Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1922-09-28
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CONGRESSMAN CRISP, in his address before the Third
District convention here last week the that
favor of investigation of the Teapot Dome" oil
field deal
This d subject for m of those who listen
ing Congressman Crisp but happens, appearances nd
that he discussing of the direct and colossal
steals Of public leases that has been witnessed this
country. a~-.
Investigation of the secret deal by which private inter
acquired leases this oil field the last of the oil
reserved for the United States Navy promises bling light
sensational facts 1t promised that such nvesga-
ton will be undertaken by the congress However the
Congress has number Of unfinished Investigations left
from the present regime, and it will do we'll to
report them
In the let look at the known facts in this
Teapot Dome deal where by clandene methods part of the
public domain passed private hands without
the peuncory advertisement for d competitive bid.
= Senator Kendrick of Wyoming has contributed largely to
the expose of Secretary of the Interior Falls part this
which Republican newspaper has called a scandal of
the first magnitude Senator kendrick and other Democrats
Of the Senate with the help of western Progressive Re
pubicahs expected second and support Senator
LaFoletes attack on the deal.
In speech Senator kendrick showed that the
leases executed by Secretary Fall following inquiries
from of Senators regarding the intentions of
the Department of the Interior with these oil lands
The Mammoth Oil Company chartered under laws Of Delaware
by Harry F. Sinclair and Others generally regarded another
for the Standard Oil Company.
1t expected that the investigation when will
question whether the lease Of these naval oil
was made while Harry F. Sinclair guest Secretary Falls
ranch Three Rivers New Mexico time when the
negotiations between the Mammoth Oil Company and the head
Of the Interior Department progress.
independent oil interests which complaining against
what they aege unfair competitions especially the Nam
moth Oil Co.. acquired control of the Teapot Dome deposits
are pressing for an investigation Kendrc shown
plInCpr
the terms of very much lower than those paid by
independent concerns in adjacent fields.
In his latest speech this deal Senator Kendrick said
There s every believe that the government
threw away from 600 900 to $200Q0000 in leasing
the Wyoming naval the did Five cent
of this a royalty the state, provided by bill
would have amounted least several hundred thousand
dollars to the school children of Wyoming"
MEASURED in dollars American exports Europe
than twice big before the though there has
been considerable falling off compared with year
From the first of the year Aug t. sent Europe about
$637000000 worth of goods than she shipped This
when comes balancing the books leaves hsu'a'vely
n The hole at a rate of $1,000, 100000 year.
Which doing fairly we'll helping Europe back its
feet considering what she already OF
of tbs trade debt balanced in gold but only fraction Of it
A great mystery, where the financing funds from.
The complaint from Europe be because don't give
stuff away instead of selling it credit
How about trade with South America, which used
hear much about? Well, it's growing.
For the first seven months of 1922 exports South
American countries totaled around 81 q 600
However. in the months we bought from South
America sos coo, 600 more than sold her
SO trade in that direction growngthe wrong way.
Our trade with Asiatic commissioning Japan, India
lis also running twice big as before the war
In the first months this year exports Asia
totaed $27 600 600 But Asia shipped 900 600
more than shipped her.
We sell Europe than she sells We sell Asia and
South America less than they sell Logically the
houd be reversed, for it's only by importing than
port that we hope back what We have loaned
Europe