Standard Oil and Oliver Burr Jennings, who had married the sister of William Rockefeller's wife. In 1870, Rockefeller abolished the partnership and incorporated Standard Oil in Ohio. Of the initial 10,000 shares, John D. Rockefeller received 2,667; Harkness received 1,334; William Rockefeller, Flagler, and Andrews received 1,333 each; Jennings received 1,000, and the firm of Rockefeller, Andrews & Flagler received 1,000. Rockefeller chose the "Standard Oil" name as a symbol of the reliable "standards" of quality and service that he envisioned for the nascent oil industry. In the early years, John D. Rockefeller dominated the combine; he was the single most important
Standard Oil Company No. 16 (harbor tug) Oil sold the tug to the McAllister Towing and Transportation Company and she was renamed "John E. McAllister." "No. 16" was listed on the National Register of Historic Places in 2001. Standard Oil Company No. 16 (harbor tug) Standard Oil Company No. 16 is a historic harbor tugboat located at Mariners Harbor, Staten Island, New York. She was built in 1907 by the Skinner Shipbuilding and Dry Dock Company of Baltimore, Maryland for the Standard Oil Company. She has heavy steel frames and deck beams. She is 100 feet in length, 23 feet in beam and 11.2 feet in depth.