William Miller Graham
From Wikipedia, the free encyclopedia
William Miller Graham (December 14, 1860 – February 20, 1930) was an oil tycoon known as the "California Oil King".
Graham was born on December 14, 1860, in Cornplanter, Pennsylvania, where his father was an engineer at the oil wells. He had at least three sisters and four brothers.[1]
He was a graduate of the United States Military Academy at West Point.[2]
Career
Graham, who moved from Pennsylvania to Tulsa, Oklahoma, made his fortune in petroleum holdings in Carter County, Oklahoma. He later started California Oilfields Limited, took leases in the Coalinga Oil Fields, then sold the company to Royal Dutch-Shell in 1913.[3] He served as president of the Graham Oil and Gas company.[2][4] In 1910, he traveled to New York to close a deal "that contemplates supplying California oil for consumption by trans-Atlantic steamers."[5]
By the mid-1920s, Graham was having serious financial problems. His fortune, at one time well over $20,000,000, had shrunk to $150.[2] When he filed a voluntary bankruptcy in the District Court of Los Angeles in 1925, his debts were in excess of $1,643,000 against assets totaling $1,706.[6] His largest creditor was the Prairie Oil and Gas Company of Oklahoma, whom he owed $600,000.[2]
Society life
In 1903, Graham purchased more than 23 ocean-side acres in Santa Barbara from George Booth where Booth had built a simple Victorian home. The Grahams hired architect Francis W. Wilson who designed them a grand 25,000 square foot Italian villa featuring a 26-foot-wide veranda. The named the new house, Bellosguardo.[6] After their divorce, his wife sold Bellosguardo to Senator William A. Clark for $300,000. Following the 1925 Santa Barbara earthquake which badly damaged the home, Clark's widow rebuilt a new house which their daughter, Huguette Clark, owned until her death in 2011.
The Grahams became prominent in society throughout the United States and abroad, particularly in London.[7] They attended balls at the Savoy Hotel and were boxeholders at Convent Gardens.[8] In 1910, they rented a house in Grosvenor Square,[a] where she threw a party with Russian dancers Anna Pavlova and Mikhail Mordkin as the entertainment. Among the guests was Lady Paget, Lord Kintore, Priscilla, Lady Annesley; Lord and Lady Knaresborough, the Danish Minister, Lord Grimthorpe, Ogden Reid, and William Phillips of the American Embassy, Lady Ross, Mrs. Hope Vere, Mrs. Rudolph Spreckels and Francis Carolan of San Francisco, Sheldon Cosby, Mrs. de Grasse Fox, Moncure Robinson, Robin Grey, Creighton Webb, Lady Wilton, Mr. and Mrs. Harold Baring, Mr. and Mrs. Glasgow, and Mrs. Chauncey.[10]
He was also an ardent polo fan and was reported to have owned "quite a stable at one time."[2]
