The Courier News from Blytheville, Arkansas on March 29, 1938 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

Blytheville, Arkansas
Issue Date:
Tuesday, March 29, 1938
Page 3
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TUESDAY, MARCH 29, 11)38 "OIL SEIZURES BLYTHEVILLE (ARK.) COUUIKR NEWS Confiscate Foreign "Black Gold" Properties Expropriation In Mexico Will Cost American! Finns $200,000,0.00 lly NEA Service MEXICAN oil has been more or less of an international headache for more than "20 years. Willi the government moving rapidly lo 'i.'ike over American oil propel lips •^•aml Interests valued at around S200.000.0CO, H crisis has been produced which is the latest of a long series centered on the rich Mexican oil fields. American oil interests in Mexico, considerably less valuable than British, have been decreasing for more than a decade, lint they are still extensive. Three great American companies, Standard of New Jersey, Standard of California, and Sinclair, have interests In nearly 5,000,000 .lores of Mexican oil Inmls, miU maintain refineries, pipe lines, storage tanks, railroads mid other equipment. Ttiey arc the survivors of many companies which crowded Into Mexico from the United Slates when the oil boom came to that country 25 years ago. American Discoveries The Mexican oil fields were discovered, for practical purposes, by Americans. In 1900, E. L. Dohcny and Charles A. Canfield : began exploration, and blew in their first practical well in 1904, near Tampico. Lord Cowdray and Ills Dutch Shell Interests were close on their f heels. The present phase of the prob- x lem began in ion when a new constitution was adopted by Mexico declaring for the nationalization of petroleum resources. The World War had dislocated world oil markets by withdrawing the Russian Jlelrts from production, and the rush for oil that followed flie war boosted the importance of the Mexican fields until at one time they were producing 25 per cent of the world supply. "Black Gold" There was a rush for Mexican oil lands and concessions. There was violence, and ninny u "rags to riches" tale. Tampico grew from .1 row of mud Inits on the Gulf to a prosperous "boom town"; around 1921-1922 it was one of the maddest whirlgigs in the world. T^jere wqj^blg' money lo be had, and^sometifife; it was not' without infiujmcc sii'ltrA-'rapicI changes Iii gove^nmejttViV/hich became a . byword in {tie United States as ^/ "Mexican Revolutions." But always the basic principles of the popular revolution of 1911 when Madero displaced Diaz, kept impressing themselves by popular demand on successive presidents. Beginning with 1911 and the'new constitution, the noose began to tighten around foreign oil and other interests, and it has been tightening by fits and starts 'ever since. In 1024 and again in 1927 confiscation was Imminently expected under Olircgon and calles, but negotiations arrived at compromises. No More "Cream" Mexican labor, growing more aggressive and better organized, kept making higher and higher demands, taxes mounted. While the fields were still profitable, the cream of the "old clays" under Diaz was off. In 1928 Ambassador Morrow ar- t . ranged with President Calles a set' "Moment of the difficulties. This, generally speaking, guaranteed to pre-1917 operators the properties developed up to then, and conceded close government supervision over those developed since. But President Cardenas succeeded Calles. the country swung still farther leftward, union workers' demands grew more peremptory. Cardenas claimed goernment royalties on all oil lands, whether public or privale, whether prc or post- 1917. A long series of strikes nnd la- "bor disputes culminated in -the present policy of the Mexican government to lake over the holdings, promising later Indemnity, and operating them as a government enterprise. One of the difficulties