 Point Arguello had, until 1967, an allowance of 12 enlisted personnel and accommodations for eight families.The history of Point Arguello has been one of shipwrecks, the area having been termed the "Graveyard of the Pacific;" probably the most famous tragedy was the wreck of the "Yankee Blade" on October 1, 1854.When the steamship hit the rocks offshore 415 people perished.