Scripophily.com offers original Standard Oil Trust Stock Certificate hand signed by signed by John. D. Rockefeller and Henry Flagler
Standard Oil Trust was forced to dissolve due to violations of the Sherman Antitrust Act
(PRWEB) July 23, 2013
Scripophily.com ®, the Internet’s largest buyer and seller of collectible stock and bond certificates, has seen considerable interest in the acquisition of Standard Oil Trust stock certificates signed by John D. Rockefeller.
The Standard Oil Trust stock certificates were issued in 1882 and were printed by the Franklin Bank Note Company. The certificate was hand signed by John. D. Rockefeller, Henry Flagler and Jabez Abel Bostwick and is over 131 years old.
"The Standard Oil Trust began in 1882 by merging all of John. D. Rockefeller's oil properties and had an initial capital of $70 million. There were originally forty-two certificate holders, or owners, in the trust. After ten years the trust was dissolved by a court decision in Ohio due to violation of the Sherman Antitrust Act which was an attempt to restrain the power of trusts with respect to restraint of trade or commerce." according to Bob Kerstein, CEO Scripophily.com.
Standard Oil Trust lost a Sherman-related lawsuit in Ohio in 1892, but it was later able to incorporate in New Jersey as a holding company when New Jersey had adopted a law that permitted a parent company to own the stock of other companies. It is estimated that Standard Oil owned three-fourths of the petroleum business in the U.S. in the 1890s.
Rockefeller held the title of president of Standard Oil until 1911, but he retired from active leadership of the company in 1896. In 1911 the U.S. Supreme Court found the Standard Oil trust to be in violation of the anti-trust laws and ordered the dissolution of the parent New Jersey corporation. The thirty-eight companies which it then controlled were separated into individual firms.
Some of these spin off companies included:
Standard Oil of New Jersey (SONJ) – or Esso (S.O.) – renamed Exxon, now part of ExxonMobil. Standard Trust companies Carter Oil, Imperial Oil (Canada), and Standard of Louisiana were kept as part of Standard Oil of New Jersey after the breakup.
Standard Oil of New York – or Socony, merged with Vacuum – renamed Mobil, now part of ExxonMobil.
Standard Oil of California – or Socal – renamed Chevron, became ChevronTexaco, but returned to Chevron.
Standard Oil of Indiana – or Stanolind, renamed Amoco (American Oil Co.) – now part of BP.
Standard's Atlantic and the independent company Richfield merged to form Atlantic Richfield or ARCO, recently part of BP but has since been sold to a Japanese company. Atlantic operations were spun off and bought by Sunoco.
Standard Oil of Kentucky – or Kyso was acquired by Standard Oil of California – currently Chevron.
Standard Oil of Ohio – or Sohio, acquired by BP in 1987.
The Ohio Oil Company – or The Ohio, and marketed gasoline under the Marathon name. The company is now known as Marathon Petroleum, and was often a rival with the in-state Standard spinoff, Sohio.
Other Standard Oil spin-offs:
Standard Oil of Iowa – pre-1911 – became Standard Oil of California.
Standard Oil of Minnesota – pre-1911 – bought by Standard Oil of Indiana.
Standard Oil of Illinois – pre-1911 – bought by Standard Oil of Indiana.
Standard Oil of Kansas – refining only, eventually bought by Indiana Standard.
Standard Oil of Missouri – pre-1911 – dissolved.
Standard Oil of Louisiana – always owned by Standard Oil of New Jersey (now ExxonMobil).
Standard Oil of Brazil – always owned by Standard Oil of New Jersey (now ExxonMobil).
Other companies divested in the 1911 breakup:
Anglo-American Oil Co. – acquired by Jersey Standard in 1930, now Esso UK.
Buckeye Pipe Line Co.
Borne-Scrymser Co. (chemicals)
Chesebrough Manufacturing (acquired by Unilever)
Crescent Pipeline Co.
Cumberland Pipe Line Co.
Eureka Pipe Line Co.
Galena-Signal Oil Co.
Indiana Pipe Line Co.
National Transit Co.
New York Transit Co.
Northern Pipe Line Co.
Prairie Oil & Gas.
Southern Pipe Line Co.
South Penn Oil Co. – eventually became Pennzoil, now part of Shell.
Southwest Pennsylvania Pipe Line Co.
Swan and Finch.
Union Tank Lines.
Washington Oil Co.
Stock certificates are collected and given as gifts because of their historical significance, beauty and artwork, autographs, notoriety, as well as many other factors. The supply of new certificates reaching the collector market has been substantially reduced due to changes in state laws and stock exchanges rules. Many companies are no longer required to issue physical stock and bond certificates, a process called “dematerialization”.
Scripophily (scrip-ah-fil-ly) is the name of the hobby of collecting old stock and bond certificates. Values range from a few dollars to more than $500,000 for the most unique and rare. Tens of thousands of Scripophily buyers worldwide include casual collectors, corporate archives, museums and serious collectors.
Scripophily.com – The Gift of History is the internet’s leading buyer and seller of collectible stock and bond certificates and has had items on loan for display in the Smithsonian’s Museum of Financial History in New York. The company has been featured on CNBC, USA Today, Associated Press, Reuters, Nightline, Today Show, Baltimore Sun, and Washington Post and in many other media publications.
The company also offers an old stock research service at OldCompany.com and offers high resolution scans for publications. Scripophily.com has over 17,500 selections including
Scripophily.com /Old Company Research Service is the successor company to all material published by the Marvyn Scudders Manuals, the Robert D. Fisher Manuals, and the Herzog & Co., Inc. obsolete research services, which have been performed continuously since 1880. We are the leading provider of authentic stock certificates, autographs, and old company stock research services.
Scripophily.com was founded by Internet Pioneer, Bob Kerstein (Bob.com). Bob is a CPA and CGMA, and has more than 36 years of senior management experience in the Cellular, Cable TV, Satellite, Internet, Professional Sports and Entertainment Industries. Bob is also the President of the Professional Scripophily Traders Association (PSTA).
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For the original version on PRWeb visit: http://www.prweb.com/releases/2013/7/prweb10950818.htm