Welcome to my store! Huge Stock and Bond Sale! Please see my other items! Rare railroad bond issued to Standard Oil tycoon John D. Scarce and historical piece of the Rockefeller fortune! John Davison Rockefeller Sr. (July 8, 1839 May 23, 1937) was an American oil industry. Business magnate and philanthropist, who is considered to be the wealthiest American of all time by virtually every source. Andlargely the richest person in modern history. Born in upstate New York, he was shaped by his con man. Father and religious mother. His family moved several times before eventually settling in Cleveland, Ohio. He had various siblings, including William. Who would enter the oil business with him. Rockefeller became an assistant bookkeeper at the age of 16, and went into a business partnership with Maurice B. And his brothers at 20. He bought them out and went on founding Rockefeller & Andrews with his brother William and another shareholder chemist Samuel Andrews. Instead of drilling for oil, he concentrated on refining. In 1867, Henry Flagler. The Rockefeller, Andrews & Flagler. Company prospered, incorporating local refineries, until the foundation of Standard Oil. Rockefeller founded Standard Oil Company, Inc. In 1870 as an Ohio. Partnership with his brother William. Along with Henry Flagler. And a silent partner. He ran it until officially retiring in 1897. Grew in importance, Rockefeller’s wealth soared and he became the richest person in the country, controlling 90% of all oil in the United States at his peak. Oil was used throughout the country as a light source until the introduction of electricity. And as a fuel after the invention of automobile. Rockefeller had enormous influence on the railroad industry, which transported his oil around the country. Standard Oil dominated the oil industry and was the first great business trust. In the United States. Rockefeller revolutionized the petroleum industry. And along with other key contemporary industrialists such as steel magnate Andrew Carnegie. Defined the structure of modern philanthropy. Ruled in 1911 that Standard Oil must be dismantled because it violated federal anti-trust laws. It was broken up into 34 separate entities that included companies that would become ExxonMobil. Some of them are still among companies with the largest revenue. The individual pieces of the company were worth more than the whole, and as shares of the individual companies doubled and tripled in value in their early years, Rockefeller became the countrys first billionaire. With a fortune worth nearly 2 percent of the national economy. Two years after the dissolution of Standard Oil, at 74 years of age. Rockefeller spent the last 40 years of his life in retirement at his estate, Kykuit. , in Westchester County, New York. His fortune was mainly used to create the modern systematic approach of targeted philanthropy. He was able to do this through the creation of foundations that had a major effect on medicine, education and scientific research. His foundations pioneered the development of medical research and were instrumental in the eradication of hookworm. Rockefeller was also the founder of both the University of Chicago. And funded the establishment of Central Philippine University. He was a devout and devoted Northern Baptist. And supported many church-based institutions. Rockefeller adhered to total abstinence from alcohol and tobacco throughout his life. He was a faithful congregant of the Erie Street Baptist Mission Church, where he taught Sunday school, and served as a trustee, clerk, and occasional janitor. Religion was a guiding force throughout his life, and Rockefeller believed it to be the source of his success. Rockefeller was also considered a supporter of capitalism. Based on a perspective of social Darwinism. And was quoted often as saying The growth of a large business is merely a survival of the fittest. Rockefeller’s birthplace in Richford, New York. Rockefeller was the second of six children and eldest son born in Richford, New York. To con artist William Avery “Bill” Rockefeller. (November 13, 1810 May 11, 1906) and Eliza Davison (September 12, 1813 March 28, 1889). His siblings were Lucy (18381878), William Jr. (18411922), Mary (18431925), and twins Franklin (Frank). (18451917) and Frances (18451847). His father was of English. Descent while his mother was of Scots-Irish. The locals referred to the mysterious but fun-loving man as “Big Bill” and “Devil Bill”. Throughout his life, Bill was notorious for shady schemes. In between the births of Lucy and John, Bill and his mistress/housekeeper Nancy Brown had a daughter named Clorinda who died young. Between John and William Jr. S births, Bill and Nancy had another daughter, Cornelia. Eliza, a homemaker and a devout Baptist. Struggled to maintain a semblance of stability at home, as Bill was frequently gone for extended periods. She also put up with his philandering. And his double life, which