Court exhibit titled "Conclusions," related to a C. C. Julian court case, 1926-1928

Item Overview

Title

Court exhibit titled "Conclusions," related to a C. C. Julian court case, 1926-1928

Date Created

[between 1926-1928]

Publisher

Los Angeles Times

Language

English

Collection

Los Angeles Times Photographic Collection

Notes

Description

Another court document for a C. C. Julian case has a caption identifying it as an exhibit in a case in Judge Doran's court (image ark no. 21198/zz002cv8xp). Proceedings against C. C. Julian in Judge Doran's court are reported in the Los Angeles Times from 1926 through 1928.
C. C. Julian was a con man who first hit oil in California in 1923 and over-sold shares in oil syndicates through the 1920'a into the 1930's. His business activities were repeatedly investigated. He committed suicide in Shanghai in 1934.

Caption

Text from negative sleeve: Julian, C.C.
Conclusions. I have found nothing, from my examination, to warrant the belief that a profitable producing mine will be developed by the company on its present holdings. Geologic conditions, structural formations and ore occurrence are decidedly against it. The present so-called market price of the stock gives the property a valuation of about $4,000,000. A speculative mining enterprise should earn at least 20% per anum, amounting in this case to about $65,000 per month. I am confident that the actual ore in sight, with its reasonable extension, will not - being more than liberal in my estimate - exceed 200 tons. Mr. Julian has stated in his newspaper advertisements that he obtained assays running from $30 to $90 per ton. Taking his highest figure and deducting therefrom his estimated cost of $8 for mining, milling, etc., leaves $82 per ton or a net value of $16,400. I think further comment is superfluous.

Physical Description

Extent

1 photograph

Medium

b&w nitrate negative

Keywords

Genre

news photographs
cellulose nitrate film
typescripts

Names

Julian, C. C. (Courtney Chauncey), 1885-1934

Resource type

still image