Word: oil
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Dates: during 1930-1939
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...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...
...Manhattan, latest reports were that 25,000,000 barrels of Mexican oil are what friends of Rickett & Smith want to buy, below the world price of oil. And from this purchase the Mexican Government would get some of the quick cash it needs to keep going, make first compensation payments, and thus have a chance of getting the U. S. Treasury to resume the silver purchases from Mexico, canceled after the oil expropriation (TIME, April...
Henry Morrison Flagler, son of an impoverished Presbyterian minister in upstate New York, organized Standard Oil Co., left John D. Rockefeller to run it and retired to Florida in 1883 with ever mounting millions in profits. These he proceeded to invest in building Florida hotels (one with 13 miles of corridors), towns, railroads. One of his dreams was to connect Key West with the mainland. He declared he would die in peace once his railroad stretched over the 140 miles of coral reefs to the most southerly U. S. city. Seven years, some 200 lives...
...When 30 high officers and 16 major oil firms were convicted in Madison, Wis. last January of violating the Sherman Anti-Trust Act, Federal Judge Patrick Thomas Stone withheld sentence pending motions for a new trial. Last week, he listened to an argument that the jury's verdict should be set aside because the jurors deliberated the complex case only seven hours, which was not enough time to give each defendant the individual consideration specifically ordered by Judge Stone. Meanwhile, in Washington, a Senate committee, studying a bill to require separation of marketing petroleum from producing, refining and transporting...