Orange, TX, United States
Leonard Frederick Benckenstein. A millionaire by his early thirties, Leonard Frederick Benckenstein made his first fortune in Detroit, where he was involved in the insurance, stock, and bond business. His friendship with prominent East Texas lumberman John Henry Kirby led him to Beaumont, where he w
as visiting when the Lucas gusher came in in 1904. Benckenstein came out of retirement to begin investing in the great speculation that followed the oil discovery. While initially successful, he event
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