Globe Oil Co. - 1864 dated Pennsylvania Oil Stock Certificate
Inv# OS2015 Stock
Stock printed by J. Haehnlen, Phila with 25 cents revenue stamp! Civil War era dated! Venango County, Pennsylvania. Clipped left border. Venango County is a county in the Commonwealth of Pennsylvania. As of the 2020 census, the population was 50,454. Its county seat is Franklin. The county was created in 1800 and later organized in 1805. Venango County comprises the Oil City, PA micropolitan statistical area. It is part of the Pittsburgh media market.
Shortly afterward, Henry Huttleston Rogers met oil pioneer Charles Pratt, who purchased the entire output of the tiny Wamsutta Oil Refinery. In 1867, Rogers joined Pratt in forming Charles Pratt and Company, which was purchased by Standard Oil in 1874. Rogers became one of the key men in John D. Rockefeller's Standard Oil Trust. Venango County was created on March 12, 1800, from parts of Allegheny and Lycoming Counties. The name "Venango" is derived from the Native American name of the region, Onenge, meaning Otter. This was corrupted in English as the Venango River. The settlement at its mouth was likewise called Venango, which since March 3, 1871, has been the South Side of Oil City. Venango County was home to an oil boom in the years following discovery of natural oil (petroleum) in the mid-1850s. Read more at https://en.wikipedia.org/wiki/Venango_County,_Pennsylvania
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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