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
James McDonald (businessman) Company of Kentucky and James McDonald went to England to aid in the organization and development of the Anglo-American Oil Company, now Esso UK, another subsidiary of the Standard Oil Company, through which its export business was conducted. McDonald was made Chairman of the Anglo American Oil Company and also became a director in various other companies throughout Europe. He was the representative of the parent organization in all of its dealings with the foreign companies and to him is due, in large measure, the remarkable organization which the Standard Oil company has built up. McDonald, although born under the