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The Washington times. [volume] (Washington [D.C.]) 1902-1939, February 13, 1924, Image 3

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'OIL SCANDAL INVOLVES BILLION DOLLARS, SAYS SENATOR WALSH
GINGLiIB'S
FIGURES
LOW
V Statistics Show Estimates of
7. Profits Expected Are Far
- From Exact, j
’<♦ I.
By JOHN T. LAMBERT,
Cosmopolitan News Service.
Teapot Dome is a billion dollar
scandal.
That estimate has been placed
upon the stupendous value of its
'■• oil worth by Senator Thomas J.
Walsh of Montana.
The same deduction of value
‘J may be drawn from the labyrinth
t of official figures and estimates
jrs. already submitted to the probe
•it committee. Those figures show
* that Messrs. Doheny, Fall, Sin
clair, et al., were playing with
~ a deal that makes the ancient
conception of the “ransom of an
empire” look ridiculously low.
Some of those interesting figures
are here told to show the magni
tude of the venture.
77,791 Acres in Reserves.
The three oil reserves contain 77,-
m acres of land. ' Reserve No. !•
Is in Elk Hills, Cal., and contains
.88,969 acres. That is the reserve
which Secretary Fall leased to
i. Reserve No. 2 Is in the Buena
Vista Hills of California. It has
29,341 acres. That reserve was cut
up into a number of leases, and the
largest tract went in complete own
*er ship to the Southern Pacific rail
road after Attorney General A.
Mitchell Palmer refused to bring
suit for Uncle Sam to keep the
property The Honolulu OU Com
pany also got an enormous tract of
it when Secretary Fall granted to it
a “claim” which Secretary John
.'Barton Payne had held to be value
less.
* Reserve No. 8 is the famous Tea
pot Dome. It is situated in Teapot
Dome, Wyo., and while containing
a relatively small 9,841 acres, Sin
clair has estimated that he will
clean up $100,000,000 'on it, or as
much as Doheny says he will get
from the 38,000 acres.
Hardly anyone here takes any
Stock in the public estimates made
by Sinclair and Doheny. It is felt
they both will realize a much
▼aster sum.
Basis for Doheny Figures.
When Doheny was on the witness
Stand, Senator Denroot asked him
how he based his estimate of SIOO,-
000,000 profit. Doheny replied:
“I am basing it on the fact that
we ought to get about 250,000,000
barrels of oil from it, and that wt
ought to make approximately a dol
lar a barrel profit out of the whole
thing.”
Lenroot: “That would be $250.-
•00,000.”
Doheny: “I mean half of the sell
ing price ought to be profit. I am
basing that estimate on our experi
ence in Mexico. We produced there
somewhere in the neighborhood of
400,000,000 barrels of oil, and our
profits have always been approxi
mately one-half the selling price.”
Assistant'Director Ambrose, of the
Bureau of Mines, estimated that
185,000,000 barrels of oil will be pro
duced from Teapot Dome. Up to
last September, 922,000 barrels had
been taken out of there and the
Government had received 150,000
8 “A SWEET REMEMBRANCE 8
8 FOR YOUR VALENTINE” 8
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Valentine Sweets
f Red Satin Heart*
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Filled With Or .
soc Candle* Red Paper Heart*
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Qctoctoctcto OCXOCXXOCTQ
SLAIN LAWSON GIRL IN'“WAY DOWN EAST 1 *
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K, S 2 111 jpv3l k1 ran Ivi
UM MMESy I x f M
Ixniise Lawson, the slain “but
terfly” from Texas, whose death
In her New York apartment has
added another mystery to police
annals, was picked sometime ago
for a part in “Way Down East,”
a motion picture which called fbr
three “vamps.” They had to use
their wiles on Lowell Sherman,
the star, and Louise Lawson acted
as one of them.
barrels of royalty oil, estimated to
be worth $243,000. About one-fourth
the oil produced goes to the Govern
ment as a “royalty,” under the
terms of the leases. That does not
figure in the Doheny or Sinclair
profits.
It is estimated there are 175,000,-
000 barrels of oil in Reserve No. 2,
exclusive of the Southern Pacific
tract, in which Mr. Palmer Is esti
mated to have yielded up $100,000,-
000 worth of oil without a fight.
Those estimates total in excess
of 660,000,000 barrels of oil. Any
person who reads can write his
own figures on Mr. Doheny's esti
mates and make even a billion do'
'ars look like a piker in this entin
deal.
Doheny said his organization will
be taking oil out of the Naval
reserves at least thirty years frofn
now, “after I have gone.”
Sinclair said he will spend *t
least $50,000,000 on equipment and
materials necessary to get out the
oil. Doheny said he had already
spent $22,000,000 and that he ulti
mately will have 3,200 wells spout
ing, the drilling cost alone of which
will be $100,000,000.
