1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
quester [9]
2 years ago
7

What is a stock and what is a bond?

History
2 answers:
Anon25 [30]2 years ago
7 0
Stockan ownership share or shares of ownership in a corporation
AVprozaik [17]2 years ago
3 0
The stock mean good and merchant with business.
The bond mean thing that tie something together
You might be interested in
How did the banking industry prove to be a profitable connection for Frank Phillips?
OLEGan [10]

Answer:

Career

The bank's president, John Gibson, had considered Phillips an up-and-coming entrepreneur for some time. Shortly after Phillips married Jane Gibson, her father asked Phillips to join him in the bond business. Phillips began selling bonds in the New England states and the Chicago area.[4] .

During a stop in St. Louis en route back to Creston from Chicago in 1903, Phillips encountered C. B. Larabee, an old friend from Iowa. He was serving as a Methodist missionary to the Osage Indians west of Bartlesville in Indian Territory. The area, which is now Osage County, Oklahoma, was rich in oil, and what proved to be a decades-long boom was just getting underway. Later that year, after Phillips and Gibson made two trips to Bartlesville, Phillips and his younger brother L. E. Phillips organized the Anchor Oil & Gas Company with Gibson's assistance.[4]

Anchor opened an office in Bartlesville in 1905, secured a driller and drilled its first wildcat well, the Holland No. 1. The men struck oil on June 23, 1905. The brothers' second and third wells were dry holes, and they had barely enough money left to drill a fourth well, the Anna Anderson Number One.[3] The Anna Anderson, completed September 6, 1905, was a gusher, and the successful well enabled the brothers to raise $100,000 through the sale of stock. The Anna Anderson was the first of 80 consecutive producing wells drilled for the brothers' company.[5]

Also in 1905, Frank and L. E. Phillips formed the Lewcinda Oil Company, with brother Waite. Waite, who preferred to work independently, soon left Lewcinda and formed his own bank and oil company, the Independent Oil & Gas Co. in Tulsa. (In 1930 he merged it with Phillips Petroleum.)

In late 1905, Frank and L.E. formed a bank, Citizens Bank and Trust, in Bartlesville with $50,000 capital. They also acquired a rival bank, the Bartlesville National Bank, and consolidating the two under the latter name. The bank later became the First National Bank of Bartlesville.[4] Phillips still wanted to be a big-time banker. In 1916, he and L.E. decided that the boom-bust instability of the oil business was not for them. They made plans to open a bank in Kansas City that would be the cornerstone of a chain of banks throughout the Midwest. Before those plans could be carried out, the U.S. became involved in World War I.

With the price of oil quickly increasing from 40 cents a barrel to more than $1 a barrel, the brothers decided to consolidate their holdings in a single company, Phillips Petroleum Company. They incorporated on June 13, 1917 under Delaware law. The new company had assets of $3 million, 27 employees and leases throughout Oklahoma and Kansas.[6]

Phillips once said to employees, to whom he was known as "Uncle Frank": "Work hard and demonstrate loyalty, and I'm a great guy to work for. Do neither, and there is no one worse."[7] On another occasion, he said, "I am egotistical. I exercise the 'privilege and prestige of the office.' I'm bombastic, hard to get along with, an easy touch, a farm boy at heart, and conveniently hard of hearing. I'm just a sentimental old man. I'm tough. and I know it. I'm the boss, and don't let anybody try to question it."[8]

Frank Phillips led the company as its president until age 65, when in 1939 he named Kenneth S. "Boots" Adams to succeed him. The company had reported record profits of $24.1 million the previous year. As Phillips turned over the presidency to Adams, he became the company's first chairman of the board, a position he held until he retired at the age of 76 in 1949, a year before his death. Jane Phillips, his wife of 50 years, died in 1948. He died while on a vacation in Atlantic City, New Jersey on August 23, 1950. He was buried beside his wife in the Phillips Family Mausoleum at Woolaroc, Phillips' ranch and country home in Osage County, Oklahoma, southwest of Bartlesville.[3]

Legacy and honors

In 1944, Phillips had given 3,700-acre (15 km2) acres of the 17,000-acre (69 km2) ranch to the Frank Phillips Foundation and sold the remainder.[9]

Frank Phillips College, a community junior college in Borger, Texas, was named after him.[10]

Frank Phillips was inducted into the Oklahoma Hall of Fame in 1930.[11]

In 2008 the former home of Frank and Jane Phillips was added to Oklahoma's National Register of Historic Places[12]

Explanation:

7 0
3 years ago
Why did the founding fathers choose to adopt a constitution?
lions [1.4K]
The reasons why Founding Fathers choose to adopt a Constitution are: First, To give states rights within a nation. Second,To give individual right within their states. Next is to outline the powers of a new federal government. Lastly, the powers of the existing federal government.
4 0
2 years ago
What are the 3 main sources of <br> controversy?
aivan3 [116]
Involving what? What are you asking for?
8 0
3 years ago
Read 2 more answers
Why did the British parliament pass the proclamation of 1763?
WITCHER [35]

The British government did not want American colonists crossing the Appalachian Mountains and creating any type of problems with the French and Native. so they issued the Royal Proclamation of 1763, which declared the boundaries of the thirteen colonies as the Appalachian Mountains.


3 0
2 years ago
Read 2 more answers
When Rosa Parks was arrested on
notsponge [240]

Answer:

the answer is a there was a 381 day bus boycott

Explanation:

3 0
2 years ago
Read 2 more answers
Other questions:
  • How did Roman education influence Western civilization? The Romans were the first to send all children to school. The Romans ado
    10·2 answers
  • 3. Why did people begin to worry<br> that Communism was seeping into<br> the US?
    9·1 answer
  • Why has the Huang He (Yellow River) been called China's Sorrow?
    12·1 answer
  • Which Hollywood philanthropists donated over twenty-five percent of their collective pay to relief efforts in New Orleans in 200
    12·2 answers
  • Which of these is a difference between state and federal laws?
    5·1 answer
  • In what ways did magna carta support the rise of representative government in england
    5·2 answers
  • Who wrote Common Sense? A. Benjamin Banneker B. Benjamin Franklin C. Thomas Jefferson D. Thomas Paine
    11·2 answers
  • Which BEST describes the social and political philosophy of the Underground Railroad “conductor” Harriet Tubman?
    13·2 answers
  • What type of shelter did Stephen F Austin want?
    9·1 answer
  • What international incidents did President Clinton NOT send American soldiers overseas to deal with?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!