Teapot Dome Scandal: How Big Oil Bought the Harding White House and Tried to Steal the Country

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Laton McCartney

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Overview

In this amazing and at times ribald story, Laton McCartney tells how Big Oil handpicked Warren G. Harding, an obscure Ohio senator, to serve as our twenty-third president. Harding and his “oil cabinet” made it possible for cronies to secure vast fuel reserves that had been set aside for use by the U.S. Navy. In exchange, the oilmen paid off senior government officials, bribed newspaper publishers, and covered the GOP campaign debt. When news of the scandal finally emerged, the consequences were disastrous. Drawing on contemporary records newly made available to McCartney, The Teapot Dome Scandal reveals a shocking, revelatory picture of just how far-reaching the affair was, how high the stakes, and how powerful the conspirators–all told in a dazzling narrative style.

Editorial Reviews

Library Journal

Journalist McCartney (Friends in High Places: The Bechtel Story) examines corruption and scandal at the highest levels of the federal government in his look at the scandal of Warren G. Harding's administration, Teapot Dome. The groundwork for the scandal was in fact in place even before Warren G. Harding had won the Republican nomination in his bid for the presidency. America's top oil companies had funneled money into the Harding campaign, providing the kind of monetary support needed for Harding to win the White House. In return, Harding appointed Albert Fall as his secretary of the interior, a position the oil interests believed would open up the Naval Oil Reserves in Wyoming (the teapot dome reserve) and California for their companies, something that Fall did accomplish. Once this quid pro quo became public, Congress pressed Harding to nullify the lease; the Supreme Court ruled that the authority Harding had given to Fall in the first place was illegal. McCartney's final section details what happened to the key individuals. The major conspirators received little or no jail time. The Teapot Dome scandal showed how monetary political contributions could lead to political corruption, something we now take for granted. Readers unfamiliar with this bit of history will find this work heavy in detail and light in general context. Recommended for informed readers in public and academic libraries.
—Michael LaMagna

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The Barnes & Noble Review

Americans have one vote apiece, but that equality doesn't extend to economics. Those with the most money have often paid for political access and influence -- as true in the 1920s as it is today. Financial journalist McCartney meticulously describes the systematic corruption of Warren Harding's White House in The Teapot Dome Scandal. Harding himself, McCartney notes, had won the 1920 presidential race by accepting millions of dollars in secret campaign contributions from oil companies. The author lays out a compelling case that Republican Harding had been truly "bought" by Big Oil -- and that he paid them back when elected. The poker-loving, skirt-chasing president proceeded to nominate his poker buddy Albert Fall for secretary of the interior: Fall's top priority was to "privatize" government land for commercial development. Fall would grant leases to Harding's biggest campaign contributors, allowing them to drill for oil on federally controlled lands. The richest prize was the now-infamous Teapot Dome in Wyoming, which Fall leased to oil baron Ed Doheny. Of course, Fall took his cut, receiving large bribes from oilmen like Doheny and Harry Sinclair, and McCartney doggedly follows the money trail. His thorough account of this massive scandal makes gripping reading -- and reminds us of the perpetually corrosive effects that money has on the political system. --Chuck Leddy

Product Details

ISBN-13: 9780812973372
Publisher: Random House Publishing Group
Publication date: 1/13/2009
Edition description: Reprint
Pages: 384
Sales rank: 452,648
Product dimensions: 5.22 (w) x 7.94 (h) x 0.85 (d)

Meet the Author

Laton McCartney is the author of the national bestseller Friends in High Places: The Bechtel Story–The Most Secret Corporation and How It Engineered the World and Across the Great Divide: Robert Stuart and the Discovery of the Oregon Trail. McCartney has written extensively on business, finance, and politics for many national magazines. He and his wife, Nancy, divide their time between Wyoming and New York.

