From 1920 to 1926, Amos L. Beaty was the president of Texaco. In 1926 he was elected vice-president of the American Petroleum Institute; in 1931 he was elected president of the organization. It is possible that this image was taken in Mr. Beaty's hotel room while in Los Angeles for an American Petroleum Institute convention or meeting in 1932.
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.
From 1920 to 1926, Amos L. Beaty was the president of Texaco. In 1926 he was elected vice-president of the American Petroleum Institute; in 1931 he was elected president of the organization. It is possible that this image was taken in Mr. Beaty's hotel room while in Los Angeles for an American Petroleum Institute convention or meeting in 1932.