Description: Stock signed by John D. Archbold as secretary, W.H. Tilford as attorney, H.H. Rogers on back and transferred to J.D. Rockefeller. Printed by International Bank Note Co., N.Y. Portraits available upon request. John Dustin Archbold (1848-1916) Capitalist. Speculator in Pennsylvania oil fields, 1866. When the South Improvement Co., whose membership included John D. Rockefeller, blocked the advance of Pennsylvania oil producers by obtaining railroad freight rebates, Archbold united the leading men of the Titusville region and defeated this strong Cleveland group. He then joined the Cleveland combination in working out a national organization to control the oil industry. John Dustin Archbold was a key executive in the growth and success of the Standard Oil Company. He became a Director of Standard Oil of Ohio Company in 1875 and by 1897 was functionally in charge of the company. As president (1896-1911) of Standard Oil Company of New Jersey (founded 1882) he was largely instrumental in building up that corporations business. From 1882 until his death he was dominant in Standard Oil Company policy, acted as spokesman for the company, and improved the product and its distribution. Over 30 years (1893-1914) he contributed funds (nearly $6,000,000) for 8 buildings at Syracuse University, including the full cost of the Archbold stadium (opened 1907, demolished 1972), Sims Hall (men's dormitory, 1907), the Archbold gymnasium (1909, nearly destroyed by fire in 1947 but still in use), and the oval athletic field. A bequest from his estate gave an additional $500,000 to the university. Among his other charities was the New York Kindergarten Association, for which he built its headquarters building, in memory of his deceased daughter, Frances Dana Wolcott, and for which he also provided an endowment fund of $100,000. His grandson, Richard Archbold, founded the Archbold Biological Station in 1941 In 1911, at the dissolution of the original company, he became president of Standard Oil of New Jersey. Wesley H. Tilford (1850-1909) Wesley Hunt Tilford was born in Lexington, Kentucky, on July 14, 1850. He went to Columbia College where he studied for a couple of years, but the call of business was too strong to allow him to wait for his bachelor's degree. Attracted by the prospects of petroleum, Wesley gave up his college course, and entered as a clerk in the firm of his brother, Bostwick & Tilford, then doing business in Pearl Street. When the firm dissolved the two brothers joined in a partnership of their own under the title of John B. Tilford Jr. & Co., which did well from the start and continued to prosper until, at the period of the Eastern oil amalgamations, a substantial offer from the Standard Oil Company induced them to cast their fortunes with that vigorous organization. As has been said, those were busy formative times in the oil business, and the new recruit proved his mettle by the splendid success of his visit to the Pacific slope in 1878. He there organized the oil trade in California, Oregon, Colorado and the surrounding States. On his return to the East he was welcomed to a high place in the home office, taki Item ordered may not be exact piece shown. All original and authentic.
Price: 1940 USD
Location: Portsmouth, New Hampshire
End Time: 2025-01-22T16:40:48.000Z
Shipping Cost: 6.25 USD
Product Images
Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Return policy details:
