Casper Daily Tribune Newspaper, January 28, 1924, Page 7

Having sunk nearly $26,000,000 in @ frenzied futile attempt to un- cor mighty gushers in the prom- ised land of Teapot dome and in throwing a 700-mile pipe line from that place to Freeman, Mo., Harry ing to the government lease royal- ties on the field's production run on & graduated scale from one eighth to one-half. The average is close to one-fifth. The great pipe line that strings Oil Men Fi TEAPOT DOME LEASE PROVES BIG. FROS gure Estimate Possible Oil Production There is one opinion hela by the oi] men of Casper as to the present mixup in Weshington and that It is the beliet of many permons here that had the government in dealing on Teapot, had followed its fered them to the highest bidders, Casper would be financially flat to- day, with most of {ts banks closed. Upon the supposition that Teapot would prove itself an area of a great oj] pool. the banks would prob- ably have backed those after Teapot leases beyond the limit. As every- thing hag turned out,“it iw Sinclair who holds the lemon and Casper continues prosperous. At the request of the Oll Weekly, is expected to show a'slight increase two statisticians, who enjey rather “g00d reputation, have consented to Prepare each an estimate as to what the probable trend of ol] production in the United States will be, The estimate of forecaster No. 1, with ex- planation, follows: “Oklahoma production is estimat- ed at 365,000 barrels for January 1924, With no new production, this will be down to 290,000 barrels, by the first of 1925. Allowance! of 60,- 000 barrels bas been made to take care of new production, Karsas has been estimated on the same basis as Oklshoma with a margin for new production, “New Texas is estimated to de- crease from its present production, but new production in Archer coun: ty and small production in adjoining counties will help to maintain its Present production, which is around 63,000 barrels, until the last quarter of 1924, when the flush abe be over, Ranger production is estimated at r barrels. It is thought that Betual figures will be consider. below this amount, but ap- 8,000 barrels have been Slowed for new discoveries. North Texas, Louisiana, will show de- creases and there is nothing in sight upon which to base a margin for new production, ' “The Gulf Coast region of Texas Market Gossip but production in this area is not expected to exceed 80,000 barrels ber day, Miscellaneous South Texas flelds are not estimated to go over 35,000 barrels. Allowance has been made for production that may he found along the Luling fault, Mir- ando and Somerset are not expected to show increases. “Eastern States, it is thought, will deci, to approximately 105,000 barrels, “Wyoming and Montana will be down to 180,000 barrels by the mid- die of the year and will go below 120,000 barrels by the end of De- cember. New production is predict» ed to the amount of 10,000 barrels, “A small amount of now preduey tlon in Arkansas is anticipated. The average for California places the maximum production for January at 705,000. This amount may be high, a8 production reports show the state to be down to 700,000 barrels now, As to the production for California, throughout the year, it will be noted that June production has been re- duced to 675,000 barrels, and by De- cember it is predicted that the fig ures will show approximately 500,- 900 barrels, ‘The second estimate merely gives the amounts by months without any its or conditions: which tor! co commen tals 657,100,000 for 1924, and Briefs On Operations in Oil Fields Dutton Well Shutdown, Tho Texas company's wel] N en Dutton anticline near Moneta. ‘Wyo., 1s being shutdown for the re- mainder of the winter at 1,200 feet, with 10-inch casing run to that depth. t Lost Soldier the company’s cova No, 2 ts underreaming 8%- inch casing at 1,805 feat. WYOMING OILS © NEW YORK, Jan, 28,--Prices of Wyoming olls at 2 p. m. today ware Nested on the New York curb as fol Jows: Standard Oil (Indiana) 67%; Bos ten Wyoming 1%; G'enrock .55; Mountain Producers 18%; Mutual Certificates 13%; New York 13%; Omar .68; Salt Creek 23. BANKS MAY GET FEDERAL LOANS {Continued