Dawson's Run Oil Co. - 1865 dated Stock Certificate
Inv# OS1993 Stock
Stock printed by P.S. Duval & Son, Philad with 25 cents revenue stamp! Civil War era dated! Uncancelled and not negotiable.
Dawson's Run Oil Company organized in 1864 under the act of 1854. The company owned a tract of 558 acres of oil and timber land on the west bank of the Allegheny River and on Dawson's Run, with room for some 250 wells, plus a Stave Mill for making staves and barrel headings, and possessed a nine year lease on an adjoining tract of 12 acres of flat land where there was room for an additional 15 or 20 wells. The company anticipated benefiting from the soon to be completed branch of the Philadelphia & Erie Rail Road to transport their product to eastern markets.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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