H. L. Carnahan

Herschel L. Carnahan (August 31, 1879 – March 31, 1941) was the 30th lieutenant governor of California, 1928–1931, serving under Governor C. C. Young.

Carnahan later studied law at a local law office, was admitted to the bar in 1904 at the age of the 25 and began practicing in Riverside, California.

Later relocating his law practice to Los Angeles, Carnahan was appointed the first commissioner of the State Corporation Department by Republican Governor Hiram Johnson in 1914. There, Carnahan enforced California's so-called blue sky law, passed in 1913 in an effort to protect small investors from promoters who pitched fraudulent investments promising everything, including the "blue sky" above. Carnahan served as commissioner until 1918.

In 1927, Carnahan was appointed a receiver in the bankruptcy of the Julian Petroleum Company. Nicknamed Julian Pete, the company collapsed after it was revealed to have overissued its stock, defrauding investors of more than $150 million. Carnahan continued to serve as receiver through his term as lieutenant governor and worked on the bankruptcy until the receivership was closed out in 1941.