Word: petroleum
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Dates: during 1930-1939
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Quick was Oil Administrator Ickes to point out that this decision invalidated only one small section of the Recovery Act, authorizing the President to forbid shipments of "hot oil" in interstate commerce. It did not invalidate NRA codes, or even the Petroleum Code. Secretary Ickes prepared at once to shift his efforts to control production by using the oil code as his tool. He added however: "I imagine the code's constitutionality will be tested next...
...course of his attack on the Constitutionality of the Recovery Act, an attorney for two Texas oil companies had mentioned to the Supreme Court the case of four oilmen jailed for violating a supposed provision of the Petroleum Code. A trial court ruled the provision unconstitutional. The Department of Justice prepared to appeal the decision only to discover that the provision was no part of the land's law. By some oversight it had been left out of the revised copy signed by President Roosevelt though included in printed copies circulated by the Petroleum Administration (TIME...
...Interior and Agriculture. Last summer the American Bar Association estimated that in its first year NRA had forbidden some 5,000 business practices, written 10,000 pages of substantive law. Last week investigation disclosed that in 1934 NRA has issued 10.269 administrative orders, AAA more than 300, the Petroleum Administration...
Harvard Club of Houston, Texas. Inquire of Richard A. Stout, Secretary. Shell Petroleum Corporation, Houston, Texas...
...stability, Gulf's capital stock consists of 4,538,000 shares, of which 90% are owned by the House of Mellon. The Mellons started Gulf Oil in 1901 with Pennsylvania's James Guffey, uncle of U. S. Senator-elect Joseph Guffey. It was then called the J. M. Guffey Petroleum Co. Guffey Petroleum went into the red when its wells in the fabulous Texas Spindletop field turned to water. By 1913 the Mellons had built Gulf Oil into a dividend-paying property. By 1929 its net income had averaged $25,000,000 a year for nearly a decade...