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.