Osage-Gulf Oil and Refining Co. - 1921 dated Stock Certificate
Inv# OS2140 Stock
Stock printed by Goes. Some fold tears. Skelly Oil Company was a medium-sized oil company founded in 1919 by William Grove (Bill) Skelly, Chesley Coleman Herndon and Frederick A. Pielsticker in Tulsa, Oklahoma. J. Paul Getty acquired control of the company during the 1930s. It became defunct when fully absorbed by Getty Oil Company in 1974, and the disused Skelly brand logo was revived by Nimmons-Joliet Development Corp. in 2012.
Bill Skelly (1878–1957) came to Oklahoma from Pennsylvania in about 1913 where he worked as a mule skinner and tool dresser in the oil fields around Ardmore and Duncan, Oklahoma, prior to partnering with Jack Sanky to form Skelly Sanky Oil Company in Duncan, Oklahoma in 1915. An advertisement in The Pittsburgh Press on January 4, 1922, stated that Skelly Oil Company was formed to take over the oil properties of Skelly and of the Skelly Sanky company.
Chesley Coleman Herndon was a practicing attorney in Tulsa when he won several court victories against William Skelly involving oil leases on Osage Indian land. Skelly summoned Herndon to his office for a meeting after his final loss in court, and shortly thereafter, the two unlikely allies, along with Fred Pielsticker, the son of German immigrants who was orphaned at age twelve and became a renowned engineer, would form Skelly Oil Company. Read more at https://en.wikipedia.org/wiki/Skelly_Oil
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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