The Rise And Progress of the Standard Oil Company
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Rockefeller, O. N. Payne, and William Rockefeller, elected to hold office till 1885 ; J. A. Bost- wick, H. M. Flagler, and W. G. Warden, to hold office till 1884; and Charles Pratt, Benjamin Brewster, and John D. Arch- bold, to hold office till 1883. At each annual meeting the certificate owners elected three trustees, for three years each, to fill vacancies due to expiration of term. Such was the *' trust" as formed by the agreement of January 2, 1882. ^ * The trust agreement is given in full ...in Investiga- tion of Trusts, Congress, 1888, p. 307. 81 The Rise and Progress op By an amendment two days later this agreement was slightly changed, as it was deemed inexpedient that all the companies mentioned should transfer their property immediately to the several Standard Oil Companies. The trustees were given pow- er to decide what companies should con- vey their property and when the sale should take place. The powers of the trustees, then, as defined by the ** trust" agreement, were to collect on the stock which they held the dividends of the several constituent companies, and after- wards, upon the trust certificates out- standing, to disburse their receipts as dividends.
What to read after The Rise And Progress of the Standard Oil Company?
You can find similar books in the "Read Also" column, or choose other free books by Gilbert Holland Montague to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Rockefeller, O. N. Payne, and William Rockefeller, elected to hold office till 1885 ; J. A. Bost- wick, H. M. Flagler, and W. G. Warden, to hold office till 1884; and Charles Pratt, Benjamin Brewster, and John D. Arch- bold, to hold office till 1883. At each annual meeting the certificate owners elected three trustees, for three years each, to fill vacancies due to expiration of term. Such was the *' trust" as formed by the agreement of January 2, 1882. ^ * The trust agreement is given in full ...in Investiga- tion of Trusts, Congress, 1888, p. 307. 81 The Rise and Progress op By an amendment two days later this agreement was slightly changed, as it was deemed inexpedient that all the companies mentioned should transfer their property immediately to the several Standard Oil Companies. The trustees were given pow- er to decide what companies should con- vey their property and when the sale should take place. The powers of the trustees, then, as defined by the ** trust" agreement, were to collect on the stock which they held the dividends of the several constituent companies, and after- wards, upon the trust certificates out- standing, to disburse their receipts as dividends.
What to read after The Rise And Progress of the Standard Oil Company?
You can find similar books in the "Read Also" column, or choose other free books by Gilbert Holland Montague to read onlineMoreLess
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