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60,000 (1909) [ 5 ] Standard Oil is the common name for a corporate trust in the petroleum industry that existed from 1882 to 1911. The origins of the trust lay in the operations of the Standard Oil Company (Ohio), which had been founded in 1870 by John D. Rockefeller. The trust was born on January 2, 1882, when a group of 41 investors signed ...
By 1870, the firm of Rockefeller, Andrews, and Flagler was, thanks to Rockefeller’s vision, a super-efficient refining machine, generating more than fifteen hundred barrels a day 38 — more than most refineries could produce in a week — at lower cost than anyone else. And in that year, the firm became the Standard Oil Company of Ohio — a joint-stock company, of the type used by ...
Aug 31, 2011 · The 26-year-old Rockefeller won, for a price of $72,500 (the equivalent today of about $820,000). Clark thought he had gotten a bargain—but given what Rockefeller was to accomplish in the next ...
Oct 10, 2024 · The company’s origins date to 1863, when Rockefeller joined Maurice B. Clark and Samuel Andrews in a Cleveland, Ohio, oil-refining business. In 1865 Rockefeller bought out Clark, and two years later he invited Henry M. Flaglerto join as a partner in the venture. By 1870 the firm of Rockefeller, Andrews, and Flagler was operating the largest ...
Mr. Rockefeller, undiscouraged, bought it in for $72,500, borrowing most of the money, and organized the new firm of Rockefeller & Andrews. In 1867 this firm absorbed an oil refinery that had been established by William Rockefeller, and took in as partners William Rockefeller and Henry M. Flagler.
May 29, 2018 · STANDARD OIL COMPANY, an Ohio corporation, was incorporated on 10 January 1870 with a capital of $1 million, the original stockholders being John D. Rockefeller, with 2,667 shares; William Rockefeller, with 1,333 shares; Henry M. Flagler, with 1,333 shares; Samuel Andrews, with 1,333 shares; Stephen V. Harkness, with 1,334 shares; O. B. Jennings, with 1,000 shares; and the firm of Rockefeller ...
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Where did Rockefeller & Clark come from?
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The principals and namesakes were John D. Rockefeller, William Rockefeller, Samuel Andrews, and Henry M. Flagler. Flagler’s step-brother Stephen V. Harkness made substantial investments, but was a silent partner and did not take an active role in running the business but he was actually the second largest stockholder next to JD Rockefeller. [1]
