Word: interior
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...People are tired of hearing of these oil leases."-Dr. Hubert Work, onetime (1923-28) Secretary of the Interior, now Chairman of the Republican National Committee...
Lease. Besides the Teapot Dome oil reserve in Wyoming, whilom Secretary of the Interior Albert Bacon Fall leased to Oilman Harry Ford Sinclair a tract adjacent to Teapot Dome on the north, in the field known as Salt Creek. Some 42 miles north of Casper, Wyo., the Salt Creek field is bigger than Teapot Dome. Its 2,000 wells produce some 38,000 bbls. per day, about 19 times the output of the 63 wells in Teapot Dome...
...supposed to close, Oilman Sinclair was on a train returning from a visit to the Fall ranch in New Mexico. It was nine hours after the legal time was up when Oilman Sinclair sent in his bid, by telegram from Pratt, Kan. Simultaneously, Fall wired Assistant Secretary of the Interior Edward Clingan Finney not to be too formal about the bids. The belated Sinclair bid was accordingly admitted. When Fall returned to Washington he threw out twelve other bids and awarded the contract to Sinclair. It was a contract to extract oil from U. S. property on a royalty basis...
...Sinclair exercise his Salt Creek option. Besides the Senate's investigation, the trial of Sinclair for criminal conspiracy was then fresh in Washington's mind. Sinclair's was an extraordinary name indeed, but Dr. Work took no extraordinary precautions. He simply asked the Solicitor of the Interior Department if he thought Sinclair's option was valid. Solicitor Ernest Odell Patterson said he thought...
Action. The present Secretary of the Interior, Roy O. West, at once acted on Attorney General Sargent's advice and notified Oilman Sinclair's Crude Oil Purchasing Co.* to stop removing Salt Creek oil. To some 100 other lessors in the Salt Creek field, word was sent that the U. S. elected to take all its royalties in cash until further notice. The Department of Justice began preparing a new fraud suit against Oilman Sinclair. Secretary West cancelled all extension contracts for U. S. royalty oil, and ordered investigation of all oil leases made by Fall and still...