Wall Street Journal article that broke the news of the Teapot Dome Scandal

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Wall Street Journal article that broke the news of the Teapot Dome Scandal - 10 I ui bond- mated to contain between...
10 I ui bond- mated to contain between 150,000,000 and 200,000,000 bar-holder ad- rels of high grade oil. According to department officials Ac ..1. in- in the years , 01 not I be them- re SINCLAIR CONSOLIDATED IN BIG OIL DEAL WITH U.S. CONTRACT SIGNED WITH GOVERNMENT AND SINCLAIR OIL INTERESTS FOR DEVELOPMENT OF TEAPOT DOME IN WYOMING Dome Estimated to Contain 150,000,000 to 200,000,000 Bar rels of High-Grade Oil Y ken Production Reaches SOflOO Barrels Daily, 1,000 Mile Pipe Line Will Be Built To Supply Navy With, Oil x Washington A contract has just been signed by the government and the Sinclair Oil interests for development 1 - - ' - - - - naval un tteserve ino. z. leanoi uome. wyoiimiac. eau- the arrangement entered into marks one of the greatest petroleum undertakings of the age and signalnes a notatle departure on the part of the government in seeking part- nership with private capital for the working 01 govern ment-owned natural resources. Plan adopted has several distinct steps and is far- reaching in its effect. The first step is the immediate development of the Teapot Dome, an area of about 10,000 acres, This will be done without expense either to the government or to the Sinclair Consolidated Oil Corpora- ... . jLtveicl t has been pnvaUly financed by H. F. Sinclair , . , , . , . . . , i nd several associates, a corporation having been formed for thi, unde; tne of th, Ma;moth 0il Co. Thii company will not have any stock or bond's for sale. DOMR TO TUB CILr When the oil is brought to .the surface by the pro- aucing company noming me contract, 11 win an dc taken 1 v . v o 1 r. 1. r : 1 n.. 1 ! f a. .... .. 4...I J LIJ! At.- . A 1. !tl !1 t- A-l W me amciur t,mo wu 1 unn m ni wn .1 iui j.. . on iw v 1. j.m.. c:..i.i. ii. r -niount, t .u.ww ""7. u' ' i r i mn.trui-t a n na i hiit i onn m U. lnne? from Wvomin to a noint near Kansas City, where con- nections can be made with the main trunk line system of the Sinclair Pipe Line Co. and also with the lines of the Prairie Pipe Line Co, It is understood the initial capacity i. ,. !ti t.. .w.... .i aaa v i. j.m.. oi tne new pipe una win oe imuv iu,u u Darren uaujr, thereby providing for an outlet for surplus production of (Continued en Eighth Page) 71 1 I I

Clipped from
  1. The Wall Street Journal,
  2. 14 Apr 1922, Fri,
  3. Page 1

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  • Wall Street Journal article that broke the news of the Teapot Dome Scandal

    staff_reporter – 10 Dec 2015

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