Word: lands
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Dates: during 1920-1929
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Theodore Roosevelt began Conservation in 1907 by withdrawing 16,000,000 acres of forest land from commercial exploitation. William Howard Taft in 1909 withdrew 7,000,000 acres of oil-bearing land. In 1920 Congress passed an oil-leasing act which upset the Roosevelt-Taft policy by permitting the Secretary of the Interior to allow oil prospecting, to grant oil leases. This act spawned the oil corruption of the Harding administration. Now, in the acreage it affects, the Hoover order far outdoes Roosevelt and Taft orders combined...
Businessmen wondered if the Hoover order would help the oil industry out of the depression it has sunk into through overproducing. Only one-tenth of U. S. oil production comes from government land. The Hoover order will cut this production in half, thus reducing the whole industry's supply by only 5%. But the moral effect of the move may be great...
...above ground. Some of his criticisms were: 1) the "wildcatter" whose enterprise developed the oil industry will be penalized; 2) the State of Montana would be "impoverished" by the loss of its one-third share of royalty oil revenue by the withdrawal of 20,000,000 acres of government land in that State alone from further exploitation. Senator Walsh beheld the "big interests" profiting by the Hoover order, and the small concerns operating on U.S. leases squeezed...
...Unemployment! Soon he jubilantly announced that "the first edition has sold out six times over!" In this palpable campaign broadside, shrewdly sold instead of given away, Mr. Lloyd George proposes to employ nearly 600,000 workers, "many within three months" on road building, house construction, telephone installation, "electrical developments," land drainage, reforestation, canal digging, and "in meeting the huge demand for British goods" which -the sixpence pamphlet confidently predicts-will result from "restoration of our trade relations with Russia...
...Detroit News led the evening newspapers of the land, followed by the Chicago News, then by the Newark (N. J.) News. The bulky New York Sun came eleventh...