Beautifully engraved low Serial Number Certificate #37. Standard Oil Trust. This historic document was printed by the Franklin Banknote Company and has an ornate border around it with a vignette of the Capitol with horse driven carriages in front.
Stock certificate for 1000 shares. Issued to and signed on stub and verso by Oliver H. Payne.(1839-1917). Capitalist; Union general in the Civil War. Following his departure from the military in 1864, Payne entered the iron industry in Cleveland, where he also began as a pioneer in the oil refining industry. Until Standard Oil was formed in 1870, Clark, Payne and Company was the largest refiner in Cleveland and Rockefeller's largest refiner tor. Payne was a shareholder in the South Improvement Company in 1872, later aligning his oil interests completely with the Standard Oil Company at which time he became treasurer. "His holdings in Standard Oil were at one time exceeded only by those of John D. Rockefeller, the Charles Pratt estate, and the Harkness family."
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