Author's Note XIII

Harding

1 A Reversal of Fortune 3

2 Breakfast of Champions 8

3 Convention 14

4 The Prize 27

5 A Star of a Fellow 31

6 The Front Porch Campaign 36

7 The Campaign Trail 45

8 Friends of Jake Hamon 52

9 Acquittal 57

10 Fatal Distractions 60

11 Trouble Ahead 65

12 The Ohio Gang 69

13 Rockefeller of the West 74

14 Back in the Day 78

15 Power Grab 84

16 Sure Thing 89

17 Black Bag 93

18 All Roads Lead to Three Rivers 100

19 Unfinished Business 105

20 A Dog's Breakfast 113

21 The Best-Laid Plans 119

22 Napoleon and the Dutchman 123

23 Summer of Their Discontent 130

24 Shakedown 135

25 The Unraveling 142

26 Departure 145

The Investigation

27 Coolidge 155

28 Getting Ready 160

29 Two Masters 164

30 Opening Rounds 169

31 The Crusader 177

32 The Crack-up 180

33 The Palm Beach Story 187

34 True Confessions 196

35 Damage Control 206

36 The Conspiracy 216

37 The Redhead, The Radical, and the Attorney General 229

38 State of Denial 237

Continental Trading

39 The Unseen Hand 259

40 A Bribe as Big as the Ritz 262

41 The Link 266

42 Above the Law 269

43 Dirty Bonds, Clean Cash 274

44 Andy 277

45 Forty-Eight Hours 281

46 Acquittal, Revelation 286

47 Rich Man's Justice 289

Reckonings

48 Robert Stewart 295

49 Harry Sinclair 300

50 Ned Doheny 304

51 Albert Fall 311

52 Edward L. Doheny 314

53 Thomas J. Walsh 316

Acknowledgments 321

Notes 323

Bibliography 335

Index 339

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Posted January 29, 2009

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It's About The Oil

The idea that Republican oilmen would collude with Republican politicians to corruptly enrich themselves may seem far-fetched, but it actually happened during the administration of Warren G. Harding and was partially covered up by his successor Calvin Coolidge. The Teapot Dome Scandal is Laton McCartney's effort to bring this scandal to modern eyes to contemplate the wickedness of men and the fortunes of politicians. His very readable account may have one or two details too many, but the story is well-told and worth reading. Who knows...it could happen again.

1 out of 1 people found this review helpful.
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Anonymous

Posted November 7, 2008

The only true book out there for the Harding administration!

I'm a presidential junkie and I've always wanted to learn a little bit about every president. When I reached presidents like Zachary Taylor, Andrew Johnson, or Warren Harding, there really isn't much of a selection. This book gave great insight to the greatest political scandal to hit Washington before Watergate. The information provided was excellent. There were moments in the book where the reader could become lost. I'm a young reader and got lost in the financial aspect of the story. But, you eventually find a way to work around it and understand the main idea of the event. McCartney, keep going with books like this!
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Anonymous

Posted March 10, 2008

Teapot Dome: the scandal that's tough to match

Hardened by Watergate and Whitewater, today¿s casual political observer might think resurrecting a political scandal from the 1920s akin to entering a Model-T in the Daytona 500. -- But in this book, Laton McCartney dusts off subplots of corporate greed, bribery, sexual dalliance, official malfeasance, suicide and murder so far reaching that Monica Lewinsky¿s dress looks like yesterday¿s laundry. -- Teapot Dome was a rock formation in Wyoming that lent its name to federal-owned oil reserves. The navy controlled the reserves, but at the end of World War I America¿s oil barons coveted the deposits to meet the country¿s nascent gas-guzzling habits. -- The pivotal figure in the scandal, Albert B. Fall, became Warren Harding¿s Interior Secretary and the only man convicted in the scandal. As an upstart rancher and lawyer in territorial New Mexico, Fall met wildcatter Edward Doheny, who in 1921 paid the ¿loan¿ that led to Fall¿s conviction. -- While McCartney gives short shrift to how these formative years fueled Fall¿s determination to exploit federal holdings, he does put Fall¿s acts on the national political stage. -- The author inventories the Teapot carnage in a way few historians have: six deaths including Harding¿s in 1923, William McAdoo¿s moribund presidential bid in 1924, resignation of two cabinet secretaries, the criminal pursuits of powerful businessmen, millions of dollars in ill-gotten gains and scores of sexual trysts, including Harding¿s own legendary promiscuity. --Other Teapot accounts focused on the payments Doheny and fellow oilman Harry Ford Sinclair made to Fall. McCartney instead starts with how Jake Hamon, the ¿oil king of Oklahoma,¿ bought votes for Harding at the 1920 Republican convention. Hamon was tapped to be Harding¿s Interior Secretary, where he could control the coveted oil reserves. --Here McCartney delves into the juicy details that seemed to escape other historians. Hamon had left his wife for a younger woman, but had to break it off to pass muster with his wife¿s cousin, First Lady-to-be Florence Harding. When Hamon rendezvoused with his concubine to pay her off, she shot him. He didn¿t give her up, but he died five days later and she took his buyout to Mexico. Enter Fall, who had befriended Harding when they were in the Senate. -- Key in the scandal was Sinclair's scheme to launder oil gains by investing in government bonds. McCartney methodically dissects this complicated organization, matching Burl Noggle¿s reporting in his seminal 1962 work ¿Teapot Dome: Oil and Politics in the 1920s.¿ -- McCartney goes one better, however, by breathing life into the characters such as Hamon and their duplicitous subplots. His tale has a cloak-and-dagger edge unique in the annals of the Teapot Dome.
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Teapot Dome Scandal: How Big Oil Bought the Harding White House and Tried to Steal the Country

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It's About The Oil

The only true book out there for the Harding administration!

Teapot Dome: the scandal that's tough to match