Word: expropriationism
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The companies have never revealed either their cash investments or their own valuation of their ex-properties. Mexican estimates for all the expropriated fields (about 40% U.S.-owned, 60% British) have ranged from $23,000,000 (after expropriation) to $500,000,000 (before). But if by any chance experts could...
So last week Jersey Standard's tough president, William S. Parish, spokesman for all of the U.S. companies, answered Cordell Hull's proposal with a flat No. He recalled that Mr. Hull himself had insisted, as recently as last year, that expropriation amounted to outright confiscation unless "adequate...
Mexico and Great Britain, both good friends of the U.S., have not spoken to each other since Britain broke off diplomatic relations in protest against Mexico's expropriation of oil properties in 1938. Last week Sir Richard Clifford Tute, onetime Chief Justice of the Bahamas, arrived in Veracruz from...
The State Department was discreetly and mysteriously silent about this reported accord. But that some such agreement must be made was amply clear, if Mexico and the U.S. are to continue working together on defense. Mexico's economy has suffered considerably since the war cut off her European markets...
Day before the student outbreak was the time for riots, if there were to be any. That day was the third anniversary of Mexico's expropriation of foreign-owned oil properties, celebrated in Mexico as a national holiday. Usually an excuse for demonstrations against Yankee imperialism, the day passed...