Oil Aftermath

Secretary of the Treasury Mellon last winter told the Senators who investigated the transactions of the Continental Trading Co. that he knew five years ago of a strange political contribution of that company's most conspicuous figure, Harry Ford Sinclair. Last week, Secretary Mellon notified the Senate, in response to a query, that, as a result of Senate investigations, Harry Ford Sinclair and his three friends--Col. Robert W. Stewart of the Standard Oil Co. of Indiana, Harry M. Blackmer (fugitive from justice) and James E. O'Neil (fugitive from justice), all of whom participated in the Continental Trading Co.'s big deal--would be made to pay penalties for evasion of taxes on Continental profits. It was "not compatible with public interest" to say how much the belated penalties would be. Treasury investigations were afoot.