Friday, January 26, 2024

Today -100: January 26, 1924: Of loans (or “loans”)

Harry Sinclair’s personal attorney tells the Senate Teapot Dome hearings that last year Sinclair loaned (or “loaned”) $25,000 in Liberty bonds to then-interior secretary Albert Fall to buy some ranches in New Mexico. That’s in addition to the $100,000 loan (or “loan”) we already knew about. Rep. John Morehead (D-Neb.) introduces a resolution for the cancellation of the Teapot Dome lease on the ground that it was corruptly obtained. Which it was.

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