included bigamy. Thrifty by nature and necessity, she taught her son that “willful waste makes woeful want”. He followed his father’s advice to “trade dishes for platters” and always get the better part of any deal. Bill once bragged, I cheat my boys every chance I get. I want to make’em sharp. From the beginning, I was trained to work, to save, and to give. When he was a boy, his family moved to Moravia, New York. And in 1851 to Owego, New York. Where he attended Owego Academy. In 1853, his family moved to Strongsville, Ohio. And he attended Cleveland’s Central High School, the first high school in Cleveland and the first free, public high school west of the Alleghenies. Then, he took a ten-week business course at Folsom’s Commercial College. Where he studied bookkeeping. Despite his father’s absences and frequent family moves, young John was a well-behaved, serious, and studious boy. His contemporaries described him as reserved, earnest, religious, methodical, and discreet. He was an excellent debater and expressed himself precisely. He also had a deep love of music and dreamed of it as a possible career. Rockefeller at age 18, ca. In September 1855, when Rockefeller was sixteen, he got his first job as an assistant bookkeeper. Working for a small produce commission firm called Hewitt & Tuttle. He worked long hours and delighted, as he later recalled, in all the methods and systems of the office. He was particularly adept at calculating transportation costs, which served him well later in his career. In 2015 dollars and to live 100 years. Business partnership and Civil War service. In 1859, Rockefeller went into the produce commission business with a partner, Maurice B. In 2015 dollars in capital. While his brother Frank fought in the Civil War, Rockefeller tended his business and hired substitute soldiers. Rockefeller was an abolitionist who voted for President Abraham Lincoln. And supported the then-new Republican Party. He felt at ease and righteous following Methodist. S dictum, gain all you can, save all you can, and give all you can. This created an oil-drilling glut, with thousands of speculators attempting to make their fortunes. Most failed, but those who struck oil did not even need to be efficient. They would blow holes in the ground and gather up the oil as they could, often leading to creeks and rivers flowing with wasted oil in the place of water. In this environment of wasteful boom, the partners switched from foodstuffs to oil, building an oil refinery. In 1863 in The Flats. , then Cleveland’s burgeoning industrial area. The refinery was directly owned by Andrews, Clark & Company, which was composed of Clark & Rockefeller, chemist. Clark’s two brothers. The commercial oil business was then in its infancy. Had become too expensive for the masses, and a cheaper, general-purpose lighting fuel was needed. While other refineries would keep the 60% of oil product that became kerosene, but dump the other 40% in rivers and massive sludge piles. Likewise, Rockefeller’s refineries hired their own plumbers, cutting the cost of pipe-laying in half. 96 when Rockefeller bought the wood and had them built for himself. In February 1865, in what was later described by oil industry historian Daniel Yergin. Rockefeller said, It was the day that determined my career. He was well positioned to take advantage of postwar prosperity and the great expansion westward fostered by the growth of railroads. He borrowed heavily, reinvested profits, adapted rapidly to changing markets, and fielded observers to track the quickly expanding industry. Beginning in the oil business. In 1866, William Rockefeller Jr. John’s brother, built another refinery in Cleveland and brought John into the partnership. In 1867, Henry M. Became a partner, and the firm of Rockefeller, Andrews & Flagler. By 1868, with Rockefeller continuing practices of borrowing and reinvesting profits, controlling costs, and using refineries’ waste, the company owned two Cleveland refineries and a marketing subsidiary in New York. It was the largest oil refinery in the world. Rockefeller, Andrews & Flagler was the predecessor of the Standard Oil Company. Main article: Standard Oil. Founding and early growth. By the end of the American Civil War. Was one of the five main refining centers in the U. And the region in northwestern Pennsylvania. Where most of the oil originated. By 1869 there was three times more kerosene refining capacity than needed to supply the market, and the capacity remained in excess for many years. On 10 January 1870, Rockefeller abolished the partnership of Rockefeller, Andrews & Flagler. Forming Standard Oil of Ohio. Continuing to apply his work ethic and efficiency, Rockefeller quickly expanded the company to be the most profitable refiner in Ohio. Likewise, it became become one of the largest shippers of oil and kerosene in the country. The railroads competed fiercely for traffic and, in an attempt to create