Jabez Abel

By
Managing Real Estate Broker with Fathom Realty PB00068179

Jabez Abel was born in Delhi, New York back in 1830, after his birth the family moved to Ohio. He started working at a hardware store and after a few years he opened his own. His next adventure was into the cotton brokerage business in Cincinnati.

As a result of his business ventures he soon became a major shareholder and President of the New York and New England Railroad. As if that was not enough he also was a substantial shareholder in the Housatonic Railroad, and a member of the New York Cotton Exchange. A modest man and a devout member of the Baptist Church he donated much of his money to his church and educational institutions.

He died in a stable fire while trying to save his horses and carriages. What you may not know about Jabez Abel Bostwick is that he was a founding partner of Standard Oil. When his wife Helen C. Bostwick died in 1920 her estate had a value of $29,264,181.00. That included around 20 million dollars’ worth of Standard Oil stock.

Until tomorrow I wish for you a prosperous week and happy sales.

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NW Arkansas the home of WalMart, JB Hunt Trucking and Tyson Foods.

 

Come for a visit stay for a lifetime.  

 

URL http://www.sellnwa.com 

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Rainmaker
1,239,184
Donald Urschalitz
Lubeck Realty Group - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

Got this one since I grew up in Ohio and from the town where Marathon Oil is headquartered.

Aug 16, 2017 04:15 AM #1
Rainmaker
3,449,710
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning James. Jabez was one industrious individual. Enjoy your day!

Aug 16, 2017 04:28 AM #2
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, James Dray  I know someone who has oil stocks purchased by her grandparents who worked for the oil company.... her profits buy more stock every month.... 

Aug 16, 2017 04:41 AM #3
Rainmaker
3,885,190
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning James Dray ,

Thank you for this wonderful history lesson..Helen Bostwick died a very rich woman!!

Aug 16, 2017 04:45 AM #4
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning James.  That is quite the sizable inheritance that he passed on to his family.

Aug 16, 2017 04:48 AM #5
Ambassador
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I think factoring in inflation that would make them billionaires today.

Aug 16, 2017 04:49 AM #6
Rainmaker
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Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

I could smell the oil riches from the first sentence....wonder if all the heirs have frittered it or invested it...hmmm

Aug 16, 2017 05:02 AM #7
Rainmaker
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Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Good morning James,

Some old stocks would be worth owning even today.

Make yourself an astonishing day.

Aug 16, 2017 05:48 AM #8
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning James - owning oil stocks in those days was the stock to have.

Aug 16, 2017 06:24 AM #9
Rainmaker
3,318,414
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello James,  Wow, what a person ahead of his time to be involve with all those company and than Standard Oil.  Thanks for the story.

 

Aug 16, 2017 06:52 AM #10
Rainmaker
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Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning again James. What a story and such a good man. Great read.

Aug 16, 2017 07:31 AM #11
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good morning James.  Thank you for sharing with us some of the history of Standard Oil.  A

Aug 16, 2017 07:44 AM #12
Rainmaker
2,751,714
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

He has a very interesting name and there is definitely big money in the oil industry.

Aug 16, 2017 08:52 AM #13
Rainmaker
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Where do you find all these interesting people, with interesting names, James Dray ?

Aug 16, 2017 10:48 AM #14
Ambassador
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington - Tacoma, WA
South Puget Sound Washington Agent/Broker!

The oil industry made several people millions of dollars and can you imagine what 29 million dollars would be worth in today's dollars James Dray. BILLIONS! 

Aug 16, 2017 11:03 AM #15
Rainmaker
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Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi James, 

Info I would never have known if you hadn't told us.  Thank you!

Aug 16, 2017 02:34 PM #16
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi James- did not know his name but certainly know of Standard Oil. 

Aug 17, 2017 03:10 PM #17
Rainer
103,105
Rebecca Lewis
ODAT Realty Services, Inc - Grayson, GA

I didn't know the back story on Standard Oil either. Thanks for another interesting tidbit of history.

Aug 24, 2017 08:27 AM #18
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