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Word: salts (lookup in dictionary) (lookup stats)
Dates: during 1920-1929
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President Coolidge was annoyed, very. Through the medium of the arch-Democratic and exceedingly militant New York World he learned that all was not well with another of the Government's oil leases with ill-famed Oilman Harry Ford Sinclair & colleagues. It was a lease on the Salt Creek field in Wyoming, adjacent to memorable Teapot Dome. It was a lease made by President Harding's Secretary Albert Bacon Fall and renewed by President Coolidge's whilom Secretary Dr. Hubert Work. It was a lease which Senator Walsh of Montana, famed oil inquisitor, had suspected and asked...

Author: /time Magazine | Title: THE PRESIDENCY: Nettle | 10/29/1928 | See Source »

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...

Author: /time Magazine | Title: National Affairs: Villains? Goat? | 10/29/1928 | See Source »

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...

Author: /time Magazine | Title: National Affairs: Villains? Goat? | 10/29/1928 | See Source »

Renewal. The discovery of all these facts was in progress last winter just before and at the moment that Secretary Work had to decide about letting Sinclair exercise his Salt Creek option. Besides the Senate's investigation, the trial of Sinclair for criminal conspiracy was then fresh in Washington's mind. Sinclair's was an extraordinary name indeed, but Dr. Work took no extraordinary precautions. He simply asked the Solicitor of the Interior Department if he thought Sinclair's option was valid. Solicitor Ernest Odell Patterson said he thought...

Author: /time Magazine | Title: National Affairs: Villains? Goat? | 10/29/1928 | See Source »

...whole import of what Senator Walsh had said. For Senator Walsh had qualified his view that the option was inescapable, by saying: ". . . except it [the U. S.] treats it [the lease] as void or voidable." Senator Walsh's opinion at that time was tentative. Further investigation of the Salt Creek affair was in store and Senator Walsh further said: "I have not been able to give the subject the study that it ought to have in order to arrive at a conclusion such as would be reached by a good lawyer...

Author: /time Magazine | Title: National Affairs: Villains? Goat? | 10/29/1928 | See Source »

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