Word: teapot
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...capacity of an Administration?or at least of three great departments of it?to discharge the high duties imposed upon it?yea, more, the peril of permitting a party to select men for such places. This Teapot Dome is a crucible in which a great political organization shall be tested, and it is found to be dross. That is the reason the elephant trembles from trunk to tail...
...bribery in the 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...
...leases in the best interests of the Government? Some authorities maintain that the oil should have been left in the ground. Others maintain that in the case of both Naval Reserve No. 1 and of Teapot Dome the oil was being drained from the Government Reserves by wells located on property nearby. If this was so, the course of wisdom was to lease the Reserves* and get the oil out as soon as possible. Experts contradict each other as to whether this drainage was taking place. Some plausibility is given to the theory of drainage by the fact that less...
...leases, the Government receives a royalty in oil of about 17%. About two-thirds of this royalty is turned over to the Doheny and Sinclair companies for other services which they render. Thus of about 26,000,000 barrels of oil now estimated to be in Reserve No. 3 (Teapot Dome), the Government will receive about 1,666,666 barrels. The oil companies drill the wells, refine the oil, transport it (in the case of Sinclair and Teapot Dome, to the Coast; in the case of Doheny and Reserve No. 1, to Hawaii) and build oil storage tanks which...
...Teapot Dome scandal has stirred the Hiram Johnson for President Club again...