None of those sums is said to
include the $1,000,000 paid by Sin
clair to the Standard Oil Company,
the $1,000,000 paid to the Bonfils
crowd, or the $1,000,000 said to
have been paid by Doheny to
another group, all the payments
being made to persons, firms, or
corporations for some sort of
claims made on the oil properties
which Doheny and Sinclair are now
using.
It has been said to justify the
leases that oil was leaking out to
adjacent reserves. In one reserve,
where there are believed to be a
potential 26,000,000 barrels, it was
estimated there would be a leak
age of 4,000,000 barrels. The gov
ernment is to get 1,660,000 barrels
of "royalty” oil for permitting the
leases to take out the remainder
there. Senator Walsh replied it
would be much better for the coun
try to have 22,000,000 barrels in
the ground than a mere fn
tanks.
THE WASHINGTON TIMES
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INTERNATIONAL NEWS REEL
The layout of the apartment at 22 West Seventy-seventh street, New loric, where Louise Lawson,
Broadway “butterfly,” was mysteriously slain. Next door to the slain girl’s apartment on the fifth
floor is that of Peggy Tompkins, a friend, who heard two intruders, posing as expressmen, talking to
Miss Lawson just before her death.
TIX OFFICIALS
SOON TO VISIT
COUNTY
Internal Revenue Deputies to
Help Prince Georges Fill
Out Returns.
HYATTSVILLE, Md., Feb. 13.
To assist taxpayers in filing income
tax returns, Galen L. Tait, collector
of internal revenue for the District
of Maryland, announces that deputy
collectors will be in Prince Georges
county as follows: Upper Marlboro,
February 25-27; Hyattsville, Febru
ary 28-March 1; Laurel, March 3-5.
Tomorrow night a special reor
ganization meeting of the Hyatts
ville volunteer fire department is to
be held in the Municipal building.
These guarantors are supporting
the annual Swarthmore Chautauqua
o be held February 29 and March 1,
2 and 3, in the armory of Company
F, Hyattsville unit of the Maryland
National Guard: J. A. Crawford,
Miss Flora E. Davis, H. H. Moler,
T. Ray Stanton, A. B. Graham,
Louis Dashiell, B. M. McQuin, C. H.
Cannon, Mrs. James Severe, M. H.
B. Hoffman, Frank M. Stephen, W.
'l. Ballard, S. W. Crosthwa.it, War
ren W. Cole, R. K. Morris, Maury
Brown Mrs. H. M. Sturgis, A. C.
Moon, George N. Bowen, C. W.
Reeley, O. G. Dudrow, William D
Campbell, Robert H. Kerr, W. Pierre
Denger and Mrs. Judith A. Shaw, all
>f Hyattsville; H. W. Gilbertson, De
atur Heights; Ira K. Gruver, Brook
'and, D. C-: Carl H. Frey, Beltsville;
H. C. Weeks, C. A. Magoon, Z. H.
Meredith and W. A. Cookman, River
dale, and C. P. Close. College Park.
Mr. Crawford is president of the
guarantors' organization with Mr.
Dashiell. secretary, and Mr. Kerr,
treasurer.
A. B. Graham is chairman of the
publicity committee, others on this
ommittee being Messrs. Denger,
Gilbertson, Stanton. Brown, Mc-
Quin, Magoon. Moon and Frey.
Perhaps the most notable fea
•ure of the Chautauqua will be a
lecture, “How America Can Help
‘he World,” by George Henry Brad
ford, well-known educator. This is
scheduled for the evening of March
I. As concluding features of the
fternoon programs on February
29 and March 2 junior chautau
quas will be held. A children’s
'mtertainment will be given the
afternoon of March 3 by Frederick
C. Trappe. A suitable program will
'»e arranged for Sunday, March 1,
’etails of which will be announced
ter.
FIOWKR VAI.KXTnrgK.
i ar t iie or sweetheart. Make rare
they <oma from Gude, 1313 F.—Advu
t V
* Th» National Daffy
CLUBWOMEN OF
MONTGOMERY
MEET
Democratic Organization Picks
Candidate for Demo
cratic Committee.
ROCKVILLE, Md., Feb. 13.—The
Women’s Democratic Club of Mont
gomery county, has decided to put
forward one of their number —Mrs.
Jesse W. Nicholson, of Chevy Chase
—for Democratic national commit -
woman from J aryland to succeed
Mrs. Briscoe, of Hagerstown.
At a meeting of the executive
board of the country club, held yes
terday at the home of Mrs. E.
Brooke Lee and attended by rep
resentatives from the numerous
branches of the organization, it was
unanimously voted to back Mrs.