From Page One) islation to permit a federal agency probably the War Finance Corpora- tion, to advance Fes funds Rea od italization on the personal notes of the stockholdets with the” bank’ stock as collateral. Early action of some sort is expected, since the president is known to feel that re- Uef must be found quickly, and the question of time is regarded sener- ally as the most important consid- eration in determining a course of action, Meantime the first of the big farm relief measures introduced at this congress was approved in principle by the senat» agricuture committee. It 48 the Norbeck-Burtness. bill pro- posing an appropriation of $75,000, 000 for the aid of Northwestern wheat growers in particular and agriculture generally.’ As introduced the measure carried $50,000,000 for the ald of wheat growers only, but the committee ac- cepted a proposal by Senator Har- rison, Democrat, Mississipp!, that an additional $25,000,000 be added for assisting producers of cotton and other agricultural products. A sub- committee was appointed to work out details of the Harrison amend- ment of the $50,000,000 for wheat growers, $20,000,000 would become available during the present fiscal year, $20,000,000 during the fical year ending Juno 30, 1925, and the remainder during the succeding fis- cal year. Senator Harrison sald he" would seek to havo all of the additional $25,000,000 made available during this year. Ho pointed out that be- muse of the bol! weevil, catton pro- ducers in some sections of the south were in dire financial straits while farmers in the west and east grow: ing other crops than wheat also were in need of immediate aid. Plans for the conference were virtually complete’ today and + Mr, Coolidge called secretaries Hoover and Wallace and Managing Diree: tor Meyer of the War Finance Cor- Poration into conference this after. noon to give final approval to them. The conference as planned will be representative of all interests af- fecting the farmers of ‘the north: west. * POTATOES: CHICAGO, Jan, 28,—Potatoes about steady; receipts 129 cars; tota! U. S. shipments Saturday, Sun- day, 37; Wisconsin sacked round whites, $1,25@1.40; bulk, $1.40@ 1.50: dusties, $1.60; Minneota sacked round whites, $1: sacked Red River Ohios, Fi sacked Russetts, $2,20@2.50; fancy, $2.60, ——<$—< COMPANY FORMED TO Dig CANAL TO GREAT LAKES OTTAWA, Jan. 28— Natice has been given of an application to par Mament for the incorporation of a company to be capitalized at $500,- 000,000 with power tg connect the lower Saint Lewrence river by ship cana’s end ehip channels with the bead of the Great Lakes, the Ot- tawa Journal sald tod: nia" Sos ha An_ ordinary brick will absorb 16 ounces of water, OIL SECURITIES By Wilson Cranmer, &.Co. New York Stocks Last Sale es AUu., Gulf and Weat Indies _. Bakiwin Locomotive -..--. 124% Battimore and Ohlo --—... ¥. T. Williams .--.--> Frents ~.------...---- 5. Gates Oxla . York Of] -------.12.50 14.00 sorcewese ee 01% ie Chicago, R, I. and Pac. ~-..-- Chile Copper ----—---..---- Chino Copper -..~. = Consolidated Gas -.--—---<- Corn Products -.....----—-- Cosden Ol ~-e-eparcee-eseee Crucible Steel -..--~--se..- Cuba Cane Sugar, pfd. ------ OER Ea a a aa Famous Players Lasky ---.-- General Electric ---.-—---.- General Motors --..--~—---- Great Northern pfd Gulf States Stee! - Miinole Central Inepiration Copper -~~~--- International Harvester ...- Int. Men, Marine pfd ---—--- 31% Internationas Paper -.--—--.384B Invincible Of]. -------—~---. 1 Kelty Springfield Tize -..--- Kennecott Copper ~.<.------ Lima Locometive ~-.ese--r-- Loulsville and Nashville .... Mack Truck ~---~---.---~ Marland Oil ------,---—--—. Glenrock Oil ----—-. Salt Creek Prds. Salt Creek Cons — Mutual -... 13.63 8. O. Indiana .------. 67,50 Cities Service Com. - 153.00 ees LIVESTOCK CHICAGO, Jai 28.—-Sogs—Re- celpts 729,000; slow; unevenly lower Nght weight 10 te ise off; others mostly 15 to 20 lower; packers gen- erally bidding 25 lower; bulk good and cholee 250 to 325 pound but- chers 7.10; top 7.15; better grades 225 pound averages mostly bulk packing sows 6.40@ killing pigs 25¢ lower; bull strong weight 5.00@5.75; heavy weight hogs 7,00@7.15; medium 6.90 Ught light sows smooth 6.25 10.00 Middle ingress eae weeeene Mssour: and Tex. new Missouri Pacitic poicoaa New York Central -..