The Connecticut labor news., 1924-11-08
Helen Maria's" Broth CTS Shared in Juicy Profits Planned at Secret COnfab.
By International Labor News Service.

By International Labor News Service. Washington, D. C., Nov. 8.-What
 does Charles c. Dawes, Republican
 about $2,000,O00 oil profit of which Albert B. Fall, of Teapot Dome fame, is alleged to have received $o0,000? What does Charles c. Dawes know about a secret conference in the Van
 derbi1t Hotel, New York City, in No
 vember, 1921, at which subsidiary of
 the Dawes Pure Oil Company got juicy contract of more than 33,O00,000 barrels of oil?
 What does Charles c. Dawes know
 of the jackpot" deal at this secret hotel meeting?
 Investigation by International La bor News Service points strongly to the Pure Oil Co, known as Dawes company, as one of the sharers i'll the $2OO0000 profit or jackpot, along
 with Fall, former secretary of the in terior, charged by the government with having conspired with Harry F, Sinclair, oil man, to hand over to pr1-' vate oil companies naval oil reserves belonging to the nation. Moreover the evidence suggests that Charles c. Dawes (.He1en Maria'0 was mem Der of the Ohio gang" of malodorous
 memory and indicates that he may , know more than he would like to tell about Teapot Dome and the oil scan dals that shook the country's cont- dence in the Harding Coolidge admin istration.
 Af6davits Give Details of Deal. The charge that Fall got S90,000 from the $2,OO0,O00 jackpot" Is made l by Atlee Pomerene and Owen J. Rob- erts, special counsel representing the
 government in the prosecution ot the
 cases involving Fall and others. In
 recent afidavits field at Toronto the
 government prosecutors set forth in
 detail the transactions by which the
 $2 100000 jackpot" came into being.
 Briefly, the Government prosecutors charge that the $2000000 profit was made by the Continental Trading Com pany, Ltd, of Canada, in sales of oil purchased from Col. A. E. Humphreys, owner of the Mexia oil field III Texas. The oil, the affidavits charge, was sold to the Sinclair Crude Oil Purchasing Corporation and the Prairie Oil and Gas Company referred to in the afa- davits as Sinclair cCrude and Prairie The Continental Company was apparently dummy concern
 and had nothing to do with the actual
 sale and delivery of the oil. All 1t had to do was to collect the profits and later divide the "swag' among vari-
 ous persons.
 Evidently the Continental Company Ihad no responsibility in the transac-
 ton, beyond negotiating it, as the oil purchased from Humphreys was ship ped to the purchasers, who guaranteed the carrying out of the two contracts
 made by the Continental Company
 The contracts were negotiated at
 strictly private" conference of oil men in the Vanderbilt Hotel, New
  York
 Profits Set at Over $2,OO0, ,0O0.
 The government, afidavits set forth
 that under the terms of the contracts Continental had no matter or thing to perform or do" all of it's agree
 ments being backed by the purchasers, Sinclair Crude and Prairie The prof l its came from the purchase of 33,- 333 ,333 barrels of oil from Humphreys.
 The contract called for price of $1.50
 barrel The oil was to be sold at an advance of not less than 25 cents
 barrel The difference between the
 purchased price and the sale price was
 to be not less than $8, ,333, ,33333. | The afidavits assert that from Janu-
 ary 1, 1922, until May 26 1923, more
 than 8,700,000 barrels of crude oil were
 delivered direct to Sinclair Crude and
 Prairie and that the profit of Contin-
 enta1 was in excess of $2,000,000 "on
 the mere technical purchase and re-
 sale of the oil"
 The profits, 1t is alleged, were in vested in first 3H per cent Liberty Bonds of the United States. These