on, the company was called "Standard Oil Company of New Jersey". In 1911, Rockefeller left the management of the company. However, in the same year, the Supreme Court ordered the separation of 38 independent companies. Exxon and Mobil were one company among others. Paradoxically, only a few years ago, the cartel authorities allowed the merger of these two companies into ExxonMobil. With the help of a clever trick, Rockefeller opened a huge Chinese market: he gave the Chinese kerosene lamps called Mei Fu. They had to replace the old lamps that ran on vegetable oil. The Chinese were then forced to buy the necessary kerosene from Standard Oil. John Davison Rockefeller died on May 23, 1937 at the age of 97. At that time, his assets were estimated at approximately 10 billion dollars. (Ш 369)