---«: N.Y. N. H., and Hartford .. Norfolk and Western Northern Pacific ~------.00— Pacifia Ol ..-.--o0-sdec---0 Pan American Petroleum B . Producers and Refiners ~.-. Pure Ol -2------ee-ene oe: é 1s 4.25@6.00, Cattle receipts 13,000; beef steers of value to sell at 9.85 and above, strong to 2ic higher, mostly 15 to 2be up; outside demand for such kind fairly broad; lower grades ; relatively few sold early; big pack. ers resisting higher prices; Killing quality plain; few mixed steers here of value to exceed 10.00; early top handyweight steers 10.60; bulk carly gales 8.509.75; liberal supply short fed steers of quality and condition to sell at 7.25@8.25; fat she stock and bulls 15 to 25 higher; other classes generally steady; bullet veal- ers to packers 11.00@11.75; few @bove 19.00: outsiders hand picking upward to 14.00; stockers and ere firm, Sheep receipts 21,000; fairly active; fat lambs strong to around 15 hish- er, sheep and feeding lambs strong to 25 Nigher: early bulk fat wooled lambs 18.65@1.90; few 14.00; some held higher; medium fat ewes 5.00 @6.50; no cholce kind sold; choice feeding lambs upward to 1°.50. Southern Pacific ~-—~------- Southern Retlway ---—-—-. Standard Oj! of N. J. ---,--- Studebaker Cerporation Texan Co. ~---.----- Texas and Pacific ~~~ Products A ... Transcontinental Oil =#----- pper ‘Weatinghouse Wieetrio -....- Willys Overland ~~~..-99.--- OMAHA, Nob, Jan. 28—Hogs, Receipts 15,000; market slow; early sgles to shippers and yard traders 16 and 25c lower; bulk 16% 15% 73 80 1 pound butchers $6,70@$0.80; top a7 $6.85; 180 to 210 pound weights $6.40 GIONS wweennnewewer eee aH @$6.05; packing sows $6,35@$6.50; TINGLE ~-wewnwnnneeoee : Packer bids mostly lo average tte as PR SRSA “OG cost Saturday $6.79; weight 236. N.Y. Trans cece 80 Cattle. Receipts 8.600; moder Nor, Pipe -----eweer-n 101 103 | Stely, active: killing Qt ON a rarecmovense alt bising f Paine PIO wa e-ven 108% 110 Solar Ref. tom 223 SOU. Pipe cenenewnrrree 99 100 5. 0. Kan, = 48% 49 8. 0. Ky, - 116% 117 $6.50; canners and cutters $2.25@ $3.00; bologna bulls $4.00@ $4.50; veals to packers $9.50@$10.00; bulk Stockers and feeders $6.25 @$7.00. Sheep. Receipts $5,550; market slow; asking sharply higher; carly sales killing classes 25@35c higher; three loads 80 to 88 pound lambs $13.50; good 115 pound ewes $3.00; no feeding lambs. DENVER Colo. Jan. 28—Hogs re- ceipts 1200; quality mostly plain; weak to lOc lower; late bids. off Tore; top $6.85; paid for good to choice 190 to 220 pound averages, CRUDE MARKET Cat Creek ~—-~~---~--peen one e $1.55 Lance Creek -------—-5------ 1.80 O88 G6 | preteen ceee pe pecereen Grass Creek, Ught --.-----—-- Grass Creck, heavy '-----.--- Torcblight ---~--~w---ereer=-~ 158] few drive ine up to $6.90, bulk Elk Basin -~. woneee. Medium to choice 200 to 230 pound Greybuyll, —_-<--temqecnmnnnseve 185 averages $6.50@6.8! Steady mostly $5. Cattle receipts 450; she stock steady to 10¢ higher; two loads desirable 735- pound hetfers $7.60. others $7.85; two loads fairly Sood cowa $5@5.50. al! other classes around steady; canners and cutters $2 $3; odd heef steers $7@7.25; few bulls $3.75 down; best vealers $10; common kind $6.50; plain feeders $6; good grades held at $7.50@T.75. ——— MONEY NEW YORK, Jan. 28. — Call money firmer. high 5; low 4; ruling rate 4; closing bid 5; offered at 5%; last loan 5; call loans against accept ances 3%); time loans easy; mixed collateral 60-90 Gays 4%@4%; 4-6 months 44@4%. Prime commercial paper 4% @5. packing sows fat pigs $5.75. calves 100; fat Rock Creek -----------2--eser 1,30 Salt Creek -------~---e--enee- 1.20 Big Muédy Mule Creek -—. Sunburst --~----------------. Hamilton Dome Pilot Butte -.. Lander * METALS — | NEW YORK, Jan. 28.— Copper quiet. electrolytic spot and futures 12% @12%c. Tin weak, spot and near by $48.75; futures $48,25@48.37, Iron steady; number 1 northern $23@24; number 2 northern $22.50 @23; number 2 southern $22@23. Lear steafy; split $8@8.37. =. Ss Zinc quiet; East St. Louis spot ‘ and nearby §6.50. Antimony spot GRAIN EXPORTS DROP, $10.25, WASHINGTON, Jan. 23.