Word: sinclairism
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About the same time Mr. Fall received $10,000 for expense money on a trip to Russia with Mr. Sinclair on oil business...
June or July, 1923, by Mr. Sinclair's direction $25,000 in Liberty bonds was sent to Mr. Fall, who later gave a note for the amount to Colonel J. W. Zevely, Mr. Sinclair's personal attorney...
...lease matter by the terms of the Teapot Dome lease, some Senators charging that the return to the Government was inadequate. The Government gets a royalty of about 17% on the oil extracted. The oil is refined, delivered to seaboard and placed in tanks built by the Sinclair interests, but belonging to the Navy. For these services the Government yields about two-thirds of its royalty oil to the oil company, so that assuming that there are about 26,000,000 barrels of oil in Teapot Dome, the Government will receive about 1,666,000 barrels and some oil storage...
...investigation developed that about the time of the oil leases, Mr. Fall had suddenly acquired considerable sums of money. Mr. Fall testified, not under oath, that he had borrowed '$100,000 from Edward B. McLean, Washington newspaper publisher, and that he had never received from Doheny or Sinclair "'one cent on account of any oil lease or upon any account whatsoever." Then Mr. McLean told that he had given Secretary Fall $100,000 in checks, which in a few days had been returned uncashed. This was followed immediately by Archibald Roosevelt's resignation from one of the Sinclair Oil Companies...
Last week Mr. Doheny came forward and told (see above) that he had lent $100,000 to Mr. Fall, and Colonel Zevely told of the later loan of $25,000 in bonds from Sinclair...