facing (he Mexican government, now that it is obtaining the oil, is how to find a market for it. One proposal nl- ^ ready made is to extend westward ~ to the 'Pacific coast a pipe line now leading from the oil fields to Mexico City. This would give Japan an opportunity to purchase Mexican oil without sending her ships through the Panama Canal. What U. S. Interests Own The principal American interests are those of Pan-American Foreign Corporation, controlled by Standard ol New Jersey. Through a long list of subsidiaries like Hnasteca Petroleum Co., Mexican Petroleum Co., Tuxpan Petroleum Co Cia Fetrolera Ullscs, and several others. Standard has (or had, one can not be sure at the moment) extensive Mexican properties. They Include 1,400.000 acres owned or leased in the Tampico area It operates 75D miles of pipe line a refinery at Tampico. storage-tanks at Vera Cruz, 65 miles of railroad, ' ,.y-pumping stations, shops, ware- i ^A'owses, and an extensive distrlbut-1 ing system. I Continental Oil In Mexico, the Harry Sinclair (Consolidated) Interest which had Us origin in Marland Oil, controls 100,000 acres near .Vera Cruz, nnd lias a railroad 8m) Wild scenes such as that pictured above in the c ipital were staged hi cities and towns nil over tin, nation after President Cardenas announced the decree expropriating all foreign-owned oil properties The crowds carried banners "/„„.(,,„ imperial*,,," and shouted exultant approvnl el She roll V.mnf lo'aie-slxlh oTlhc government action. More than 250.000 persons par;icipalid in Ihe ilemoiistrnlloii In Mexico City. PAGE THREE Directors oi S Organization Expect Satisfaction; Thank Donors and hardware, $101M5; for down sjiout. $75.12. sand mid t>nm>l for walk cost wr> 10; wmont for walk, $7. r >.25; :m .vmils of gmvi-1 for rond, $125; rnilrnutl swili'h, $255; tile fur rond ciwslnj;. $1!!,:>H; lalior lor u.nloaillni; mnvel. $21.20; frelfhl, $10. It cost f2!l;t.;l2 for buHilm' risk insurance; $80 for paving lax; Ji> lo rraml (lie it-use; $2 ( U nvout Ihe milt claim dml; $12 ;tn (or ii u - prlnllni! brlcl; sil.O'J lor olUT .iir^iT^frr-ii^H'^^i - ot «" ' raclory i liml Wlls suiimllU'tl to iliJ: . " '" Imltislrliil iisswliillon I "( a iiuTlttii; „( K S directors yesterday. Tin- report, which is complete in detail, slmws the liulldlUK to have been romMcil with no uii|iii- f. '.a II I I 1 onilth-niljjhcs 168111 tyins Number of Honors hi'iv: hurtlfiillure Juilging, Johnny Younu. .luck Jolnuoii. Miilcolm Fluke; iixronomy Judging, John Mick, J. K oiirley, MnU-ulm Flake' fni'Ji) shop, cimrJes Abboll nnd Jnck Johnson; limber cruising .1. I., Ciurloy unil Johnny Yoiin^. 4-11 Club News Nolos 'fill! llosiu'll •!-!! Cluh had tholr it'l'ular lil-inoiillily iiiei'llny l.'i'lduv Mill I'll I!,, »( Ihr Kchw,l lloltM.- llll'li llu- |irt'sl;li-n(, .Jamt'.s Ninslhi'lmn 1 '1'he M . Smith lliiiihes boys who | pKwIilliis. Tliert- wen- 'is mombm ........... Directors announced thin m " (lt ' »l> lrl(l Illyihevilli' Icmii wlih'h •"•i 1 highly pleased with tin-1 t(xjk I' 1 "I hi the dlslrlct Vwiiluuuil of tin- projecl, which wns Hindi. ixisstWu by t),,. conlrlbiillons of iiiun> (him 600 llrius nnd Individuals. More (han 9B |H'r cent ol nil (iledgi-s were collected In full und it, wns not necessary lo make suppli'iamlul calls npon'lhe public lor J mills ivllli whlrli to compli'lv the modern Ihrce-slory brli-k bllll'.lllll;. Tin- iissociallon's directors nlso aininimcrd that ihuy were well pli'ii.Md vvllh (he progress being "mile wllh Ihu Catloiy. which Is Mrs. 