a cartel. Offering special deals to bulk customers like Standard oil, outside the main oil centers. This touched off a firestorm of protest from independent oil well owners, including boycotts and vandalism, which led to the discovery of Standard Oil’s part in the deal. A major New York refiner, Charles Pratt and Company. Headed by Charles Pratt. Led the opposition to this plan, and railroads soon backed off. Pennsylvania revoked the cartel’s charter, and non-preferential rates were restored for the time being. While competitors may have been unhappy, Rockefeller’s efforts did bring American consumers cheaper kerosene and other oil by-products. Before 1870, oil light was only for the wealthy, provided by expensive whale oil. But during the next decade, kerosene became commonly available to the working and middle classes. In less than four months in 1872, in what was later known as “The Cleveland Conquest” or “The Cleveland Massacre”, Standard Oil absorbed 22 of its 26 Cleveland competitors. Eventually, even his former antagonists, Pratt and Rogers, saw the futility of continuing to compete against Standard Oil: in 1874, they made a secret agreement with Rockefeller to be acquired. Pratt and Rogers became Rockefeller’s partners. Rogers, in particular, became one of Rockefeller’s key men in the formation of the Standard Oil Trust. Pratt’s son, Charles Millard Pratt. Became Secretary of Standard Oil. For many of his competitors, Rockefeller had merely to show them his books so they could see what they were up against and make them a decent offer. But this was not intended to eliminate competition entirely. In fact, his partner Pratt said of that accusation Competitors we must have… If we absorb them, it surely will bring up another. Instead of wanting to eliminate them, Rockefeller saw himself as the industry’s savior, “an angel of mercy” absorbing the weak and making the industry as a whole stronger, more efficient, and more competitive. Standard was growing horizontally. It developed over 300 oil-based products from tar to paint to Vaseline. Petroleum jelly to chewing gum. By the end of the 1870s, Standard was refining over 90% of the oil in the U. He instinctively realized that orderliness would only proceed from centralized control of large aggregations of plant and capital, with the one aim of an orderly flow of products from the producer to the consumer. That orderly, economic, efficient flow is what we now, many years later, call’ vertical integration. I do not know whether Mr. Rockefeller ever used the word’integration’. I only know he conceived the idea. A Standard Oil of Ohio successor of Rockefeller. Standard Oil Trust Certificate 1896. In 1877, Standard clashed with Thomas A. The president of the Pennsylvania Railroad. Standard’s chief hauler. Rockefeller envisioned pipelines as an alternative transport system for oil and began a campaign to build and acquire them. But in the aftermath of that battle, in 1879 the Commonwealth of Pennsylvania indicted Rockefeller on charges of monopolizing the oil trade, starting an avalanche of similar court proceedings in other states and making a national issue of Standard Oil’s business practices. Rockefeller was under great strain during the 1870s and 1880s when he was carrying out his plan of consolidation and integration and being attacked by the press. He complained that he could not stay asleep most nights. All the fortune that I have made has not served to compensate me for the anxiety of that period. Puck magazine cartoon, “The Infant Hercules and the Standard Oil serpents”, May 23, 1906 issue; depicting U. President Theodore Roosevelt grabbing the head of Nelson W. Aldrich and the snake-like body of John D. Although it always had hundreds of competitors, Standard Oil gradually gained dominance of oil refining and sales as market share in the United States through horizontal integration. Ending up with about 90% of the US market. In the kerosene industry, the company replaced the old distribution system with its own vertical system. It supplied kerosene by tank cars that brought the fuel to local markets, and tank wagons then delivered to retail customers, thus bypassing the existing network of wholesale jobbers. Despite improving the quality and availability of kerosene products while greatly reducing their cost to the public (the price of kerosene dropped by nearly 80% over the life of the company), Standard Oil’s business practices created intense controversy. Standard’s most potent weapons against competitors were underselling, differential pricing, and secret transportation rebates. The firm was attacked by journalists and politicians throughout its existence, in part for these monopolistic. Methods, giving momentum to the antitrust. By 1880, according to the New York World. Standard Oil was “the most cruel, impudent, pitiless, and grasping monopoly that ever fastened upon a country”. To critics Rockefeller replied, In a