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...Navy has three big oil reserves, one at Teapot Dome in Wyoming, two more in California, in Kern County and in the Buena Vista hills. The two California fields are checkerboarded with Standard Oil holdings. The resolution setting up the fourth big reserve provides that the Attorney General may take action against companies now operating in the tidelands. That, of course, will take time. Standard and its competitors last week continued to take out offshore oil. Frequently in the past year they have got as much as 15,000 barrels...

Author: /time Magazine | Title: Business: Troubled Waters | 5/30/1938 | See Source »

...departed ahead of him, actually did resign. Announced promptly was Mr. West's successor as Under Secretary of the Interior: his special assistant. Harry Slattery, who was also assistant to Woodrow Wilson's Secretary of the Interior Franklin Lane, later helped do the groundwork exposing the Teapot Dome scandal. Not announced at all was a new job for Mr. West...

Author: /time Magazine | Title: THE PRESIDENCY: The Roosevelt Week: May 23, 1938 | 5/23/1938 | See Source »

Last fortnight Chairman Arthur Ernest Morgan of the Tennessee Valley Authority startled Washington and the nation by demanding a full-fledged Congressional investigation of his colleagues, Harcourt Morgan and David Eli Lilienthal, in language that suggested that their great enterprise might be the Teapot Dome of the Roosevelt Administration (TIME, March 14). So last week the three TVA directors appeared in Washington for their long threatened showdown before Representatives, Senators, Capital correspondents and the President of the U. S. By week's end the TVA family row, like the Great Boyg which oppressed Ibsen's hero Peer Gynt...

Author: /time Magazine | Title: POWER: Great Boyg | 3/21/1938 | See Source »

...charges made by the majority against the chairman, Directors Morgan and Lilienthal also did all the talking, Chairman Morgan none. But highly documented though these were with magazine articles, letters, telegrams and interoffice memoranda which the President judicially accepted as "exhibits," they sounded less like the beginning of a Teapot Dome than like the charges in a divorce suit. Samples: that Chairman Morgan, in an Atlantic Monthly article on public power programs, had "impugned the integrity of the Tennessee Valley Authority," that he had consulted with a former private utility executive, onetime Vice President George Hamilton of Insull Middle West...

Author: /time Magazine | Title: POWER: Great Boyg | 3/21/1938 | See Source »

...joint House & Senate investigation as Mr. Morgan proposed. George Norris insisted that the investigation be kept out of Congress, referred to the Federal Trade Commission, but FTC members gave him scant encouragement. To the Senate's anti-Administration bloc, even the remotest prospect of uncovering a Roosevelt Teapot Dome was so exciting that Utah's Democratic King and New Hampshire's Republican Bridges hastened to introduce a resolution calling for a Senate committee investigation of TVA on 23 "charges." Among the 23: wasting public funds, suppression of audits, interference in neighboring labor disputes, coercion of rural customers...

Author: /time Magazine | Title: POWER: Morgan v. Morgan & Lilienthal | 3/14/1938 | See Source »

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