Word: ricketts
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...when the Rickett concession suddenly flared in the U. S. headlines, oilmen of the firms that make the name of Rockefeller great had promptly said that of course they hired a British promoter to get oil rights from Ethiopia, that of course they set up a Delaware corporation to handle the details, and that of course they would do whatever President Roosevelt liked, things would have been much easier for them last week...
These categorical statements stood uncorrected over the long Labor-Day weekend. When the 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...
...more than 20 years [we] have been engaged in the petroleum business in Ethiopia. . . . Early this year Mr. 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...
...from the embarrassment of Peace Lovers when it was at first thought that British League of Nations Minister Anthony Eden would find himself reeking with the odor of oil when he rose in Geneva to carry the Italy-Ethiopia crisis onto a high moral plane. The fact that Promoter Rickett is British and at first said that part of his financial backing was British had made young Mr. Eden look out of character for a few days in his world-popular role as the Lindbergh of Diplomacy...
With Britain showing the cleanest possible diplomatic hands this week, with Standard Oil the butt of slashing attacks by New Deal newspapers, and with Ethiopia's Emperor soured on the U. S., alert London financiers called conditions ripe for Promoter Rickett to obtain his vast concession afresh for British interests if Standard Oil really does not want...