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...control of the naval oil reserve to the Department of the Interior; 2) because it was executed without authority of law; 3) because it was made without advertisement or competitive bidding; 4) because Albert B. Fall and Harry F. Sinclair "did combine, conspire and confederate" to defraud the Govern-ment in making it; 5) because Edwin Denby, the then Secretary of the Navy, "exercised no discretion," but signed the lease as a matter of form. The Court granted the temporary injunction. Joseph Strauss (Rear Admiral) and Albert E. Wates (Vice President of the Sinclair Consolidated Oil Companies) were appointed receivers...

Author: /time Magazine | Title: OIL: Action | 3/24/1924 | See Source »

Conservative opinion outside of France is not satisfied with this easy method of blaming it on the Germans, holds that Poincare's policy was primarily responsible. With an unbalanced French budget, an intransigent attitude towards a reparations settle-ment and a general distrust of the implications of French foreign policy, ample reason existed for distrust, leading to a general fall of exchange rates and a stampede similar to the American free silver scare of 1895, to the gambling in 1919 on Russian rubles, in 1922 on the German mark, in 1923 on the sterling exchange under Baldwin...

Author: /time Magazine | Title: Foreign News: Battle of the Franc | 3/24/1924 | See Source »

There are times when so vague and negative an announcement is news, and this is one of them, for the relations of the Vatican to Mussolini's Govern-ment have been secret and increasingly friendly, and Mussolini's friends have endeavored to capitalize the fact into a fait accompli which would end the 50-year-old scandal of Rome...

Author: /time Magazine | Title: Foreign News: We Protest! | 3/24/1924 | See Source »

Between 50,000 and 100,000 claims (totaling $100,000,000) are being prepared against the Mexican govern-ment by American citizens and corporations. Virtually every petroleum company operating in Mexico, every copper, gold and silver mining company, individuals (including ranch owners), business interests, and relatives of persons injured and killed in the course of the last decade of revolution, spoilation and expropriation, are filling in the appropriate blanks distributed by the U. S. State Department. Thus Mexico will soon face a $100,000,000 bill...

Author: /time Magazine | Title: Foreign News: Mexican Damage | 3/24/1924 | See Source »

...forget that British Govern-ment contract. It's all true. Murphy's libel suit is a four-flushing bluff. He knows it's all true. Remember that when you go to the polls...

Author: /time Magazine | Title: AERONAUTICS: Swat the Publisher | 2/25/1924 | See Source »

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