Editing Standard Oil (section)

===Standard Oil Trust===
In response to state laws that had the result of limiting the scale of companies, Rockefeller and his associates developed innovative ways of organizing to effectively manage their fast-growing enterprise. On January 2, 1882,<ref name="Exep5" /> they combined their disparate companies, spread across dozens of states, under a single group of trustees. By a secret agreement, the existing 37 stockholders conveyed their shares "in trust" to nine trustees:<ref name="N6uX2" /> John and William Rockefeller, [[Oliver Hazard Payne|Oliver H. Payne]], [[Charles Pratt]], [[Henry Flagler]], [[John Dustin Archbold|John D. Archbold]], William G. Warden, [[Jabez A. Bostwick|Jabez Bostwick]], and [[Benjamin Brewster (financier)|Benjamin Brewster]].<ref name="qeb6w" />

"Whereas some state legislatures imposed special taxes on out-of-state corporations doing business in their states, other legislatures forbade corporations in their state from holding the stock of companies based elsewhere. (Legislators established such restrictions in the hope that they would force successful companies to incorporate—and thus pay taxes—in their state.)"
<ref>{{cite book |last = Armentano |first = Dominick |title = Antitrust and Monopoly: Anatomy of a Policy Failure |location = Oakland, CA |publisher = The Independent Institute |date = 1999 |pages = 64–65 }}</ref><ref>{{cite magazine |last1 = Daniels |first1 = Eric |title = Antitrust with a Vengeance: The Obama Administration's Anti-Business Cudgel |magazine = The Objective Standard |volume = 14 |issue = 4 |pages = 84–85 |publisher = Glen Allen Press |date = Winter 2009 |url = https://theobjectivestandard.com/2009/11/obama-antitrust/#_edn2 }}</ref>
Standard Oil's organizational concept proved so successful that other giant enterprises adopted this "trust" form.

By 1882, Rockefeller's top aide was [[John Dustin Archbold]], whom he left in control after disengaging from business to concentrate on philanthropy after 1896. Other notable principals of the company include Henry Flagler, developer of the [[Florida East Coast Railway]] and resort cities, and [[Henry H. Rogers]], who built the [[Virginian Railway]].

In 1885, Standard Oil of Ohio moved its headquarters from [[Cleveland]]  to its permanent headquarters at [[26 Broadway]] in [[New York City]]. Concurrently, the trustees of Standard Oil of Ohio chartered the Standard Oil Co. of New Jersey (SOCNJ) to take advantage of New Jersey's more lenient corporate stock ownership laws.