Word: loan
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Dates: during 1920-1929
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...Circumstances. Briefly, Edward L. Doheny made a "loan" of $100,000 to Secretary of Interior Albert B. Fall in November, 1921. Between April and December of the following year, Mr. Fall, acting on behalf of the Navy Department, granted to two of Mr. Doheny's companies leases to exploit on a royalty basis Naval Oil Reserve No. 1 (at Elk Hills, California), and contracts whereby the Doheny companies were to construct oil-storage tanks at the naval base at Pearl Harbor, Hawaii, which were to be paid for by the Government...
...Contentions. The Government declared that the $100,000 "loan" was a bribe, that Secretary Fall had fraudulently induced President Harding to give him authority to make the leases and contracts, that Fall and Doheny had conspired to defraud the Government. It demanded 1) cancellation of the leases and contracts, 2) repayment for all oil taken by the Doheny companies, or received by them for constructing oil tanks at Hawaii...
...defense declared that the $100,000 loan was bona fide and did not bear on the case, that there was legal authority to make the leases and contracts, that the transactions were undertaken in good faith, were legal, were in the interest of the Government. It demanded that the leases and contracts be declared legal and binding...
Lawrence Coolidge '27, Librarian of the Phillips Brooks House Association announced yesterday the list of collectors who have been appointed for the Text Book Loan Library drive...
...purpose of the Text Book Loan Library is to supply the many books necessary for college courses at an expense of only 5 cents to those students who are unable to afford the price of new books...