Word: oils
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Dates: during 1930-1939
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Vice President & Director Henry Dundas of Standard Vacuum Oil (a subsidiary jointly owned by Socony-Vacuum and Standard of New Jersey to handle much of their foreign business): There is absolutely no truth that we are involved in this undertaking...
...State Department reopened on Tuesday snowy-crested Secretary Hull called in Washington correspondents to tell them that he still did not know who was behind Promoter Rickett. Few minutes earlier, unknown to Mr. Hull, Vice President Dundas and his chief, Board Chairman George S. Walden of Standard Vacuum Oil, had sent in their cards to Chief Wallace Murray of the State Department's Division of Near Eastern African Affairs. In his shirtsleeves, Diplomat Murray was fingering a pencil and thinking to himself as he looked out the window that in Ethiopia it must be raining too. Putting on his coat...
Poker-faced, Diplomat Murray heard the unhappy oilmen out. After they left he dashed to Secretary Hull, who suggested that Standard Oil return at 3 p. m. Sharp at 3, the oilmen and Diplomat Murray were closeted with stiff, didactic Dr. Stanley Hornbeck, Chief of the Division of Far Eastern Affairs. Dr. Hornbeck soon went downstairs to tell Secretary Hull that Standard Oil had arrived, the actual introduction of Messrs. Walden & Dundas being made by Near East Chief Murray...
That evening at 6 p.m. Secretary Hull had correspondents into his private office to announce that Standard Oil was, after all, at the bottom of the Ethiopian woodpile. Obviously indignant, Secretary Hull declared: "The granting of this concession has been the cause of great embarrassment, not only to this Government but to other governments who are making strenuous and sincere efforts for the preservation of peace. . . . It [is] highly desirable that the necessary steps should be taken at the earliest possible moment to terminate the concession...
...Francis M. Rickett of London approached us on the possibilities of negotiating on our behalf a petroleum exploration and development agreement with the Kingdom of Ethiopia. After considerable discussion with Mr. Rickett, it seemed probable that he might be able to secure a concession, whereupon the Standard Vacuum Oil Company organized a corporation in Delaware known as the African Exploration & Development Corporation . . . to acquire such concession when granted...