business so large as ours… Some things are likely to be done which we cannot approve. We correct them as soon as they come to our knowledge. At that time, many legislatures had made it difficult to incorporate in one state and operate in another. As a result, Rockefeller and his associates owned dozens of separate corporations, each of which operated in just one state; the management of the whole enterprise was rather unwieldy. In 1882, Rockefeller’s lawyers created an innovative form of corporation to centralize their holdings, giving birth to the Standard Oil Trust. Was a corporation of corporations, and the entity’s size and wealth drew much attention. Nine trustees, including Rockefeller, ran the 41 companies in the trust. The public and the press were immediately suspicious of this new legal entity, and other businesses seized upon the idea and emulated it, further inflaming public sentiment. Standard Oil had gained an aura of invincibility, always prevailing against competitors, critics, and political enemies. It had become the richest, biggest, most feared business in the world, seemingly immune to the boom and bust of the business cycle, consistently making profits year after year. The company’s vast American empire included 20,000 domestic wells, 4,000 miles of pipeline, 5,000 tank cars, and over 100,000 employees. Its share of world oil refining topped out above 90% but slowly dropped to about 80% for the rest of the century. Despite the formation of the trust and its perceived immunity from all competition, by the 1880s Standard Oil had passed its peak of power over the world oil market. Rockefeller finally gave up his dream of controlling all the world’s oil refining, he admitted later, We realized that public sentiment would be against us if we actually refined all the oil. Over time foreign competition and new finds abroad eroded his dominance. In the early 1880s, Rockefeller created one of his most important innovations. Rather than try to influence the price of crude oil directly, Standard Oil had been exercising indirect control by altering oil storage charges to suit market conditions. Rockefeller then ordered the issuance of certificates against oil stored in its pipelines. These certificates became traded by speculators, thus creating the first oil-futures market which effectively set spot market prices from then on. Fear of monopolies (“trusts”) is shown in this attack on Rockefeller’s Standard Oil Company. Rockefeller as an industrial emperor, 1901 cartoon from Puck. Although 85% of world crude production was still coming from Pennsylvania wells in the 1880s, drilling in Russia and Asia began to reach the world market. Had established his own refining enterprise in the abundant and cheaper Russian oil fields, including the region’s first pipeline and the world’s first oil tanker. Jumped into the fray providing financing. Additional fields were discovered in Burma and Java. Even more critical, the invention of the light bulb gradually began to erode the dominance of kerosene for illumination. But Standard Oil adapted, developing a European presence, expanding into natural gas. Production in the U. Then into gasoline for automobiles, which until then had been considered a waste product. Standard Oil moved its headquarters to New York City at 26 Broadway, and Rockefeller became a central figure in the city’s business community. He bought a residence in 1884 on 54th Street near the mansions of other magnates such as William Henry Vanderbilt. Despite personal threats and constant pleas for charity, Rockefeller took the new elevated train to his downtown office daily. In 1887, Congress created the Interstate Commerce Commission. More threatening to Standard’s power was the Sherman Antitrust Act. Of 1890, originally used to control unions, but later central to the breakup of the Standard Oil trust. Ohio was especially vigorous in applying its state anti-trust laws, and finally forced a separation of Standard Oil of Ohio from the rest of the company in 1892, the first step in the dissolution of the trust. Judge Kenesaw Mountain Landis. Wags his pen at John D. Rockefeller, who is sitting in the witness stand, during the Standard Oil case on July 6, 1907. In the 1890s, Rockefeller expanded into iron ore and ore transportation, forcing a collision with steel magnate Andrew Carnegie. And their competition became a major subject of the newspapers and cartoonists. Amid the frenetic expansion, Rockefeller began to think of retirement. The daily management of the trust was turned over to John Dustin Archbold. And Rockefeller bought a new estate, Pocantico Hills. North of New York City, turning more time to leisure activities including the new sports of bicycling and golf. Upon his ascent to the presidency, Theodore Roosevelt initiated dozens of suits under the Sherman Antitrust Act and coaxed reforms out of Congress. Then controlled by J. A deal brokered by Henry Clay Frick. Exchanged