French Creek and Cherry Run Oil Co. - 1865 dated Stock Certificate
Inv# OS2012 Stock
Stock printed by Moss & Co., Phila with 25 cents revenue stamp! Civil War era dated! Uncancelled and not negotiable. Left border slightly clipped.
In April 1865, George S. Patterson, Cadwallader Evans, Ezekiel Potts, Gordon Smith, Henry K. Nichols, Thomas H. Wilson, George Pechin, and William F. Patterson formed the French Creek and Cherry Run Oil Company in Venango County, Pennsylvania. The company dug oil wells in Frenchcreek Township, Pennsylvania, and operated until at least 1867.
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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