Nicholson at the meeting of the
Democratic club women of Mary
land, in Baltimore, March 21. At
this meeting the organization of a
State fderation of women's Dem
ocratic clubs will be completed and
women candidates for membership on
the national committee and for del
egates to the Democratic national
convention will be named.
Robert A. Coe, sixty-three, travel
ing salesman for many years and
well known throughout the county,
died Sunday evening in a Washing
ton hospital. He had been ill only
a few days, death being due to
acute indigestion and other troubles.
Surviving him are his wife and sev
eral children. The funeral will
take place this afternoon from
Pumphrey’s chapel, Rockville, burial
to be in Rockville Union Cemetery.
Mr. Coe was a native of Virginia,
i resident of Rocokville for a num
ber of years, but for the last fifteen
rears had made his home at Ken
sington.
Deputy Game Warden Clyde Har
ris of this county, has received
from E. L. LeCompte, State game
’’’"Men. four hundred Missouri rab-
Professional
Models Wanted
Tall, slender girls,
who have had exper
ience in style ex
hibits. Apply to Miss
Fickl in g, second
floor, The Hecht Co.,
7th at F St
bits for liberation In this county
for propagating purposes. They are
being sent In small numbers to sec
tions of the county where cotton
tails are scarce and good results
are looked for. About as many
more will be furnished this county
in the near future.
Several days ago, Frank J. Brod
erick, of Baltimore, visited Rock
ville and obtained a license to
marry Miss Freida M. Allison, also
of the monumental city. Yesterday
a friend of the young man dropped
in on the license clerk and returned
the license unused, his only com
ment being that "it will not be
needed.”
A license has been issued by the
clerk of the circuit court here for
the marriage of Everett E. Thom
son and Miss Jeannette Thomas,
both of Washington.
Would Issue Bonds.
The Chicago Great Western Rail
road today asked the Interstate
Commerce Commission for author
ity to issue >2,000,000 of first mort
gage bonds.
Special Pasteurized Milk 1
/ Rated higher than any other pasteurized milk by /
I District Health Department. • • f
I Certified Milk i
I Rated higher than any other raw milk by District f •
1 Health Department. *
1116 - A-.it, fhoofc FxanklinAoOO
I
WEDNESDAY, FEBRUARY 13, 1924.
COOLIDGE BACK,
. PLEASEDWITH
RESULTS
General Opinion of Leaders Is,
However, Denby Will Have
to Quit His Post.
By GEORGE R. HOLMES.
* International News Service.
President Coolidge returned to the
White House today highly pleased
with the results of his New York
trip—his Initial venture into the
field of political speech-making away
from the capital.
Especially gratifying to the Presi
dent and to his political advisers
was the manner in which the an
nouncement of the Administration’s
position m the Teapot Dome s andal
was received. No part of his speech
was more applauded, nor heard with
greater evidences of approval, than
that part in which he said:
“It is my duty to extend to every
Individual the constitutional right
to the presumption of innocence
until proven guilty • • * I
want no hue and cry, no mingling
of innocent and guilty in unthink
ing condemnation, no confusion of
mere questions of law with ques
tions of fraud and corruption • • *
There will be Immediate, adequate,
unshrinking prosecution, criminal
and civil, to punish the guilty and
protect the national interest."
Reference to Denby.
The sharp distinction drawn by
the President between "mere ques
tions of law” and “questions of
fraud and corruption” was in
terpreted as a direct reference to
the case of Secretary of the Navy
Denby.
The President takes the position
that while Secretary Denby may
have exceeded his authority under
the law in transferring the naval
oil lands to the Interior Depart
ment, there has been no evidence
of anything corrupt, and he served
plain notice he does not intend to
permit his naval chief to be pilloried
without Judicial procedure.
While pressure for Secretary
Denby’s immediate resignation has
been considerably lessened in the
face of the President's firm stand,
it is nevertheless believed by Ad
ministration leaders and Mr. Cool
idge's advisers that it is only a
question of time before the naval
secretary will be compelled to re
tire—not because of wrong doing,
but because once the Government
goes into court to recover the oil
lands, Denby’s position becomes un
tenable.
Right, Hte Contention.
Secretary Dem>y contends he had
the right to transfer these lands
under the law; he contends the con
tracts are beneficial to the Gov
ernment, and finally he publicly
stated a week ago that if he were
doing it all agaiq he would follow
precisely the same course he dia
follow.
The special counsel appointed by
the President will represent the
administration and in a sense will
represent President Coolidge per
sonally. Secretary Denby also rep
resents the administration, and the
President’s official family.
This would become an intolerable
situation, it was pointed out by ad
ministration leaders today. Lawyers
for Sinclair and Doheny might well
ask whether the special counsel or
the Cabinet member represented the
Government.
