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This is a Standard Oil Ad Hard to Find Early Pages! Great Artwork! This was cut from the original Newspaper from 1937. Size: 10 x 12 inches . Paper: Some light tanning, otherwise: Excellent! Bright Colors! Pulled from Original Newspaper pages! (Please Check Scans) Free Postage USA! $25.00 Total International postage on any size order Flat Rate. I combine postage on multiple pages. Check out my other auctions for more great vintage Comic strips and Paper Dolls. Thanks for Looking! Standard Oil Type Cleveland, Ohio Corporation (1872) Business trust (1882–1892) New Jersey Holding Company (1899–1911)[1] IndustryOil and gas FoundedJanuary 10, 1870 Founders John D. Rockefeller, Co-founder & chairman Stephen V. Harkness, Co-founder & initial investor Henry M. Flagler, Co-founder & senior executive William A. Rockefeller, Co-founder, senior executive & New York Representative Samuel Andrews, Co-founder, chemist & inaugural chief of refining operations Defunct1911; 111 years ago FateAfter its dissolution in 1911, the original Standard Oil Co. split into Sohio (now part of BP); ESSO (now Exxon); and SOcal (now Chevron) Successor34 successor entities Headquarters Cleveland, Ohio (1870–1885) New York City, New York (1885–1911)[2] Key people John D. Archbold, vice president Charles Pratt, senior executive Henry H. Rogers, senior executive Oliver H. Payne, senior executive Daniel O’Day, senior executive Jabez A. Bostwick, senior executive & first treasurer William G. Warden, senior executive Jacob Vandergrift, senior executive Products Fuel lubricant petrochemicals Number of employees60,000 (1909) Standard Oil Company, Inc., was an American oil production, transportation, refining, and marketing company that operated from 1870 to 1911. At its height, Standard Oil was the largest petroleum company in the world, and its success made its co-founder and chairman, John D. Rockefeller, one of the wealthiest Americans of all time and one of the richest people in modern history. Its history as one of the world’s first and largest multinational corporations ended in 1911, when the U.S. Supreme Court ruled that it was an illegal monopoly. The company was founded in 1863 by Rockefeller and Henry Flagler, and was incorporated in 1870. Standard Oil dominated the oil products market initially through horizontal integration in the refining sector, then, in later years vertical integration; the company was an innovator in the development of the business trust. The Standard Oil trust streamlined production and logistics, lowered costs, and undercut competitors. «Trust-busting» critics accused it of using aggressive pricing to destroy competitors and form a monopoly that threatened other businesses. Rockefeller ran the company as its chairman, until his retirement in 1897. He remained the major shareholder, and in 1911, with the dissolution of the trust into 34 smaller companies, Rockefeller became the richest person in modern history, as the initial income of these individual enterprises proved to be much bigger than that of a single larger company. Its successors such as direct descendants Chevron, ExxonMobil, and Marathon Petroleum, as well as British corporation BP (which acquired many Standard Oil subsidiaries), are still among the companies with the largest revenues in the world. By 1882, Rockefeller’s top aide was John Dustin Archbold, whom he left in control after disengaging from business to concentrate on philanthropy after 1896. Other notable principals of the company include Henry Flagler, developer of the Florida East Coast Railway and resort cities, and Henry H. Rogers, who built the Virginian Railway. Founding and early years John D. Rockefeller c. 1872, shortly after founding Standard Oil Standard Oil’s pre-history began in 1863, as an Ohio partnership formed by industrialist John D. Rockefeller, his brother William Rockefeller, Henry Flagler, chemist Samuel Andrews, silent partner Stephen V. Harkness, and Oliver Burr Jennings, who had married the sister of William Rockefeller’s wife. In 1870, Rockefeller abolished the partnership and incorporated Standard Oil in Ohio. Of the initial 10,000 shares, John D. Rockefeller received 2,667, Harkness received 1,334, William Rockefeller, Flagler, and Andrews received 1,333 each, Jennings received 1,000, and the firm of Rockefeller, Andrews & Flagler received 1,000. Rockefeller chose the «Standard Oil» name as a symbol of the reliable «standards» of quality and service that he envisioned for the nascent oil industry. In the early years, John D. Rockefeller dominated the combine; he was the single most important figure in shaping the new oil industry. He quickly distributed power and the tasks of policy formation to a system of committees, but always remained the largest shareholder. Authority was centralized in the company’s main office in Cleveland, but decisions in the office were made cooperatively. The company grew by increasing sales and through acquisitions. After purchasing competing firms, Rockefeller shut down those he believed to be inefficient and kept the others. In a seminal deal, in 1868, the Lake Shore Railroad, a part of the New York Central, gave Rockefeller’s firm a going rate of one cent a gallon or forty-two cents a barrel, an effective 71% discount from its listed rates in return for a promise to ship at least 60 carloads of oil daily and to handle loading and unloading on its own.[citation needed] Smaller companies decried such deals as unfair because they were not producing enough oil to qualify for discounts. Standard’s actions and secret transport deals helped its kerosene price to drop from 58 to 26 cents from 1865 to 1870. Rockefeller used the Erie Canal as a cheap alternative form of transportation—in the summer months when it was not frozen—to ship his refined oil from Cleveland to New York City. In the winter months, his only options were the three trunk lines—the Erie Railroad and the New York Central Railroad to New York City, and the Pennsylvania Railroad to Pittsburgh and Philadelphia. Competitors disliked the company’s business practices, but consumers liked the lower prices. Standard Oil, being formed well before the discovery of the Spindletop oil field (in Texas, far from Standard Oil’s base in the Midwest) and a demand for oil other than for heat and light, was well placed to control the growth of the oil business. The company was perceived to own and control all aspects of the trade.Please note: collecting and selling comics has been my hobby for over 30 years. Due to the hours of my job I can usually only mail packages out on Saturdays. I send out Priority Mail which takes 2-3 days to arrive in the USA and Air Mail International which takes 5 -10 days depending on where you live in the world. I do not «sell» postage or packaging and charge less than the actual cost of mailing. I package items securely and wrap well. Most pages come in an Archival Sleeve with Acid Free Backing Board at no extra charge. If you are dissatisfied with an item. Let me know and I will do my best to make it right.
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