Houston Oil Company of Texas
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Product Details
Company | Houston Oil Company of Texas |
Certificate Type | Voting Trust |
Date Issued | April 13, 1931 |
Canceled | Yes |
Printer | Republic Bank Note Company |
Signatures | Machine printed |
Approximate Size |
11 1/4" (w) by 7 1/2" (h) |
Product Images |
Show the exact certificate you will receive |
Authentic | Yes |
Additional Details | NA |
Historical Context
In 1901, and after the discovery of oil at Spindletop, John Henry Kirby partnered with Patrick Calhoun of the Houston Oil Company of Texas. Kirby sought an unusual business relationship between his lumber company - the Kirby Lumber Company - and the oil entity. The Kirby Lumber Company would gain timber rights onto extensive east Texas land whereas the Houston Oil Company would gain land and maintain mineral rights. Several years later, legal issues would cause litigation in the Texas courts. Kirby overestimated the value of the lumber. Also, the partners failed to clearly define ownership of certain land areas. The Kirby Lumber Company still continued to prosper despite court ordered receivership status for both companies.
In 1902, Kirby took over the Higgins Oil and Fuel Company owned by Pattillo Higgins for 3 million dollars. Years later, in 1921, Kirby established the Kirby Petroleum Company, which operated as a Houston-based oil and gas exploration company.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.