Word: sinclairs
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Dates: during 1920-1929
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...square-jawed Thomas James Walsh, Arch-inquisitor of the Senate Committee on Public Lands, in the strange transactions of three oil companies remotely connected with the Oil Scandals. The ultimate object of reviewing these transactions is to expose the supposed source of the Liberty Bonds which Oilman Harry Ford Sinclair is known to have given Albert Bacon Fall, defamed Secretary of the Interior who leased Teapot Dome to Sinclair. But the immediate motive, when Inquistor Walsh renewed his inquiries last week, seemed compounded as much of professional pique as of public conscience...
...barrel. The same day, the Continental Co. sold the same oil for $1.75 per barrel to the Standard Oil Co. of Indiana, instantly netting some eight million dollars on paper.* The strange thing was that a third company, which guaranteed the Continental purchase, was jointly owned by Sinclair, who controlled Continental and the Standard Oil Co. of Indiana, which was buying from Continental...
...also knew that the oil would cost him $1.75 from the same source, for reasons beyond his control. Since oil was commanding $2 per barrel elsewhere at the moment, he felt he was serving his Indiana Standard stockholders well in helping to guarantee to Sinclair, as cunningly inevitable middleman, a profit which Indiana Standard could equal in turn. "It was a good buy," he said...
...inquisitors regretted it exceedingly, too. They had to ask Col. Stewart to take the stand again next day. Again he professed ignorance and unconcern as to how Sinclair and his associates* of the Continental Trading Co. "rigged the deal...
Apologies ensued. But still Col. Stewart would not remember whether he had heard how Sinclair paid Secretary Fall from Continental profits, as alleged. The Committee reported Col. Stewart's reluctance, technically known as "contempt," to the Senate...