Word: mexico
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Dates: during 1930-1939
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...supreme croupier is a state such as Mexico, which has just calmly raked in by expropriation $400,000,000 worth of oil properties owned by U. S. and British citizens (TIME, March 28). The game of oil must now be resumed in Mexico and, with such mulcted players as Standard Oil and Britain's Shell in a huff last week, there was a grand chance for Rickett & Smith to grab front seats at the Big Table before the wheel began to spin again. There ought to be bargains in Mexican oil today...
...stocks: "Sell 'em! Sell 'em! They're not worth anything!" Last week famed "Sell 'em Ben" Smith was close-mouthed as usual, but expansive Francis W. Rickett glowingly described his conference with General Lázaro Cárdenas, the "New Deal" President of Mexico. The issue, according to Briton Rickett, is whether the Fascist Dictators can be kept from hogging Mexican bargain oil and this precious fluid saved for the great Democracies. "My motives," announced Mr. Rickett, "are patriotic...
...Mexican Government, few days later, denied that President Cárdenas had actually made an oil deal with Messrs. Rickett & Smith as yet. Since they had already rushed by plane to Wall Street, it seemed probable they were contacting prospects, preparing to fly back to Mexico City for the signing of contracts later, if possible. The big question: Was this "hot oil"-that is, are the U. S. and Britain going to agree or disagree with the proclamation by which President Cárdenas laid down three weeks ago that it was right and legal for Mexican oil workers...
Decision on this question was up to Franklin Delano Roosevelt under the Monroe Doctrine, and last week the President quickly chose a formula on which the State Department instructed Ambassador Josephus Daniels to take his stand at Mexico City. The formula: Washington is not disposed to consider that the U. S. and British owners of the seized properties are entitled to compensation based upon their valuation. But Washington is disposed to invite payment by the Mexican Government of compensation based upon what the owners originally paid for the properties and their development, less depreciation...
...members of his Cabinet. The Mexican President did not confer with Josephus Daniels but read off a statement which the Ambassador said he thought constituted a diplomatic note. It was flashed to President Roosevelt at Warm Springs. "I am gratified to have thus formally received this important expression of Mexico's deep friendship for my country," read the Ambassador's statement, "I expressed this gratification to the President...