Word: oil
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Dates: during 1930-1939
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...study the faces of Francis W. Rickett and Bernard E. Smith (see cuts) is to study two of the world's best poker faces. These famed international operators in oil, gold mines, concessions of all sorts, shaky currencies and everything of a speculative and spectacular nature last week were big news in Mexico City...
...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...
...Addis Ababa smart Emperor Haile Selassie sold to Francis W. Rickett a concession covering oil exploitation rights in almost the whole kingdom. This Mr. Rickett offered in a quick turnover to Standard Vacuum Oil Co., and at the time many Europeans believed this deal (which ultimately fell through) would draw the U. S. into protecting the owners of the concession, thus barring Benito Mussolini from conquering...
Boat. Having already promised to make "indemnification for all the losses" sustained when Japanese bombing planes sank the U. S. gunboat Panay, proceeding up the Yangtze with a convoy of three Standard Oil tankers last December 12, Japan last week received an itemized bill from U. S. Ambassador Joseph C. Grew in Tokyo. Property losses were put at $1,945,670.01, indemnification for death and personal injuries at $268,337.35. On the total of $2,214,007.36, which includes no punitive damages, the State Department expected prompt payment...
Most citizens of East Texas look on the Connally "Hot Oil" Act of 1935 (which makes it a Federal offense to ship in interstate commerce more oil than the quotas set up by the Texas Railroad Commission) with the same sort of amused tolerance with which they once looked on the 18th Amendment. Millions of barrels of hot oil have been pumped out of the ground, and numerous minor employes of small companies have been indicted. But the startling fact is that no oil man who maintained his innocence has been tried for violation of the Connally...