Standard’s iron interests for U. Steel stock and gave Rockefeller and his son membership on the companys board of directors. One of the most effective attacks on Rockefeller and his firm was the 1904 publication of The History of the Standard Oil Company. She documented the company’s espionage, price wars, heavy-handed marketing tactics, and courtroom evasions. Although her work prompted a huge backlash against the company, Tarbell stated she was surprised at its magnitude. I never had an animus against their size and wealth, never objected to their corporate form. I was willing that they should combine and grow as big and wealthy as they could, but only by legitimate means. But they had never played fair, and that ruined their greatness for me. ” Tarbell’s father had been driven out of the oil business during the ” South Improvement Company. Rockefeller called her “Miss Tarbarrel” in private but held back in public saying only, not a word about that misguided woman. He began a publicity campaign to put his company and himself in a better light. Though he had long maintained a policy of active silence with the press, he decided to make himself more accessible and responded with conciliatory comments such as capital and labor are both wild forces which require intelligent legislation to hold them in restriction. He wrote and published his memoirs beginning in 1908. Critics found his writing to be sanitized and disingenuous and thought that statements such as “the underlying, essential element of success in business is to follow the established laws of high-class dealing” seemed to be at odds with his true business methods. Rockefeller and his son continued to consolidate their oil interests as best they could until New Jersey, in 1909, changed its incorporation laws to effectively allow a re-creation of the trust in the form of a single holding company. Rockefeller retained his nominal title as president until 1911 and he kept his stock. At last in 1911, the Supreme Court of the United States. Found Standard Oil Company of New Jersey. In violation of the Sherman Antitrust Act. By then the trust still had a 70% market share of the refined oil market but only 14% of the U. The court ruled that the trust originated in illegal monopoly. Practices and ordered it to be broken up into 34 new companies. These included, among many others, Continental Oil, which became Conoco. Now part of ConocoPhillips. Standard of Indiana, which became Amoco. Now part of BP. Standard of California, which became Chevron. Standard of New Jersey, which became Esso. , now part of ExxonMobil. Standard of New York, which became Mobil. Now part of ExxonMobil; and Standard of Ohio, which became Sohio. And Chevron have remained separate companies. He and all other stockholders received proportionate shares in each of the 34 companies. In the aftermath, Rockefeller’s control over the oil industry was somewhat reduced but over the next 10 years, the breakup also proved immensely profitable for him. Colorado Fuel and Iron. Rockefeller around 1900 by Oscar White. In 1902, facing cash flow problems, John Cleveland Osgood. Turned to George Jay Gould. A principle stockholder of the Denver and Rio Grande for a loan. Gould, via Frederick Taylor Gates. Rockefeller’s financial adviser, brought John D. Rockefeller in to help finance the loan. Analysis of the company’s operations by John D. Control was passed from the Iowa Group. To Gould and Rockefeller interests in 1903 with Gould in control and Rockefeller and Gates representing a minority interests. Osgood left the company in 1904 and devoted his efforts to operating competing coal and coke operations. Strike of 191314 and the Ludlow Massacre. The strike, called in September 1913, by the United Mine Workers over the issue of union representation. Was against coal mine operators in Huerfano and Las Animas counties in southern Colorado where the majority of CF&I’s coal and coke production was located, and was fought by the coal mine operators association and its steering committee which included Welborn, president of CF&I, who was spokesman for the coal operators. Rockefeller’s man, remained in the background. Few of the miners actually belonged to the union or participated in the strike call, but the majority honored it. (called “scabs”) were threatened and sometimes attacked. Striking miners were forced to abandon their homes in company towns and lived in tent cities. Erected by the union such as the tent city at Ludlow, a railway stop north of Trinidad. In February 1914 a substantial portion of the troops were withdrawn, but a substantial contingent remained at Ludlow. On April 20, 1914, a general fire-fight occurred between strikers and troops. The camp burned, and 15 women and children in the camp were burned to death. Costs to both mine operators and the union were high. Due to reduced demand for coal resulting from an economic downturn many of CF&I’s coal mines never