But there will be no haste about
Secretary Denby's retirement. He
will remain in the Cabinet until
every vestige of the “hue and cry”
referred to by the President had
disappeared. Then, it is expected,
he will quietly retire, his record
clear, and convicted of noth’ng more
than a difference with his chief on
a question of policy.
SENATE HEARING LISTED
ON CHRISTIAN'S NEW JOB
It was announced today that the
Senate Interstate Commerce Com
mfttce would open hearings on Sat
urday on the nomination of George
B Christian, Jr., secretary to the
late President Harding, as a mem
ber of the Federal Trade Commis
sion.
Christian is opposed by farm or
ganizations and the “progressive”
group in the Senate.
Salient Sentences in
Coolidge’s Address
President Coolidge, in his speech last night before the National
Republican Club in New York, discussed the principal political
issues as follows:
OIL SCANDALS.
At the revelation of greed making Its subtle approaches to
public officers, of the prostitution of high place to private profit,
we are filled with scorn and indignation.
There will be IMMEDIATE, ADEQUATE, UNSHRINKING
PROSECUTION, CRIMINAL and CIVIL, to punish the guilty
and to protect every national interest. There will be NO politics,
NO partisanship.
I cannot shield anyone because he is a Republican; I cannot on
that account (because I am a Republican) prosecute anyone
because he is a Democrat.
NATIONAL TAXATION.
I stand on the simple proposition that the country is entitled
to all the relief from the burden of taxation it is possible to give.
The proposed measure (the Mellon tax bill) gives such relief.
Other measures brought forward do not meet this requirement.
It (the Garner or Democratic plan) is an indirect attempt to
defeat a good measure with a bad measure.
I am for it (the Mellon hill) because it is economically, socially
and morally sound.
The war cost of more than $40,000,000,000 is already nearly
half paid. .
AGRICULTURE.
It has only partially revived. The returns for the year are
nearly 30 per cent in excess of two years ago.
The successful part of the country should be willing to sacrifice
for the /unsuccessful part; I do not mean by that any unsound
device like price fixing, which I oppose because it would not be
successful.
THE BUDGET SYSTEM.
Under the watchful care of the budget system every department
is constantly striving to eliminate all waste and discard every
unnecessary expense.
INTERNATIONAL DEBTS.
Every reasonable effort has been made to obtain liquidation of
our national debts. The funding of the British debt demonstrated
the determination of a great empire faithfully to discharge its
obligations. It showed that the moral standards of the world were
going to be maintained.
THE SOLDIERS* BONUS.
It is of the utmost importance that, to keep business good and
prevent depression, we reduce our debt and keep our expenditures
us low as possible. These are the economic reasons why the grant
ing of a bonus would jeopardize the welfare of the whole country.
MEXICO.
Obregon has established a government which is stable and
effective and disposed to observe international obligations.
To refuse (to let Obregon purchase arms and ammunition in
the United States) would have appeared to be equivalent to de
ciding that a friendly government, which we had recognized, ought
not to be permitted to protect itself. The supremacy of the
Obregon government now appears to be hopeful.
INTERNATIONAL POLICY.
Our government does not want war anywhere. It wants peace
everywhere. The United States stands ready to join with the
other powers, whenever there appears to be reasonable prospect
of agreement, in a further limitation of competitive armaments.
U. D. C. CHAPTER PRAISES
LIFE WORK OF WILSON
The United Daughters of the
Confederacy last night, at a meet
ing of the District of Columbia Divi
sion, adopted resolutions of respect
to the late President Woodrow Wil
ton in which they praised the serv
ices of "the late President to man
kind in his efforts to bring about
closer and friendlier relations among
the nations of the world.”
A committee composed of Mrs.
Lucy Rooe Boggs, chairman; Mrs.
Harriett Bennett, and Mrs. Maude
Howell Smith \drafted the resolu
tions. Mrs. Albion D. Tuck pre
sided.
PROBATION REVOKED*
MUST SERVE 30 DAYS
Put on probation in October for
intoxication and said to have been
arrested once since, when he gave
a fictitious name, Floyd J. Inscoe
pleaded guilty when arraigned be
fore Judge John P. McMahon, in
the District of Columbia branch of
Police Court today.
His previous record caused the
probation to be revoked, carrying
with it a straight jail sentence of
thirty days, and he was sentenced
to pay a fine of sls or serve an ad
ditional fifteen days in jail.
OwryMe AVENUE < NINTH*
350 Pairs Men’s
Odd Trousers
Save a suit—match
up that odd coat and
vest. Don’t let them
be idle for want of a
pair of good trousers
made of fine fabrics.
Another lot of 300,
pairs of Men’s Odd
Trousers. Special
after-inventory price—
s K-85
The Avenue at Ninth
KNOWN STORE*
3

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