Yep geeks, this was apparently published in the Sunday, October 13, 1912 edition of The Salt Lake Tribune, so it must be true!

The Giant All-Seeing Eyeball was hoisted high in the Tribune, given supposed life by the very highly capable astronomer W.W. Campbell (1862-1930, with his biography here at the National Academy of Science), who is quoted by the paper as being the source of this preposterous theory. Campbell was not pleased by this–not at all. And I can well imagine why.

[Read more about this theory here: Ptak Science Books | Via IHC]