reopened and many men were thrown out of work. The union was forced to discontinue strike benefits in February 1915. There was destitution in the coal fields. With the help of funds from the Rockefeller Foundation. Relief programs were organized by the Colorado Committee on Unemployment and Relief, a state agency created by Governor Carlson, offering work to unemployed miners building roads and doing other useful projects. The casualties suffered at Ludlow were successfully labeled a massacre. And mobilized public opinion against the Rockefellers and the coal industry. The United States Commission on Industrial Relations. Conducted extensive hearings singling out John D. And the Rockefellers’ relationship with Bowers for special attention. Bower was relieved of duty and Welborn restored to control in 1915 and industrial relations improved. Initially following the massacre, Rockefeller denied any responsibility and minimized the seriousness of the event. When testifying on the Ludlow Massacre. And asked what action he would have taken as Director, John D. Rockefeller stated, I would have taken no action. I would have deplored the necessity which compelled the officers of the company to resort to such measures to supplement the State forces to maintain law and order. Rockefeller admitted that he had made no attempt to bring the militiamen to justice. Rockefeller’s grave in Lake View Cemetery, Cleveland. In his 50s Rockefeller suffered from moderate depression and digestive troubles and, during a stressful period in the 1890s, developed alopecia. A condition that causes the loss of some or all body hair. By 1901 he did not have a hair on his body, and he began wearing wigs. The hair never grew back, but his other health complaints subsided as he lightened his workload. Rockefeller died of arteriosclerosis. On May 23, 1937, less than two months shy of his 98th birthday. , his home in Ormond Beach, Florida. He was buried in Lake View Cemetery. Further information: Rockefeller family. Against long circulating speculations that his family has French roots, genealogists proved the German origin of Rockefeller and traced them back to the early 17th century. Thereupon Johann Peter Rockenfeller baptized 27 September 1682 in the Protestant. Immigrated in 1723 from Altwied today a district of Neuwied. With three children to North America and settled down in Germantown, Pennsylvania. The name Rockenfeller (from Rockenfeld) refers to Rockenfeld English: distaff. Field in the district of Neuwied. Kykuit in Westchester County, New York, where Rockefeller spent his retirement. It has been home to four generations of the Rockefeller family. In 1864, Rockefeller married Laura Celestia “Cettie” Spelman. (18391915), daughter of Harvey Buell Spelman and Lucy Henry. They had four daughters and one son together. He said later, Her judgment was always better than mine. Without her keen advice, I would be a poor man. (August 23, 1866 November 14, 1906). Alice Rockefeller (July 14, 1869 August 20, 1870). (April 12, 1871 June 21, 1962). (August 31, 1872 August 25, 1932). John Davison Rockefeller, Jr. (January 29, 1874 May 11, 1960). The Rockefeller wealth, distributed as it was through a system of foundations and trusts, continued to fund family philanthropic, commercial, and, eventually, political aspirations throughout the 20th century. S youngest son David Rockefeller. Was a leading New York banker, serving for over 20 years as CEO of Chase Manhattan. Now part of JPMorgan Chase. Second son, Nelson Aldrich Rockefeller. Was Republican governor of New York and the 41st Vice President of the United States. Fourth son Winthrop Aldrich Rockefeller. Served as Republican Governor of Arkansas. Grandchildren Abigail Aldrich “Abby” Rockefeller. And John Davison Rockefeller III. Grandson Laurance Spelman Rockefeller. Great-grandson John Davison “Jay” Rockefeller IV. Served from 1985 until 2015 as a Democratic. Senator from West Virginia. After serving as governor of West Virginia. Served as Lieutenant Governor of Arkansas for a decade. The Euclid Avenue Baptist Church and its pastor, the Rev. Charles Aubrey Eaton in 1904. Rockefeller was born in Richford, New York. Then part of the Burned-over district. A New York state area being the site of an evangelical. Known as the Second Great Awakening. It drew masses to various Protestant. Churchesespecially Baptist onesurging believers to follow such ideals as hard work, prayer and good deeds to build “the Kingdom of God on Earth”. Early in his life, he regularly went with his siblings and mother Eliza to the local Baptist church the Erie Street Baptist Church (later the Euclid Avenue Baptist Church) an independent Baptist church which eventually came to associate with the Northern Baptist Convention. His mother was deeply religious and disciplined, and had a major influence on him in religious matters. During church service, his mother would urge him to contribute his few pennies