Word: optionally
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...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. In Fall's advertisement for bids nothing had been said about including in the lease an option to renew if the successful bidder found his bargain profitable. Yet into Sinclair's five-year contract was inserted such an option, to renew for another five years...
Renewal. The discovery of all these facts was in progress last winter just before and at the moment that Secretary Work had to decide about letting 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...
...winter in which the Inquisitor had said: "I am unable to understand how the Government can escape the obligation to renew the contract. . . ." Dr. Work apparently ignored or failed to comprehend the whole import of what Senator Walsh had said. For Senator Walsh had qualified his view that the option was inescapable, by saying: ". . . except it [the U. S.] treats it [the lease] as void or voidable." Senator Walsh's opinion at that time was tentative. Further investigation of the Salt Creek affair was in store and Senator Walsh further said: "I have not been able to give...
...Treasury Leslie Mortier Shaw), experienced in the work of the Department by two years there (1906-08) as a junior attorney, further trained through holding offices as mayor, judge and state senator in South Dakota. In June 1927, when Sinclair served notice of his intention of exercising his option. Dr. Work asked Solicitor Patterson to study the Sinclair lease. Solicitor Patterson at that time took the view "that Fall rejected all the bids under the advertisement and negotiated a private sale not covered by the advertisement, as he had a right to do." To this view Solicitor Patterson stuck last...
...impossible to ascertain), Pennsylvania's President William Wallace Atterbury, while fanning Mr. Loree's fire with one hand, had his other hand on Mr. Loree's chestnuts. Whatever the opposing forces were, the Interstate Commerce Commission frowned against the Loree B. R. & P. purchase. He let his second (renewed) option lapse. The B. R. & P. was on the open market...