—Grain exports from the United States last LONDON, Jan, 28&—Bar silver | week amounted to 1,472,000 bushels 33 918 pence per ounce. Money | compared with 1,911,000 busheln the Previous week. 2% ver cent. ACTIVE BUYING IN WALL TREET vy Profit Taking In Spe- Hee eth Shares” He cial Show Strength NEW YORK, Jan. 23.—Strength of the railroad shares, due in part to @ renewal of European buying featured today's active and irregular stock market. Erratic fluctuations took place in the industrial list, heavy profit taking and bear sell- ing taking place, particularly among the so-called specialties. Sales approximated ble irregularity Oped at the opening of today’s stock market, Steels and most of the rails held firm but fresh selling broke out in Pan-American B, which dropped 1%, and Sinclair, which ylelded fractionally. American -Car and Foundry-adyanced one point and Pacific Oi moved up fractionally to a new high since 19: The market continued spotty in the early dealings, Genera! Elec- tric broke 5 points in reflection of federal trade commission's com- plaint against it, and other compa- nies because of an alleged monop: oly of radio devices. Famous Play- ers and Davidson Chemical each Cropped more than 2 points and the Pan American issues extended their early lonses.: Tidewater Oil and At ltntic Refining each advanced about 1% points and good gains a'so were recorded by Atebison, the American Tobacco issues, Air Reduction and Corn Products up 1 to 2 points. For- elgn exchanges opened higher, Extensive profit taking took place in various section of the list, buoy- ancy of some of the high priced specialties being used as a screen to cover distribution elsewhere, arly losses in the active issues ran from 1 to 314 points but persistent accu- mulation of some of the low priced oils and dividend paying rails, part!- cular'y Atchison, which moved up 3 points to 1.02% steadied the gen- eral list around noon. “General Blec- tric and Nationa! Lead, which broke sharply in the early dealin; good support later and and 4% points respectively from thelr low figures of the day. Gen: eral Baking extended its early gain 1,250,000 devel- slow; | again in plentiful suppl: to 6 points and Air Redustion to 5%. Davidson Chemical dippped more than & points. Call money was the open- ing rate being 4 per cent. Speculation was very irregular in the early afternoon when wide fluc- tuations oceurred in some of the principal shares. Bidding up of American Can to 114% and a de- mand for some of the merchandise copper, moter and motor accessory shares served to hold the general list pretty we'l, despite declines of 3% to 4% points in the Pan-Amerl- cans, Corn Products and Virginia Carolina Chemical preferred, Kresge was up 6 points. The closing was irregular. Raising of the calianoney rate io 5 per cent and a further break In Davison Chemical which sold 8 points be- low Saturday's closing quotation, unsettled the industrial list in the late dealings, but the rails held tirm with good buying taking place in Chesapeake and Ohio. Foreign Exchange NEW YORK, exchanges cents; Great Britain demand 425; cables. 425%; 60-day bills on banks 427 France demand 4.59; cables 4.5914; Italy demand 4.3 cables 4.35% Belgium demand. 4.09%; cables 4.10 Germany demand .000000000023; cab- Jes 000000000023. Holland demand 37.15; Norway demand 13.53; Sweden demand 26.15; Denmark demand 15.93;, Switzerland demand 17.27}; Spain demand 12.73; Greece demand 196; Poland demand .000012; Czecho Slovakia demand 2.88; Jugo Slavia demand 1.144%; Austria demand 0014; Rumania demand .50%; Ar Bentine demand 32.90; Brazil de- mand 10.96; Tokio demand 44 Montreal 97 7. Jan. stendy; 28—Forelgn quotations in Butter and Eggs CHICAGO, Jan. 23.