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...their oil proration laws the industry would do it, that if the industry would not do it, Texas Co. would. A few days later the Texas Railroad Commission upped the production allowance of the vast East Texas oil field from 400,000 bbl. to approximately twice as much. A prompt wire from Mr. Holmes reduced oil prices in that field from 50? to 10? per bbl., producing anger and consternation in Texas. Presently Mr. Holmes told his stockholders at their annual meeting that ''we have never been losing more money than now." Presently he was succeeded as president...

Author: /time Magazine | Title: Business: Anarchy in Oil | 5/15/1933 | See Source »

...Cuban students as a class are powerless to overthrow the Machado autocracy and it is suicidal for them to continue their terroristic reprisals. To effect the proper change and to guarantee the Cubans their own independence demands the prompt intervention of the American government. In 1929 when the sugar interests were snubbed by the acting Cuban regime, the U.S. Marines went storming down to protect the American interests, and in the present case, when deeper principles are a stake, there is every reason that the American government should once more take definite action...

Author: NO WRITER ATTRIBUTED | Title: CUBAN IMBROCLIO | 4/17/1933 | See Source »

...Among the preliminary steps to be taken is the speeding up of the study of the Hearst newspapers to permit prompt reply to anti-French attacks...

Author: /time Magazine | Title: FRANCE: Some Simple Truths | 4/17/1933 | See Source »

...things, were none too quick in detecting and suppressing the traffic. Recently, however, the Bulgarian authorities have proved themselves alert and effective in suppressing the traffic, as is indicated by the bulletin issued by the U. S. Department of State, issued Feb. 23, 1933 which says in part: "The prompt action of the Bulgarian authorities in this matter, evidence as it is of their desire to cooperate in the international effort to suppress the abuse of narcotic drugs, is particularly pleasing to the United States, for as is well known, this country is one of the principal victims...

Author: /time Magazine | Title: Letters, Apr. 17, 1933 | 4/17/1933 | See Source »

...grievous error. Ignorant TIME will learn with surprise that the photograph is that of the Yuvarajah of Mysore (heir-apparent). The Maharajah himself has never gone to Europe or America, is a devout, god-fearing and good man. He visited the sacred spots on the Himalaya in 1931. A prompt retraction will, it is hoped, follow...

Author: /time Magazine | Title: Letters, Apr. 10, 1933 | 4/10/1933 | See Source »

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