Word: sinclairism
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SECRETARY OF THE TREASURY ANDREW W. MELLON was attacked in the House because Harry F. Sinclair had claimed a deduction of $1,000,000 in his income tax return, on account of capital loss sustained in the sale of some stock "which had cost nothing...
...Senate passed a resolution, without a dissenting vote, stating that since the leases to Sinclair and Doheny "were execuled under circumstances indicating fraud and corruption," were executed "without authority," and were "in defiance of the settled policy of the Government," they were "against the public interest" and that therefore the President was authorized to order suits to be brought: 1) for cancellation of the leases; 2) for prosecution, civil and criminal, of such other actions and proceedings "as may be warranted." The President by the terms of the resolution would be further authorized to appoint special counsel for the prosecution...
...making of the leases? The evidence indicates as regards Naval Reserve No. 1 (Elk Hills, Calif.), Mr. Doheny lent Mr. Fall $100,000 about one year before the final contract with the Doheny interests was drawn (TIME, Feb. 4). As regards Naval Reserve No. 3 (Teapot Dome), Mr. Sinclair lent Mr. Fall $25,000 and employed him some two years after the Reserve was leased to Mr. Sinclair, and three or four months after Mr. Fall had left the Cabinet...
Harry Ford Sinclair is one of the largest oil operators in the world with wealth estimated in hundreds of millions. He was one of the chief backers of the now defunct Federal League, which tried to buck organized baseball. He owns the Rancocas racing stables, to which Zev, victor over Papyrus, belongs. Now he is in Europe "indefinitely...
...famous Zev is the namesake of Colonel J. W. Zevely, attorney for Sinclair...