The Teapot Dome Scandal: How Big Oil Bought the Harding White House and Tried to Steal the Country
McCartney (Friends in High Places: The Bechtel Story) does an efficient job of narrating 20th-century America's first great federal corruption scandal. Petroleum preserves (or domes) were set aside on public lands in California and Wyoming, to be kept until needed by the navy. During 1921, President Harding's secretary of the interior, Albert Fall, took control of the lands from Secretary of the Navy Edwin Denby and leased two domes—Teapot Dome in Wyoming and California's Elk Hills—to Harry Sinclair's Mammoth Oil Co. and Edward Doheny's Pan-American Petroleum and Transport Co., respectively. Concurrently, Fall received personal payments from the two men totaling $404,000, some of which he distributed to underlings who helped with the transactions. Scandal ensued, continuing through the presidency of Harding's successor, Calvin Coolidge. Congressional investigations were held; Coolidge appointed special prosecutors, and in 1929 a federal court found Fall guilty of bribery, fining him $100,000 and sentencing him to a year in prison. Though McCartney adds nothing new to the story, he has a solid grasp of it in this retelling.(Feb. 5)Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.--This text refers to an out of print or unavailable edition of this title.