Word: natrona
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...think about Oil instead of drawing to a straight flush. Sinclair and another big oilman, Edward L. Doheny from the Pacific Coast, an old friend of Fall's, were anxious for some leases on the naval oil reserves at Elk Hills, Calif., and the Teapot Dome in Natrona County, Wyo. To accommodate them, Secretary Fall and Edwin Denby, Secretary of the Navy, prepared an executive order, transferring these reserves from the Navy to the Department of the Interior. President Harding was badly worried, but he signed the orders. Then Fall signed the leases. "Well, I guess there...
First there was an oil lease. Then there was suspicion. Investigations followed suspicion. Suits, civil and criminal, followed investigation. Out of the civil suits came proven illegalities and the U. S. got back its "Teapot Dome" oil reserve in Natrona...
...interest to society than the outcome of the criminal suits still pending. The necklace in the case was an oil reserve worth 100 millions and the owner was society. The decision restored to the U. S. Navy the tract of 9,321 oil-bearing acres called "Teapot Dome" in Natrona County, Wyo., which onetime (1921-23) U. S. Secretary of the Interior Albert B. Fall leased in 1922 to Oilman Harry F. Sinclair & associates to develop and operate on a royalty basis for gas and oil "as long as produced in paying quantities...