to the congregation. He came to associate the church with charity. Later in his life, Rockefeller recalled: “It was at this moment, that the financial plan of my life was formed”. A devout Northern Baptist, Rockefeller would read the Bible daily, attend prayer meetings twice a week and even led his own Bible study with his wife. Has noted, he sometimes gave tens of thousands of dollars to Christian groups, while, at the same time, he was trying to borrow over a million dollar to expand his business. His philosophy of giving was founded upon biblical principles. He truly believed in the biblical principle found in Luke 6:38, Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you. Rockefeller would support Baptist missionary activity, fund universities, and heavily engage in religious activities at his Cleveland, Ohio. While traveling the South. As well as other Christian denominations. One time, he paid for a slave’s freedom and donated to a Roman Catholic. As he grew rich, his donations became more generous, especially to his church in Cleveland; nevertheless, it was erased in 1925, and replaced with another building. At the height of Rockefeller’s power as monopolist there began rumors that the family guards as an “embarrassing secret”. However, journalists could not find him before his death, and only two years later the whole story was published. Bill, who traveled as a mountebank. Across the country, sometimes a glad-handing huckster or occasionally as herbal doctor. , although he had no legitimate medical training, abandoned his family around 1855, but remained legally married to Eliza up to her death. He adopted the name William Levingston and married, as a bigamist. Allen (18341910), without issue. He died in 1906 and his tomb was paid from the property of his second wife. Rockefeller’s charitable giving began with his first job as a clerk at age 16, when he gave six percent of his earnings to charity, as recorded in his personal ledger. By the time he was twenty, his charity exceeded ten percent of his income. Much of his giving was church-related. His church was later affiliated with the Northern Baptist Convention. Which formed from American Baptists in the North with ties to their historic missions. To establish schools and colleges for freedmen. After the American Civil War. Rockefeller attended Baptist churches every Sunday; when traveling he would often attend services at African-American Baptist congregations, leaving a substantial donation. As Rockefeller’s wealth grew, so did his giving, primarily to educational and public health causes, but also for basic science and the arts. He was advised primarily by Frederick Taylor Gates. And, after 1897, also by his son. He was allegedly influenced. By a meeting with Swami Vivekananda. Who urged him to use more of his philanthropy to help the poor and distressed people. Rockefeller believed in the Efficiency Movement. Arguing that: To help an inefficient, ill-located, unnecessary school is a waste… Rockefeller and his advisers invented the conditional grant, which required the recipient to “root the institution in the affections of as many people as possible who, as contributors, become personally concerned, and thereafter may be counted on to give to the institution their watchful interest and cooperation”. In 1884, Rockefeller provided major funding for a college in Atlanta for African-American women, which became Spelman College. Named for Rockefeller’s in-laws who were ardent abolitionists. Before the Civil War. The oldest existing building on Spelman’s campus, Rockefeller Hall, is named after him. Rockefeller also gave considerable donations to Denison University. And other Baptist colleges. Under William Rainey Harper. Turning a small Baptist college into a world-class institution by 1900. He also gave a grant to the American Baptist Missionaries foreign mission board, the American Baptist Foreign Mission Society. In establishing Central Philippine University. In 1905 in the heavily Catholic Philippines. Rockefeller and his son John Jr. Rockefeller’s General Education Board. Was established to promote education at all levels everywhere in the country. In keeping with the historic missions of the Baptists, it was especially active in supporting black schools in the South. Rockefeller also provided financial support to such established eastern institutions as Yale. On Gates’ advice, Rockefeller became one of the first great benefactors of medical science. In 1901, he founded the Rockefeller Institute for Medical Research. In New York City. It changed its name to Rockefeller University. In 1965, after expanding its mission to include graduate education. It claims a connection to 23 Nobel laureates. He founded the Rockefeller Sanitary Commission in 1909. An organization that eventually eradicated the hookworm. Which had long plagued rural areas of the American South. His General Education Board made a dramatic impact by