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Teapot Dome |
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Teapot Dome, in U.S. history, oil reserve scandal that began during the administration of President Harding Harding, Warren Gamaliel (gəmā`lēəl), 1865–1923, 29th President of the United States (1921–23), b. ..... Click the link for more information. . In 1921, by executive order of the President, control of naval oil reserves at Teapot Dome, Wyo., and at Elk Hills, Calif., was transferred from the Navy Dept. to the Dept. of the Interior. The oil reserves had been set aside for the navy by President Wilson. In 1922, Albert B. Fall Fall, Albert Bacon, 1861–1944, American cabinet official, b. Frankfort, Ky. He became a rancher in New Mexico and a political leader in that state. Elected to the U.S. ..... Click the link for more information. , U.S. Secretary of the Interior, leased, without competitive bidding, the Teapot Dome fields to Harry F. Sinclair, an oil operator, and the field at Elk Hills, Calif., to Edward L. Doheny. These transactions became (1922–23) the subject of a Senate investigation conducted by Sen. Thomas J. Walsh Walsh, Thomas James (wôlsh), 1859–1933, American political leader, b. Two Rivers, Wis. ..... Click the link for more information. . It was found that in 1921, Doheny had lent Fall $100,000, interest-free, and that upon Fall's retirement as Secretary of the Interior (Mar., 1923) Sinclair also "loaned" him a large amount of money. The investigation led to criminal prosecutions. Fall was indicted for conspiracy and for accepting bribes. Convicted of the latter charge, he was sentenced to a year in prison and fined $100,000. In another trial for bribery Doheny and Sinclair were acquitted, although Sinclair was subsequently sentenced to prison for contempt of the Senate and for employing detectives to shadow members of the jury in his case. The oil fields were restored to the U.S. government through a Supreme Court decision in 1927. BibliographySee M. R. Werner and J. Starr, Teapot Dome (1959); B. Noggle, Teapot Dome (1962). Teapot Dome government oil reserves fraudulently leased to private concerns (1922). [Am. Hist.: Flexner, 353] See : Scandal How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Of course, looking back on history, even Enron's high-velocity Teapot Dome pales compared to the awesome, multidecade ElfAquitaine scandal in Europe. Unger acknowledges the pivotal part that La Follette played in exposing the Teapot Dome scandal, and she wraps up the biography with a look at La Follette's failed Presidential effort in 1924. But in 1923, his lucky streak was temporarily threatened when he became embroiled in the infamous Teapot Dome scandal for having "loaned" $100,000 to then-U. |
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