Word: oilman
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Dates: during 1920-1929
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Lease. Besides the Teapot Dome oil reserve in Wyoming, whilom Secretary of the Interior Albert Bacon Fall leased to Oilman Harry Ford Sinclair a tract adjacent to Teapot Dome on the north, in the field known as Salt Creek. Some 42 miles north of Casper, Wyo., the Salt Creek field is bigger than Teapot Dome. Its 2,000 wells produce some 38,000 bbls. per day, about 19 times the output of the 63 wells in Teapot Dome...
Investigation. Last January, while investigating Teapot Dome, the Senate Committee on Public Lands discovered that just before and just after Dec. 20, 1922, the date of the Salt Creek lease, Oilman Sinclair gave or loaned Secretary Fall $35,000. The day the bids for the Salt Creek contract were supposed to close, Oilman Sinclair was on a train returning from a visit to the Fall ranch in New Mexico. It was nine hours after the legal time was up when Oilman Sinclair sent in his bid, by telegram from Pratt, Kan. Simultaneously, Fall wired Assistant Secretary of the Interior Edward...
...result was awaited attentively, not only by Senator Walsh, but by Senator Capper of Kansas. The latter, a faithful Republican, did not seek to embarrass the Administration, but there were potent oil men in Kansas who wanted to know what was what. Not the lease provocative feature of Oilman Sinclair's Salt Creek contract was that it was exceedingly bad business for the U. S. Prices had risen and Sinclair was getting high grade oil from the U. S. far below the market...
Action. The present Secretary of the Interior, Roy O. West, at once acted on Attorney General Sargent's advice and notified Oilman Sinclair's Crude Oil Purchasing Co.* to stop removing Salt Creek oil. To some 100 other lessors in the Salt Creek field, word was sent that the U. S. elected to take all its royalties in cash until further notice. The Department of Justice began preparing a new fraud suit against Oilman Sinclair. Secretary West cancelled all extension contracts for U. S. royalty oil, and ordered investigation of all oil leases made by Fall and still...
...Villains." The U. S. public speculated as to the relative "villainy" of the principals in the Salt Creek affair. To Oilman Sinclair's record, another black mark was added. It hardly showed against the background. Similarly with Albert Bacon Fall...