The Mellette County pioneer. [volume] (Wood, Mellette County, S.D.) 19??-1971, 1920-11-05
YANKEES MAKE BIG DEAL
WITH RUSSIAN SOViETS
Syndicate Has Secured Rights to 400
600 Square Miles Of Valuable Oil
and Bitumlnous Coal Lands.

New York.-A cable message re-
ceived at the Russian soviet govern.
ment bureau here confirmed the re-
port that Washington ID. Vanderlip,
OF California, representing a syndi-
cate OF Pacific coast capitalists, had
concluded an arrangement with the
Russian soviet government for the de-
velopment Of the natural %esource OF
northeastern Siberia. The message,
signed by George Tchitcherin, com
NISSAN for foreign affairs at Moscow,
was addressed to Ludwig c. A. *.
Martens representative Of the soviet
government in America.
The message follows: "On October
% there was announced the consum-
nation OF the deal proposed by the
Vanderlip syndicate, comprising Van
derlip, Barnt, Harry Chandler, Sar-
toria lie Phillips, Fishburn, Edward l..
Doheny, GibbOp, Jayne, Whittier,
Stewart and Braun, all Pacific coast
capitalists. The syndicate acquires u
siXty-year lease OF territory asst OF
the Tooth meridian, including Kan
chatka, an area OF 100 1000 spare miles,
with exclusive rights to exploit coal,
oil and fisheries. Vast oil strata and
bituminous coal deposits have been
discovered in this territory. The syn
dictate expects to take possession and
commence operations in the spring OF
1921. The same syndicate Is also ac-
curing a lease, with the right to pur-
chase, of the Seattle water front prop
erty purchased by the cars govern
ment. Negotiations are proceeding
successfully whereby this syndicate
will become our fiscal agents in Amer
lea, financing purchases up 10 $780,
600, 900; all purchases to be made
through your office"
Proposal Of Recognition?
NEUTRALITY-SUSPICIOUS. Colby an
nounced that Commissioner Young, at
Riga, had informed the state depart
ment that Washington Vanderlip, who
recently obtained concessions in ST.
IBERIA. was reported to have told NikOli
Lenine. Russiap bolsheviki premier,
that he represented Senator Harding,
the republican presidential candidate.
The commissioners dispatch. dated
October 20, said Lenine had informed
H. G.. Wells, a British writer, that
Mr.. Vanderlip had made certain pro-
posals to the soviet government at
Moscow looking to the recognition
of the bolsheviki government by the
United States.
Dispatches from London said that
Vanderlip had concluded an extensive
arrangement with the Russian soviet
authorities by which an organization
Of western American financiers &C
quired q sixty-~ear lease on a vast
tract in northern Siberia, opposite
| Alaska, with exclusive rights to de
velop coal, oil and fisheries.
Commissioner Youpg's dispatch
| stated that Mr.. Vanderlip also was
negotiating for concessions about
| Kamchatka, Siberia.
Earlier in the day state department
officials, on the basis OF the London
| dispatches, said that since the United
| States had not recognized the Dol
| sheviki. no contract entered into by
it's officers would be regarded by this
government as binding. 1t was point
ed out the departments announced
attitude toward concessions granted
by the bolsheviki authorities was first
signed on April 26, 1919, in a warn
ing to American business men and
repeated on July q, 1920.