"Million Dollar Elm"

"Million Dollar Elm" (HM1JE4)

Location: Pawhuska, OK 74056 Osage County
Country: United States of America

N 36° 39.975', W 96° 20.418'

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Inscription
The Osage Tribe of Indians held the first public auction sale for oil leases on Osage Reservation tracts November 11, 1912. Early sales were held under this elm tree. Bidders sat on bleachers around the tree and the auctioneer, Colonel E. Walters, "cried" the sales.
The first sale in which a 160-acre tract brought a bonus of $1,000,000, or more was March 2, 1922. One tract brought $1,335,000 and another tract brought $1,160,000.
On March 18, 1924 the opening bid on a 160-acre tract was $1,000,000. However the largest bonus ever paid for a tract was $1,990,000 on March 19, 1924.
A total of 18, 160-acre tracts have leased for a bonus of over $1,000,000, thus this tree under which these high bids were made, became known as the "Million Dollar Elm."
Details
HM NumberHM1JE4
Tags
Placed ByHarry G. Benson and Family
Marker ConditionNo reports yet
Date Added Sunday, March 1st, 2015 at 9:01pm PST -08:00
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Locationbig map
UTM (WGS84 Datum)14S E 737704 N 4061145
Decimal Degrees36.66625000, -96.34030000
Degrees and Decimal MinutesN 36° 39.975', W 96° 20.418'
Degrees, Minutes and Seconds36° 39' 58.5" N, 96° 20' 25.08" W
Driving DirectionsGoogle Maps
Area Code(s)918
Which side of the road?Marker is on the right when traveling South
Closest Postal AddressAt or near 677-927 Grandview Ave, Pawhuska OK 74056, US
Alternative Maps Google Maps, MapQuest, Bing Maps, Yahoo Maps, MSR Maps, OpenCycleMap, MyTopo Maps, OpenStreetMap

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