Summer Petroleum and Mining Co. - 1865 dated Pennsylvania Oil Stock Certificate
Inv# OS2107 Stock
Stock with 25 cents revenue stamp! Civil War era dated! Venango County, Pennsylvania. Uncancelled and not negotiable. Fold staining.
Venango County is located within the Commonwealth of Pennsylvania. According to the 2020 census, the population stood at 50,454 residents. The administrative center of the county is Franklin. Established in 1800 and organized in 1805, Venango County is situated in the Northwest Pennsylvania region. It encompasses the Oil City, PA micropolitan statistical area and is included in the media markets of Pittsburgh and Erie, with Erie channels accessible to Comcast subscribers in the vicinity.
Shortly thereafter, Rogers encountered oil pioneer Charles Pratt, who acquired the complete production of the small Wamsutta Oil Refinery.
In 1867, Rogers partnered with Pratt to establish Charles Pratt and Company, which was subsequently acquired by Standard Oil in 1874. Rogers emerged as a significant figure within John D. Rockefeller's Standard Oil Trust. Venango County was formed on March 12, 1800, from portions of Allegheny and Lycoming Counties. The name "Venango" originates from the Native American term Onenge, which translates to Otter. This name was anglicized to refer to the Venango River, and the settlement at its mouth was also named Venango, which has been recognized as the South Side of Oil City since March 3, 1871.
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.
Ebay ID: labarre_galleries