Consolidated Oil and Refining Co. - 1920 dated Maryland Oil Stock Certificate -

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Seller: labarre_galleries ✉️ (2,174) 100%, Location: Portsmouth, New Hampshire, US, Ships to: WORLDWIDE & many other countries, Item: 185411851262 Consolidated Oil and Refining Co. - 1920 dated Maryland Oil Stock Certificate - . Oversized Stock printed by Security Bank Note Company, Phila. Measures 14 1/4" x 9 1/2". May be part of Sinclair Oil. More research is needed. During September 1919, Harry Sinclair restructured Sinclair Oil and Refining Corporation, Sinclair Gulf Corporation, and 26 other related entities into Sinclair Consolidated Oil Corporation. In 1932, this new entity was renamed Consolidated Oil Corporation. In 1943, it was renamed Sinclair Oil Corporation. Near the beginning of the Great Depression, Sinclair sold the remaining interest in its pipeline subsidiary to Standard Oil Company (Indiana) for US$72.5 million (Standard Oil had purchased a 50% interest in the pipeline subsidiary in 1921). With these funds, including an additional US$33.5 million from an additional common stock issue, Sinclair retired several promissory notes and prepared to weather the Depression with the remaining supply of cash. Between 1921 and 1922, Sinclair leased oil production rights to Teapot Dome in Wyoming without competitive bidding. This led to the Teapot Dome scandal. Read more at https://en.wikipedia.org/wiki/Sinclair_Oil_Corporation Item ordered may not be exact piece shown. All original and authentic.
  • Condition: Used
  • Condition: Excellent

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