Domingo Amestoy —born Dominique— (1822–1892) was a
Basque
Basque may refer to:
* Basques, an ethnic group of Spain and France
* Basque language, their language
Places
* Basque Country (greater region), the homeland of the Basque people with parts in both Spain and France
* Basque Country (autonomous co ...
sheepherder, and banker, one of the original founders to provide the financing for the Farmers and Merchants Bank in
Los Angeles, California
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...
, in 1871.
Life
Born in the
Basque
Basque may refer to:
* Basques, an ethnic group of Spain and France
* Basque language, their language
Places
* Basque Country (greater region), the homeland of the Basque people with parts in both Spain and France
* Basque Country (autonomous co ...
, France, Domingo Amestoy came to California by way of
Argentina
Argentina (), officially the Argentine Republic ( es, link=no, República Argentina), is a country in the southern half of South America. Argentina covers an area of , making it the second-largest country in South America after Brazil, th ...
in 1851. Amestoy started a modest sheep business and within a few years he parlayed it into a fortune. He was one of the largest wool producers in Southern California during the 1860s. In 1871, he bought $500,000 worth of shares in the newly established Farmers and Merchants Bank in Los Angeles. In 1874 he went back to France and married. In 1875 Amestoy moved his family to of the "Rosecrans Rancho" in what is now Gardena. By 1880, he had over 30,000 head of sheep, most of which were fine-wooled Spanish
merino
The Merino is a breed or group of breeds of domestic sheep, characterised by very fine soft wool. It was established in Spain near the end of the Middle Ages, and was for several centuries kept as a strict Spanish monopoly; exports of the bree ...
s.
In 1889 he acquired all of
Rancho Los Encinos
Rancho Los Encinos (also Rancho El Encino and Rancho Encino) was a Spanish grazing concession, and later Mexican Ranchos of California, land granted cattle and sheep rancho and travelers way-station on the El Camino Real (California), El Camino R ...
in the
San Fernando Valley
The San Fernando Valley, known locally as the Valley, is an urbanized valley in Los Angeles County, California. Located to the north of the Los Angeles Basin, it contains a large portion of the City of Los Angeles, as well as unincorporated ar ...
. After Domingo Amestoy died on January 11, 1892, his sons, John and Peter Amestoy, assumed ranch operations and changed the name to Amestoy ranch. Like other ranches in the
San Fernando Valley
The San Fernando Valley, known locally as the Valley, is an urbanized valley in Los Angeles County, California. Located to the north of the Los Angeles Basin, it contains a large portion of the City of Los Angeles, as well as unincorporated ar ...
at the time, the Amestoys cultivated wheat and barley. The Amestoy family held title to rancho for fifty-five years. In 1915, subdivision of the rancho began later developing into the communities of
Sherman Oaks
Sherman Oaks is a neighborhood in the city of Los Angeles, California located in the San Fernando Valley, founded in 1927. The neighborhood includes a portion of the Santa Monica Mountains, which gives Sherman Oaks a lower population density than ...
and Encino. The Amestoys held on to , which included the old
adobe
Adobe ( ; ) is a building material made from earth and organic materials. is Spanish for ''mudbrick''. In some English-speaking regions of Spanish heritage, such as the Southwestern United States, the term is used to refer to any kind of e ...
until selling the property in 1944.
Legacy
Amestoy Elementary School in
Gardena, California
Gardena is a city located in the South Bay (Los Angeles County), South Bay region of Los Angeles County, California, Los Angeles County, California, United States. The population was 58,829 at the 2010 census, up from 57,746 at the 2000 census. ...
was named in his honor. Amestoy Avenue in the San Fernando Valley was named in his honor. Amestoy Avenue runs approximately North-South through the neighborhoods of Encino, Reseda, Northridge, and Granada Hills from
Ventura Boulevard
Ventura Boulevard is one of the primary east–west thoroughfares in the San Fernando Valley region of the City of Los Angeles, California. Ventura Boulevard is one of the oldest routes in the San Fernando Valley as it was originally a part o ...