'W. C. Wells, Mrs. Coleman 3rews. Buddy Watson, and Sam Montgomery; Live stock—A. M. Clilli'sple and L. Sharp; Tractor Fuel—Colemnii Crews, W. M. American oil interests in Mexico, hard-lilt by the expropriation decree, are indicated on the map above. A network of pipe-lines carries most of the oil from (he fields' (o Tampico, where (ankers .'M'/h' 1 '' 1 Ior fore 'B'i shipment, A huge pipe-line transports oil from' Tampico City to Mexico City, and there are proposals to SivM 1 ' 1 ?" il west ""'I'south'to the Pacific coast'port'of Acapulco io' enable Japanese ships to pick up the oil without going Unou-li the Panama Canal, in northern Mexico.'seizure of American .tank cars at Juarez complicated an already tangled international situation. Chatham, Wick Hall; Jame.s H. Wooditrd. IMibl Icily-- The organization voted lo inert .he first Monday night, of oach The local chapter has !)2 . t- Ihv tost o; (he hulldliiK. mid with the number ot employes being tn- civnsi'tl as rapidly „„ (| le ability of the beginners to leurn Ihe work will iwrmlt. they snld. In making public ll.s report OH receipts and dlsbursi-menls. tin: iisMiriniiou voted in publicly remind the people of Dlylhcvlllu Unil the factory building Is (he properly of Ihe cltens of Illylhevllle imd (hem (o give Ihelr full contest .SiiUirday at Ji..H'sbor<i won a luimlu'r id lionurs. Two liumlriil und jilly buys from Ihe fto schools In Niirthoust Arknn- KIS ivlilrli have -Smith Hughes dc- imilim-nls wen; entered In (]„. competition. It WHS (In- Hist time IHvUii'VtlK- hiul wnn an honor in (his fimU'.sl shifi; 1SKI4. Thi) winner!! will i;o lo l'*iiyi'tti'vllh: April :>•! lor Ihu sluti' cJiilru. Kobliison, Inslruulur uf Ihii city h!i;h school uroiiji, plans Hi Hike M ol Ihe 01 buys he teachi's lo Kiiyulk'vllle for this meet. In Ihe diilry Judging cunli'sl the Hlytlic-vlllc.' teiun, made up uf u m . old l.loy<l, Kvi-ivtl UrnlK. and l-.u- BUIIU Hood svon ilrsl jjliicv, amnss- hiK 'J17 jiHluls mil el u po'wlblo 1000, J. L. timley nnd John Mick won plucu In (lie coltoi) cbisslinr inoinl support to (he fnclory, which mid members and have set their I is the first step, they declare, in soal at 200 for the year. 1 the new Indiislrlal life of Ihe c'om- 'Ihe Tractor Fuel Committee Is niiinlty. naklng u survey of the number! A vote of thanks Was taken to of tractors In Ibe community and: Hie citizenship of fJlytlievllle upon the approximate amount of fuel Iho wholehearted support' given the mil oil used per month. In an ct-1 imdi-rlaklng. fort to obtain u reduction in prir-l The detailed report shows (hat cs to (he members. . -"•—.— The Comity and Home Demon strallon Agents discussed ll>e Live at-ffome Program. $11,730.05 was thq, total collection For the (llsbursemenls, the Slkcs- ton Engineering Constru'cllmi coiii- i pany was paid $(12,400 for ll.s work , . Refreshments were served by, nnd mnlerinl.-;; the liciillnp plain, the Home Dciuanslrallon club wo- , cost $1,500 and the sprinkler sy.s- under the supervision of (he lem, $2.560; electric wivliiK J'JOO- Home Demonstration Agent and. Sturm Uros. Brldcc and Iron com- the Vocational Home Economics pnny,; date stone $15 aO' Instructor. i.atonc (rim. $180; coiicrety slab llnl]-M)--Thm"-\Vnrlil'<i l.luhtunt In a elose contest, tho Hvcslock iidBlng li'inii ol .liihnny Yoiiun. Thomas OitoDn. nnd llnrold Uoyil plnced tlihxl. The winning (eiim Jicon-d I7U.5 points, tlu> seuond plitco leiim scorod I'lO.l piilnls iind (he lllythevlllc tenm KCOIW! 170 points out of u possible WO.' Cflher U'^thevllli! IVIIIIIH wero: milk Jiidjjliijj, KilKi'iie Hood. Everotl CrnlK, Harold Lloyd; |X>nltry Jtidij- liiB, Jimii's Itoucrs, Ullly Mi'linrg. Miilcolm Plake; public lipwiklpg contest, Eugt'iic llond. He.sulls from (he foll<nvln ? con- sls have not yet been received WASH & OKKASK §l.()l) Wash, <iir:iM', i'wll'ili nml H. U. SCHMUCK "Uss'cr 1 S'diilnii Mulii iiinl Dlvhlon gnve tnlks on the track meet whlcli Is to be held at, the Gosiiell school. This cltil) has won five trophies' this year and are planning to win .niorit anil If they do, Greene Led- uuttcr, local leadej; will probably hnvo Hie job of iniiklii-; still another trojrtiy ciise (o display their •t-H Club troiihles In. Urllhh vislUirs to France number more limn a )m)f million annually. SEED We have on hand for sale or trade, fur other products. licara - Unvdo, Uolstii. Mammoth Hnnvii, Wilson ami Virginia Hro'.ui. I'viiii—whips and New Km. l.v.'i|ii'(li>xn —Korean. Cotton Kcm—U. 3\ K )i-/i „„(! Hloiii'vllti' 4-A. will sell for cnsh or tmtle ivltli you for , other kinds of beans or cotton Bced, L. R. Matthews Gin Co. 