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New Monte Cristo Mining Co. CC Julian Sig (91041)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:75.00 USD Estimated At:150.00 - 200.00 USD
New Monte Cristo Mining Co. CC Julian Sig  (91041)
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100 shares of New Monte Cristo Mining Co cert. # 15251 dated Feb 3, 1921 issued to Mrs. Julius Farrell. Inc. NV. Based in Reno, NV. Blue border and company seal. Vignette of the company's logo, hand signed by C.C. Julian, pres., H.B. Flasher, secy. Julian was a swindler from LA which led to the largest financial fiasco in Southern California history. Julian was main character of the book "The Great Los Angeles Swindle." Joined forces with a Texan named S.C. Lewis incorporating company to create an oil refining company, The Julian Petroleum Company (known as "Julian Pete"). Lewis soon took control of Julian Pete. Put in play strategies such as hiring one FBI accountant investigating the company. Things were heating up at Leadfield, but commission put a stop to Julian selling his mining company's stock. That occurred as company hit the ore it was looking for, but it was low-grade. Company did not get a chance to search for higher grade ore. C.C. Julian later pulled off some scams in Arizona and Oklahoma with the C.C. Julian Oil & Royalties Company before he fled to Shanghai where he committed suicide in 1933. Scandal changed the state's banking industry, influenced state law and helped alter the political face of LA and Southern California by reinforcing the powers of the regulators. SF's Bank of America also won in this battle, for the scandal broke several banks in the southland (some of which were ultimately acquired by B of A) and changed the laws that had kept the northern bank to a very limited business in the LA region. Printed: Jeffries Lithograph Co. Los Angeles U.S.A. Prag collection.

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State: Nevada