2021-02 Raynors HCA Live
This lot is closed for bidding. Bidding ended on 2/6/2021
Black and white photograph of Governor Marland at the 101 Ranch with pencil inscription on verso "Marland 2nd from left 101 Ranch city named after Gov. Marland was Bliss then Marland, then Ponca City. With 3-1/2"x5" snap shot photograph affixed to verso with inscription "Entrance to 101 Wild West show." Very good condition. Ernest Whitworth Marland (1874-1901) He first founded the 101 Ranch Oil Company. Marland was successful in reestablishing his fortune and, by 1920, it was estimated at $85,000,000 (roughly $910,000,000 in modern dollars). That year he founded the Marland Oil Company in Ponca City (it was incorporated in Delaware on October 8, 1920) and served as its president. In 1928, the Marland Oil Company was taken over in a hostile bid process by J. P. Morgan, Jr. and was merged with Continental Oil and Transportation Company (CONOCO). Marland's oil empire was destroyed and he was pushed out of the company. He lost all of his wealth for the second time. He and William Skelly were instrumental in the founding of the Kansas-Oklahoma division of the United States Oil and Gas Association, then known as "Mid-Continent Oil and Gas Association".
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