Real estate, transit, oil — how early L.A. built fortunes and bred scoundrels

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Real estate, transit, oil — how early L.A. built fortunes and bred scoundrels
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Take L.A. oilman C.C. Julian, who oversold oil stock and left people destitute and dead. Or Simon Homburg, who flipped sheer mountain lots to unwitting out-of-towners.

, aviation, real estate and movies, this was the dirty one. The lads of the private, male Uplifters Club out in the Palisades sang lustily, “Yes it’s oil, oil, oil / That makes L.A. boil!”Back in 1892, Edward L. Doheny had taken a sharpened eucalyptus log and gone chonking into the soil of Echo Park, and struck oil.

A Canadian who had worked the oil fields in Texas, he borrowed money to buy four acres of land in Santa Fe Springs, struck oil, and decided to leverage his strike into a full-service oil producing and refining company, Julian Petroleum. Chaplin asked them to stop; there were ladies present. Julian “lurched toward me,” Chaplin stated, “striking at me while I was seated at the table.” Chaplin hit him back and Chaplin’s friends — including a Russian novelist who could bend a dime in half — made sure Julian stayed down. Julian swore he was in San Francisco at the time.

Julian, who flitted back into town to gin up public sentiment on his radio station, was not tried; the men who were, were acquitted. Motley Flint was shot to death in court in an unrelated case by an Inglewood real estate agent who fired three shots, threw the gun at Flint and yelled, “This fellow ruined me! He ruined me!”

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