The Washington times., 1924-02-18
STANDARD OIL IS
INVOLVED IN
LEASING
Owns Big interest in Three
Sinclair Companies,
Record Shows.
CONTINUED from First Page

Continued from First Page.)
Section 16. as yet undeveloped, is
held by biologists to promise equal
possibilities.
\ On this account alone, then, the
Standard Oil Company must be
credited with having secured a
juicy cut of the pie in this reserve.
The additional fact that the Stand
ard OIL Company, by reason of the
location of it's refineries, is assured
Of the major portion of the profits
to be made in refining the crude
oil from the Doheny leases, makes
Its shares of this feast really
generous one.
Subjects For Inquiry.
But the Senate Public Land Com.
mittee is likely to go further, and
ask If Standard Oil acquired any
interest in Mr.. Doheny's Pan-Amerl-
can Company, organized. to exploit
these leases, as it did in Mr. Sin
clair's Mammoth Oil Company, or.
ganized for the exploitation of Tea.
pot Dome. The records of stock
ownership in the Doheny Company
have not yet been made available
to ordinary research.
The committee may inquire also
as to whether the Standard Oil
Company acquired Mr.. Doheny's
immensely valuable sixty-two and
one.half acre claim, with it's seven
wells already producing in 1921
in Section SO, through his quit
claim to the Government. Until
the transcript of Mr.. Falls decision
is discovered. the fact as to this
transaction is not accessible for
the record.
Another Section SO.
There remains Naval Petroleum
Reserve No. 2, covering 3O,O8O acres
of the Midway and Buena Vista
fields in California, 2,720 acres OF
which, scattered through the
southeast portion, was leased by
Secretary Fall to the Honolulu Oil
Company, as has been detailed ex
clusively in The Washington
Times.
The Standard Oil Company holds
under state patent Sections SO and
49, lucky numbers apparently, in
r. S1S., r. 23E., the former in the
center and the latter in the north.
west portion Of Reserve No. 2 and
cornering on Reserve No. 1.
II the drainage from Sections Sc
in Reserve No. and 16 on its
border is sufficiently threatening
to have warranted the leasing of
that entire reserve, and as TO this
danger there appears to be more
agreement among biologists than
in the case Of Teapot Dome, 1t Is
held that practically the same
danger, adheres in Reserve No. Is,
Sections SO and 16, greatly accen-
tuated by the Honolulu Oil Com
pany's developments on Sections
4, 6, 8, IL and IA in the township
just west, Section 6, cornering on
Standard OILS Section SO.
Has Strategic Position.
Has q similar method for the
navy's oil protection in reserve No.
2 been carried out as was adopted
in reserve No. 1, or should the de-
velopment Of the leases awarded by
Mr.. Fall yet force the adoption of
such a method, the Standard Oil
Company occupies pretty strategic
position. Under the common prac.
tice Of the General Land Office.
comparable with legal presidents in
the courts, the Standard Oil Com
pany must be accorded a strong
moral preference in the leasing Of
naval petroleum reserve No. 2, be.
cause Of it's present holdings and
priority in the field.
All Of which may be taken as evi.
dence that the intuition Of one in.
telligent and informed woman is
worth as much (sometimes) as the
digging and delving OF a committee
Of erudite and dignified Senators.