In 1882 Standard merged all its properties into Standard Oil Trusts, increasing the capitol to $70million, and 42 certificate holders. Ten years later the trust was broke up by Ohio court decision. The companies that made up the trust later joined in the formation of Standard Oil Company (New Jersey), since NJ had adopted a law that permitted a parent company to own the stock of other companies...
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Standard Oil owned three-fourths of the petroleum business in the U.S. in the 1890’s. Rockefeller wasn’t only the head of Standard, he also owned iron mines and timberland. He invested in many other companies in manufacturing and transportation. Rockefeller retired active leadership from Standard in1896, but help the title of president until 1911...
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