Stanwood Oil Corporation Stock Certificate

Description

Product Details
Nicely engraved antique stock certificate from the Stanwood Oil Corporation dating back to the 1950's. This document, which carries the printed signatures of the company President and Treasurer, was printed by the Security-Columbian Bank Note Company and measures approximately 12" (w) by 8" (h).
This certificate features a vignette of the historic Drake Well. The Drake Well is a 69.5-foot-deep oil well in Cherrytree Township, Venango County in the U.S. state of Pennsylvania, the success of which sparked the first oil boom in the United States.
Drilled by Edwin Drake in 1859, along the banks of Oil Creek, it is the first commercial oil well in the United States. Drake Well was listed on National Register of Historic Places and designated a National Historic Landmark in 1966. It was designated a Historic Mechanical Engineering Landmark in 1979. The well was designated a National Historic Chemical Landmark in 2009, on the sesquicentennial of the strike. The Drake well is often referred to as the first commercial oil well, although that title is also claimed for wells in Azerbaijan, Ontario, West Virginia, and Poland, among others. However, before the Drake well, oil-producing wells in the United States were wells that were drilled for salt brine, and produced oil and gas only as accidental byproducts.
An intended drinking water well at Oil Springs, Ontario found oil in 1858, a year before the Drake well, but it had not been drilled for oil. Historians have noted that the importance of the Drake well was not in being the first well to produce oil, but in attracting the first great wave of investment in oil drilling, refining, and marketing: The importance of the Drake well was in the fact that it caused prompt additional drilling, thus establishing a supply of petroleum in sufficient quantity to support business enterprises of magnitude.
Images
The images presented are representative of the piece(s) you will receive. When representative images are presented for one of our offerings, you will receive a certificate in similar condition as the one pictured; however dating, denomination, certificate number and issuance details may vary.
Historical Context
The Stanwood Oil Corporation was incorporated in and had properties in the town of Warren.
The company later diversified (via acquisition) into .