CORRUPTION: Oil Money

Two significant deposit items were recorded last week by the Los Angeles branch of the Federal Reserve Bank of San Francisco. The deposits were to the credit of the Treasurer of the U. S.: from the Pan American Petroleum & Transport Co., $11,092,264.82; from the Pan American Petroleum Co., $1,920,886.94— Total, $13,013,151.76.

So ended the civil proceedings of the U. S. Navy Department against Oilman Edward L. Doheny to recover values and royalties on oil and gas sold by Mr. Doheny's companies from the Elk...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!