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...Secretary Hull's statement has not impaired the concession. I have the contract signed, sealed and delivered between Emperor Haile Selassie and myself for 75 years?and I have five years in which to find capital to exploit the concession. I can assure you it will be worked...

Author: /time Magazine | Title: INTERNATIONAL: Odor of Oil (Cond'd) | 9/16/1935 | See Source »

With Britain showing the cleanest possible diplomatic hands this week, with Standard Oil the butt of slashing attacks by New Deal newspapers, and with Ethiopia's Emperor soured on the U. S., alert London financiers called conditions ripe for Promoter Rickett to obtain his vast concession afresh for British interests if Standard Oil really does not want...

Author: /time Magazine | Title: INTERNATIONAL: Odor of Oil (Cond'd) | 9/16/1935 | See Source »

With two of its officials publicly spanked in Washington and others higher up caught in telling the kind of technical lies which few Big Businessmen consider reprehensible when dealing with the Press, Standard Oil last week might well consider itself through with an unfortunate international episode. Unlike Ethiopia's Emperor, it never really expected President Roosevelt to defend its concession with U. S. arms. Like every great oil company, it has scores of concessions and near-concessions on its hooks, plays them close to the chest, dropping one trick here, taking another there. Last week it dropped a trick...

Author: /time Magazine | Title: INTERNATIONAL: Odor of Oil (Cond'd) | 9/16/1935 | See Source »

...Rome the Dictator's Press called this Politis decision ''virtually an Italian triumph." In Addis Ababa the Emperor's newsorgan termed it "substantially a victory for Ethiopia...

Author: /time Magazine | Title: THE LEAGUE: Radiant Rainbow | 9/16/1935 | See Source »

Glory & Mandate? Under this formula Italy's Armies could achieve some of the glory Benito Mussolini seems to want, for the savage Ethiopians would not take Civilization lying down. On the other hand this form of League "mandate" to Italy would cut off Ethiopia's Emperor from all help by the Great Powers and should, so Geneva statesmen said, "shorten the war." This they felt would be something gained, adding that the League would also have "localized the conflict outside of Europe...

Author: /time Magazine | Title: THE LEAGUE: Radiant Rainbow | 9/16/1935 | See Source »

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