—Butter low. ev creamery extras $1c; standards Sle; extra firsts 49145 @b0%c; firsts 48@490; seconds 46@47. Eggs unsettled; receipts 13,278 cases; firsts 40c; ordinary firsts 36@ 3%c; refrigerator extras 27c; refrige- rator firsts 26@26%4. NEW YORK, Jan. settled; “receipts 10 higher than extras extras (92 score) ($$ to 91 score) .18% stock, current make number 2 Eggs steady; receipts 5,770: gathered, firsts 45@.47; ditto firsts 43% itto seconds and Poorer, .34@.4%; New Jersey and other hennery whites, closely select ed extras .53@.56; state, nearby and nearby western hennery whites, firsts to extras .50@.53; nety browns, extras Pacific Coast whites, extras .52; Pacific Coast whités, firsts to extra firsts 48% @.52; refrigerator firsts .214@ 29%; cheese steady; receipts 207,603 ‘pounds; state, whole milk flats, fresh fancy .22@.23; ditto average run -20%@,.21; state whole milk fats, held, fancy to fancy specials 254%4@ 27; ditto ayerage run .24%@.25. Sen SILVER NEW YORK, Jan, 28.—Bar silver, 43%; Mexican dollars 48%, 2 Butter une GORN FEATURES GRAIN AARKETS Scores Sudden Advance In Closing Due to Unfav- -orable Reports — CHICAGO, Jan. 2$—Influenced more or less by wet weather and by @ decrease in the United States visible supply of corn and of cats and wheat as well, the corn market sco! & sudden adyance today, not- withstanding decline during the early trading. Corn closed ner- vous, half@%@ cent net higher, May 79% @80 to 80. Later, a notable rally took place, the market rising to within a frac- tion of the best prices of the sea- son. The fact that the market had been on the downgrade for several days Jed numerous traders to anti- cipate that a reaction would be nat- ural, Persistent early selling by holders led to @ fresh setback of prices to- day in the corn market. There was gs00d commission house pur- chasing of M at the start, but the Aggregate was insufficient to uphold values. Receipts at St, Louis, Kan- sas City and Omaha totalled 878 cars, indicating that there was a Uberal movement of corn under way in some sections, even though arrivals at Chicago were relatively light. The opening which ranged from % to ie lower, May 79 to 79%c was followed by a moderate further drop. Whvwat and cats weakened | with corn. Talk about supposed recent damage to winter wheat falle® to stimulate much buying. After changed to %%o higher, to 1.09 and July 1.07% to 1.07%, wheat prices underwent a general cag. Oats started at a shade lower, May 47% cents and later declined a lit- tle mor Breaks in hog values had o de- elded bearish effect on provision: Wheat number 2 r #1. number 2 hard $1,08% @$1.13 Corn number 2 mixed 78%; num- ber 2 yellow 80c. Oats number white 48@49c; number 3 AT @48%c, Rye number 2. 72%c; barley 61 @S2c; timothy seed $6.50@$9.00; clover seed $18.00@$23.25; Jara $11.30; ribs 60 pound averages $9.50; beflies $9.62. white MINNEAPOLIS, Minn., Jan. 23— Wheat cash number 1 northern $1,19%@$1.17%; number 1 dark northern spring: Choice to fancy $1.21% @31. good to choice $1.17@GL20%; ordinary to good $1.14% @$147%; May $1.13%; July $1.14%; September $1.12%. Corn number llow 72%¢, Oats 4% @4itac. Bar- Rye number 2, 65%@ Flax number 1, $2.48@ CHICAGO, Jan, 28— Open High Low Close 1.08% 1.09% 1.06% 1.07% 1.06 1,06% -18% 30% sli” AS% ASG 13% 11.25 11.25 9.40 75 9.77 «9.70 9.70 9.97 9.97 10.20 10.20 Legion to Have Meeting Tonight In view of the fact that several matters of especial importance at this time are to be discussed, every member of the George W. Vroman post of tho American Legion is re- quested to attend the meeting of the post to be held this evening at 8 o'clock in the organization's club rooms. A program full real entertainment has been urranged and {t ts declared in advance to be a “wow.” LIBERTY BONDS NEW YORK, Jan. 28,—Liberty bonds closed: Sts, 99.7; first 4s, second 4s blank; first 4\%s, 8; second 4s, 99.6; third 4%. 99,29; fourth 4%s, 99.3; U. S. G ernment, 4%s, 100. —_——_—_ VISIBLE GRAIN SUPPLY. NEW YORK, Jan. 28.—The vis- of + ible supply-of American grain shows the following changes. Wheat, decreased Corn, decreased Oats, decreased Rye, increased . = Barley, decreased - Sterling Makes Sharp Advance NEW YORK, Jan. 23.—Improved prospects for the settlement of the British railway strike contributed to @ sharp rise in sterling exchange toda; the demand rate mounting 213,000 04,000 000 000 000 2% cents to $4.25%. The franc gained 10 points at 4.611% cents as measures designed to su Paris wxchange came to a test vote in the chamber of deputies, Other Buro- pean exchanges, with the exception of Denmark, advanced in sympathy. Czechoslovak : Dominion of ba French Republic, 7345 Japanese, 4s Kingdom of State of Queensland, 6s .