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
Charles Miller (businessman) Charles Miller (businessman) Charles Miller (June 15, 1843 – December 21, 1927) was a Pennsylvania businessman, philanthropist and Major General of the Pennsylvania Army National Guard. He commanded the organization now known as the 28th Infantry Division and was a founder of the Galena-Signal Oil Company, which later became part of the Standard Oil combine, and then part of the corporations now known as Texaco and Valvoline. Charles Miller was born in Oberhoffen-sur-Moder, Alsace, France on June 15, 1843. His family immigrated to the United States in 1855, settling in Boston, New York. Miller began a business career by clerking