Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1922-05-06
COOLIDGE POINTS With PRIDE."
Prepared by Richard Mnthioum.

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Washington, May 2--The conser-
walton OF natural resources which
was hobby of Theodore Roosevelt
and a policy of President 'Roosevelt's
administration is in danger Of being
completely oyerthrown, to judge by
the violent assaults that are being
made upon it in connection with
oil and coal lands.
What promises to be a great ma
tional scandal is the alleged turning
over OF the huge Teapot Dome oil
fields in Wyoming to private inter
ests. This is one of the fields held
in reserve for the navy to keep adj
equate reserves of fuel oil for its oil
burning ships. The naval oil ne
serves were recently taken over from
the navy department by the inter
Tor department under an executive
order by President Harding. The
deal for the Teapot Dome district
is with the Sinclair oil interests,
subsidiary of the Standard oil, and
the latter company is said to be pre-
pairing to build pipelines to carry the
oil to its refneries in the middle west.
The Sinclair oil stock has been more
or less dormant for a year. Just
prior to the time of the alleged
closing of the deal with the interior
department the market value of the
stock increased more than 100000
600 in three days as result OF
huge transactions on the New York
stock exchange, indicating that there
was an inside tip on the alleged
deal.
If it had not been for the vigilance
of Senator John B. Kendrick, who
so ably represents Wyoming in the
United States senate, this deal which
was made in secret and evidently
without any competitive bids might
not now be known to the public.
Senator Kendrick introduced a reso-
luton calling upon the secretary OF
the interior for information concern
ing this oil negotiation, and in speak
ing upon this resolution he pointed
out the immence value of this great
naval oil reserve, and also that ii was
of greater benefit to the nation to
allow this oil to remain stored under
ground than to remove it across the
country to be stored in surface tanks
as was proposed.
Secretary Fall of the interior de-
partment has been a consistent OPP
ponent of national conservation. He
is not the only member of the adj
ministration who has been identified
with representatives of Standard oil.
Attorney General Daugherty was a
lieutenant of the late Senator For
aker in Ohio and Loraker was known
as the Standard oils representative
at Washington. President Harding
was also affiliated with the Foraker
faction in Ohio in those days.
Recently when the Independent
oil people of Texas and Oklahoma
were clamoring for tariff on oil,
the president of the Standard oil
company of New Jersey called at
the White House while the Fordney
bill was pending in the house, and
oil is still on the free list.
One reason alleged for the sudden
change of sentiment among republi-
can senators who had previously OPP
posed the ratification of the treaty
with Columbia, when it was rati-
fed in the early part of President
Harding's administration, was that
Standard oil was interested in the
acquisition and development of Col
umbian oil Bearing territory.
The partnership between oil and
the republican party dates back to the
early days when the Standard oil
company was the ally of the corrupt
republican machine in Pennsylvania.
With the revelations concerning the
Teapot Dome district and the an
ticipated raid on government coal
lands in Alaska there is every reason
to assume continued alliance be-
tween oil and the G. o. P. Friends
Of natural conservation are naturally
alarmed and are already limiting that
conservation may be one of the
prominent issues in the coming cam
naipn