funding the recommendations of the Flexner Report. The study had been undertaken by the Carnegie Foundation for the Advancement of Teaching. Rockefeller created the Rockefeller Foundation. To continue and expand the scope of the work of the Sanitary Commission. Which was closed in 1915. Which focused on public health, medical training, and the arts. It endowed Johns Hopkins School of Hygiene and Public Health. The first of its kind. It also built the Peking Union Medical College. In China into a notable institution. The foundation helped in World War I. And it employed William Lyon Mackenzie King. Of Canada to study industrial relations. In the 1920s, the Rockefeller Foundation funded a hookworm eradication campaign through the International Health Division. This campaign used a combination of politics and science, along with collaboration between healthcare workers and government officials to accomplish its goals. Rockefeller’s fourth main philanthropy, the Laura Spelman Rockefeller Memorial Foundation, was created in 1918. Through this, he supported work in the social studies; this was later absorbed into the Rockefeller Foundation. Rockefeller became well known in his later life for the practice of giving dimes to adults and nickels to children wherever he went. He even gave dimes as a playful gesture to wealthy men, such as tire mogul. One of the co-founders of Standard Oil along with Rockefeller, bought the Ormond Hotel in 1890, located in Ormond Beach, Florida. Two years after it opened. Flagler expanded it to accommodate 600 guests and the hotel soon became one in a series of Gilded Age hotels catering to passengers aboard Flagler’s Florida East Coast Railway. One of Flagler’s guests at the Ormond Hotel was his former business partner John D. Rockefeller, who first stayed at the hotel in 1914. Rockefeller liked the Ormond Beach area so much that after four seasons at the hotel, he bought an estate in Ormond Beach called “The Casements”. It would be Rockefeller’s winter home during the latter part of his life. Rockefeller’s painting by John Singer Sargent. Rockefeller had a long and controversial career in the oil industry followed by a long career in philanthropy. His image is an amalgam. Of all of these experiences and the many ways he was viewed by his contemporaries. They also include politicians and writers, some of whom served Rockefeller’s interests, and some of whom built their careers by fighting Rockefeller and the robber barons. Answering Rockefeller’s enemies, concluded. The rise of the Standard Oil men to great wealth was not from poverty. It was not meteor-like, but accomplished over a quarter of a century by courageous venturing in a field so risky that most large capitalists avoided it, by arduous labors, and by more sagacious and farsighted planning than had been applied to any other American industry. The oil fortunes of 1894 were not larger than steel fortunes, banking fortunes, and railroad fortunes made in similar periods. But it is the assertion that the Standard magnates gained their wealth by appropriating “the property of others” that most challenges our attention. We have the conclusion of another that his wealth was the least tainted of all the great fortunes of his day. What makes him problematicand why he continues to inspire ambivalent reactionsis that his good side was every bit as good as his bad side was bad. Seldom has history produced such a contradictory figure. Notwithstanding these varied aspects of his public life, Rockefeller may ultimately be remembered simply for the raw size of his wealth. His wealth continued to grow significantly in line with U. According to the New York Times. Obituary, it was estimated after Mr. This was probably the greatest amount of wealth that any private citizen had ever been able to accumulate by his own efforts. According to some methods of wealth calculation, Rockefeller’s net worth over the last decades of his life would easily place him as the wealthiest known person in recent history. As a percentage of the United States’ GDP, no other American fortune including those of Bill Gates. Would even come close. Rockefeller, aged 86, penned the following words to sum up his life. I was early taught to work as well as play, My life has been one long, happy holiday; Full of work and full of play I dropped the worry on the way And God was good to me everyday. Please see photos for details! Please wait for an invoice if you win multiple items! Please do not request this! Stock certificates are old paper documents, and as such, may have cancellations, tears, stamps, pin holes etc. The item “1917 Western Maryland RR Bond Issued to JOHN D. ROCKEFELLER! Rare NY Tax Stamps” is in sale since Thursday, November 24, 2016. This item is in the category “Coins & Paper Money\Stocks & Bonds, Scripophily\Transportation\Railroads”. The seller is “mac2735″ and is located in Brockport, New York. This item can be shipped worldwide.