—.. U. K. of G, B, & 8 37 RAILWAY American Smelting 6s . American Sugar és American Tel. col., tr. Anacoada Copper Anaconda Copper 61 At. T. and San Fe., ge. 4s A Bethiehem Steel con 6s, Serica A -.. Canadian Pacific deb., 49 ~~---0-. Chicago, Burtington and Quin: Chicago, Mil., and St. Paul, Chile Copper, Goodyear Ti; Great Norther: Montana Powe: Northw: and Electrica 5s Penn. R. R, Sinclair Con. . Southern Pacific Tnion Pac‘f U. 8. Rubbe Western Union, 6%= Westinghouse Blectrie, Wilson en@ Company, cv. és — emwnmnnenmmsn= 997) ND MISCELLANEOUS Baltimore and Ohio CvV., 4168 <--cceneneeen-eee— = DENBY'S RESIGNATION AS NAVY &: 10278% 100 13% 98 ce HEADS REQUESTED BY WLS (Continued from Page 1.) which must have been given to him by high officisis. “Solely in the interest of accuraey of history, I read the letter trans- mitted by Secretary Fa'l to the pres. Ident of the United States and by him to the senate in explanation of the leases and the reasons that act. uated the action taken.” “We have it upon the word of Secretary Fall,” continued Senator Walsh, “that before the leases wore pexecuted the leases themselves not only became a subject of cabinet discussion, but the question of their legality became a subject of debate in the cabinet,’* Senator Walsh alvo read the let- ter of Prsidnt. Harding transmit. tng the Fa'l letter, which con cluded with this sentence: “ “2 think it fs 'y fair to way in this connection that the policy which has been adopted by the secretary of the navy and the secretary of the Interior jn dealing with these mat- ters, was submitted to me prior to the adoption thereof, and the policy decided upon and the subsequent acts have at all times had my entire approval Senator Walsh then called up the Caraway cancellation resolution, say- ing he desired to offer a substitute, but Chairman Lenroot objected until he could make @ statement, First, Mr, Lenroot had read into the record the statement issued by President Coolidge Saturday mid- might outlining the administration's determination to proceed with court action to annul the leases. He then denied a statement issued last night by Senator Walsh saying that {n view of the statement by the Ppresi- dent, obviously information had been transmitted to the executive @bout a confidential agreement of the senate investigating committee approving in principle the Walsh substitute resolution, ‘This measure Would direct the president to bring court action and to employ special counsel to prosecute the cases. “The plain inference is that the president's action was actuated by What the committee did in execu- tive session last Saturday. I visitea the White Houre at 10:30. o'clock Saturday at the request of the prea- ident. When J reached there the statement had been prepared sub- stantla'ly in the form in which it was issued. The president had no information from me and, I am ad- vised, from no other person, before he prepared the statement.” Senator Walsh's substitute resolu tion then was offered, applying only to the Teapot Dome lease, Sen- ator Lenroot submitted a letter from B. L. Doheny personally offering to return the California lease if the government will reimburse the Pan- American Petroleum and Transport company for funds spent {in devel- oping oll reservoirs at Pearl Harbor. Senator Robinson, of Arkansas, the Democratic leader, asked {f any similar offer ‘had come from the lessee of Teapot Dome, and Senator Lenroot replied in the negative, Senator Norris, Republican, Ne- braska, declared the Doheny con- tracts should have been included in the resolution, “T don't think we ought to accept the Doheny offer,” he sald. “We ought not to make two bites at this cherr; Heflin, Demoorat,. Ala- bama, also argued against accepting the Doheny offer. Hoe charged that both leases were obtained by “fraud and corruption,” and declared they shou'd be cancelled. He added that the federal departments of the gov. ernment aré honoycombed with cor- ruption and gorged with graft. WASHINGTON, Jan. 