'I'd. ll-l'Xl, Yiirlirn, (.'uKoii, Cotfun h'oeil Arkansas & .Coal SAVINGS ALL * 1931 Chevrolet Coupe $99.00 Huns liooil—Cionil '['Ires '• 1935 Plymouth Sedan ft :.$199.0ft Cloud .Shape . . . Mo Tmde ' : 1937 G. M. C. % ton Pick-Up ...'.. $575.00 C'leiin, Low mlli>ti!ii>. Ill" Wheels. 1935 Chevrolet % ton truck $175.00 A Hni'ijiiln ' 1936 G. M. C. iy, ton Truck $395.00 I.OIIH W. 11. stnl;i! body. Ural buy. LEE MOTOR SALES, IDC. (J.M.C. Trucks Olilsmiibik'H :I07 K. Main Hull's und rhniic' ;i?.9 >\ ' •• _>^_> ^^^ >7^ " Of this current production, 97 per cent is produced by foreign interests. Of this, British interests Ichlefly McKicnn Eagle, or Dutch Shclll produced CO per cent, American firms, 37 per cent. Receiving the shouted approval of his expropriation decree from throngs in the street below. President Cardenas Is pictured above tiuring a speech from the palace balcony. He promised foreign companies would be reimbursed—later —for property confiscated. pipe line from the Alainn fields to Tu.xpan, Pcnn-Mex Fuel Co.. Is Its operating company. Standard of California, through Us Richmond Petroleum Co. of Mexico, owns (or owned) nearly a half-million acres. All companies and also Cities SeiTicc Transportation Co. and others, operate tanker fleets carrying Mexican oil from Gulf Coast ports. With smaller companies, American firms are believed to have had control of about 5,000,000 acres of oil lands. The seizure by the government of these lands began last year with expropriation of 350,000 acres from Richmond Petroleum in Tabasco. Campeche and Chiapas. Mexican oil produrUon is )iow around 40.000.000 barrels of crude a year, scarcely more than a fifth of the 1921 figure of 193,391,000. GRAND DADS Peaberry COFFEE Always Fresh Buy a Package Today Kciser Farm Bureau Meeting Well Attended Seventy-live members attended the reorganisation 'meeting of Ihe Keisc-r, local Farm Bureau held jointly with the Home Demonstration clubs of Hint community at Reiser recently. Charles n. Coleman, Osceola, was re-elected president of the chapter. Other olficers elected were: Coleman Crews, Osceola, Rt. 3, vice-president; ciicl H, P. Dunavanl, Reiser, secretary- treasurer. Mr. Coleman outlined the program for the coming year and appointed (he following committees: Finance— II. p. Dunavant W. H. Amos, and Kelly Gardner urogrnm—Clmries H. Colemnn WHEN YOU WANT: Quick Service be sure that you come to Phillips. Our staff of attendants Is trained to wait on you quickly OIK! always efficiently. Ifcal Mechanics are ready to put your cor in running shape again alter the hardest trips . . . you can be sure of real work with these efficient Low Prices always interest the man who has to be sure of always getting there! Our prices are as low ns possible without sacrificing high quality. COME TO— PHILLIPS MOTOR CO. 5th * Walnut rhone lit Mild ripe tobaccos..and pure cigarette paper .... these Chesterfield ingredients are the best a cigarette can have ,^' +\ / $$$Q*f,^ enjoy in Chesterfields .. the reason they give so many smokers more pleasure... is the full flavor and aroma of mild ripe home-grown and aromatic Turkish tobaccos, blended like no other cigarette, The Champagne cigarette paper used in making Chesterfields is pure . .. it burns without taste or odor... it's the best cigarette paper money can buy. .. .you'll find MORE PLEASURE in Chesterfield's milder better taste fit* rrita )$», Hain « Mmi Tswssa c*

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