Hamilton McClintock Oil Co. - Stock Certificate
Inv# OS2018 StockStock printed by H.F. Corliss & Macy, NY with 25 cents revenue stamp! Civil War era dated! Great cherry red coloring! Uncancelled and not negotiable.
Hamilton McClintock was born in Sherman Valley, Pennsylvania, May 21, 1771. Becoming a pioneer settler of Venango county, Pennsylvania, he bought a tract of wild land that is now included within the corporate limits of Oil City, and in the wilderness erected a log house for his first home. Toiling with energy, he cleared a large part of the land, and was there a tiller of the soil until his death, in 1857, at the venerable age of eighty-six years. As early as 1807, Hamilton McClintock was collecting twenty to thirty barrels of oil each year from seeps on his farm located along Oil Creek in Pennsylvania, selling it for one to two dollars a gallon. He married Mary Culber[t]son, who was born September 19, 1775, in Sherman Valley, Pennsylvania, and died January 27, 1863, aged eighty-eight years. After Hamilton McClintock's death in 1857 son Culbertson McClintock continued the family's oil interests. Buried Plumer, Venango County, Pennsylvania, USA.
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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