2s—It was indicated today that former Inter- lor Secretary Fall probably will not be able to testify tomorrow before the senate ofl committee. Although it was ssid there had been no definite change in his con ditfon, the physicians regularly at- tending him called In several others today and plans were made £: suance of a statemert ing his illness, WASHINGTON, Jan, 23,—~ Rear Admiral Gregory and Rear Admiral Latimer, Judge advocate general « Navy, appeared before the house n: val committee today prepared to di cuss the naval oj] reserve leas: but the committee decided; at th, last minute, not to question ther, at this time. 00 tT Chairman Butler“ explained the qi) he thought !t would be better { view ot developments in the sena! investigation and the announced !r tention of President Coolidge to im stitute court action, to pursue ie V hands-off policy, at least for a daaec| or #0. tf m ’ ‘bit 2 fr Some members of the commitepa tee had expressed a desire to obta! in information from the navy depar ment, particularly as to the requir=— ments in the Doheny lease for ty construction of of] tank storage fr cilities at Pearl Harbor, Hawa! They haé planned to question th naval offictrs as to how much he™ been expended from royalties fo. improvements there and to deted mine the status of the work, WASHINGTON, Jan, 28,—A ‘dl posal to appropriate $100,000 {0 Prosecution of the nava! oj] suit was made the vehicle today of ) house debate on the leasing muddle, A resolution carrying such a ¢} propriations was reported by th: ¢1 appropriations -. committee afteia } houre leaders had been in communtso, cation by Representative Lenapor worth of Ohio, the Republican leade ¢ er, and it wag agreed to put asiddt » all other business and consider iay under an agreement for two hours m debate, t The text of the resolution follows? Whereas the president, has macpot Dublic announcement that the pro w: poses to employ the ne legn de and other assistance to inatitutant legal proceedings for the purpose oar, cancelling certain leases of ol] landd s in» former naval rewerves, to instif t tute civil sult where necessary an vou to prosecute. criminally apy perso:r 3 Or Persons guilty of any infractior a: of the laws of the Jand in Senne ae c with said leanes. “Therefore, be it resolved by thel,6 senate and house of the Unitechi States. in congrosa aasemb'ed, tha! there be and is hereby appropriate: from any moneys in the treasury u not’ otherwise appropriated, the sum ef $100 000 or so much: there may be necessary to be expended bis, the president for the purpose Of gp employing the necensary employes y. and agents and for such other ex gg, penses that may be necessary in {nap Stituting and carrying on any suite¢ ; or other droceeding, either civil orge. criminal, which he may.ecause to be .5S instituted or which may (be it tuted, or to take : n lation to the crnoetlation of anv leases on oll lands in forrser nayal®? reserves; provided that {0 the pro. 6u secution of any person or persons { guilty of any infraction of the laws* of the United Statca in’ connection?” with said leases, or in’ any other)” measures ‘which ‘he\ may take to 4), Protect the interests of the United - States and the: people thereof, in connection. therewith. any counse) employed by the president under= the authority of this resolntion shal! have fu'l power and authority to carry on sald proceedings, any law = to the contrary nothwithstanding.” _ Most of the house debate revolved 5 about the $100,000 appropriation Proposal which was presented on the floor by Representative Lons worth, the Republican leader, after {t had been approved by the appro Priations _ committee, Meantime >t it appeared that the president was encountering. some difficulty in se curing the counsel he desired. Of ficials who had been hopeful that - the sélections could be announced immediat aid there was a ba possibi'ity that no announcemen could be made today. Secretary Hughes, who acted 2 special counsel for the covern during the Wilson administration the Investigation of a ditures was called { by the president: It the executive desired to t. opinion regarding the selection of counsel,