Los Angeles County
Biographies
WILLIAM FRANKLIN YOUNG
YOUNG, WILLIAM FRANKLIN, Real Estate and Oil Lands, Los Angeles, California,
was born at Alden, Iowa, March 27, 1867, the son of Duane Young
and Mary Ann (Chadwick) Young. He
married Alma Marie Pebbles, February 5, 1896, at Clear Lake, Iowa. There are three children, Ruth Estelle,
Blanche Alma and William F. Young, Jr.
He attended
school at Alden, Iowa, until he graduated from the high
school. He then entered Iowa State
College at Ames, Iowa.
He finished his book schooling in the year 1883.
He became a
merchant at Clarion, Iowa, and successfully conducted stores until the year
1900, when he sold out and went to Oklahoma City, then, with its rapid growth,
appearing offer unusual opportunities.
He went
into the real estate, oil, farm loan and general banking business. He helped organized the Security National
Bank of Oklahoma City
in 1906 and acted as its vice president.
He remained with the bank two years, during which time it became firmly
established.
Mr. Young
organized the Young-Carpenter Investment Company, in the year 1905, and became
its president. The firm advanced
considerable sums on farm loans. He
operated the company until 1909, retaining the presidency even after his
removal to Los Angeles
in 1907. He had money invested in the
extensive oil fields of Oklahoma
and was a director and officer in a number of the best known companies
operating in those fields. He was at all
times interested in the upbuilding of the city wherein he had located, and
established a reputation for honesty and business ability to such a degree that
he was appointed to the Oklahoma City office of Receiver of Public Moneys for
the United States Government in 1902. He
held the office until the work was completed, in 1905, and the office
discontinued.
Immediately
on his arrival in Los Angeles,
in 1907, he organized the Young Investment Company, of which he is the
president and principal stockholder. The
company does a general investment business in the State of California,
particularly in Los Angeles, and it is at
present engaged in the construction of a splendid reinforced concrete fireproof
apartment house at the corner of Seventeenth
street and Grand avenue in Los Angeles.
He is also
having built a five-story block in Oklahoma
City.
He took
part in the formation of the Wellman Oil Company, a successful operating
company of California. He was the first vice president and
treasurer. The concern owns wells in
several of the oil districts of California.
In 1908 he
became interested in lands, and participated in the organization of the
California City Land Company with headquarters in Los Angeles.
These lands are largely located in the San Joaquin Valley,
that great interior section of the State which at the present time is being developed
so rapidly, and at one time the holdings of the company comprised an area of
fifteen thousand acres.
Except for
the position which he held as Receiver of Public Moneys in Oklahoma City, Mr. Young has taken little
part in public life. He has never sought
office, nor has he taken an active interest in political affairs. He is, however, vitally interested in the
upbuilding of the great country in which he has made his home and is engaged in
development work in various parts of California.
He is a member of the California Club
and the San Gabriel Valley Country Club.
He belongs to the Benevolent and Protective Order of Elks and the A. F.
& A. M. of Los Angeles.
Transcribed
By: Michele Y. Larsen on 28 November 2011.
Source: Press
Reference Library, Western Edition Notables of the West, Vol. I, Page 861,
International News Service, New York, Chicago, San Francisco, Los Angeles,
Boston, Atlanta. 1913.
© 2011 Michele
Y. Larsen.
GOLDEN NUGGET'S LOS ANGELES
BIOGRAPIES
GOLDEN NUGGET INDEX