Salt Lake Herald-Republican | 1918-09-01 | Page 25 | American Oil Companies Organize to Protect Big Interests in Mexico; Confiscatory Methods Threaten

I AN OIL OL COMPANIES ORGANIZE i TO PROTECT BIG INTER INTERESTS IN MEXICO I METHODS THREATEN t. t or organizing an association for tor tho the tHen cUon of ot their rights In Mexico l lean an oil ott 01 companies point out that do not object to tie the payment parent of oC taxes proposed b by the Mexican ament but to the tho cutting off of ot rights tights and tho the confiscation of ot property under tile the guise ulse of ot tax lays ora the Wall Wali Wal Street Journal Joural The Thet nt it t predicament of ot American cap- cap n elco arises from the tho attempt 1 Mexican government go to enforce tt of ot the Mexican constitution tin eln m Mexico Ielo claims alms all al the subsoil and this notwithstanding a article artcle In the same ame constitution 1 iJ appears appear to protect owners In proper property Lt Its lt program for tor putting Into Inlo effect I article artcle of ot Its Is 1 Carranza on February 19 10 const last j 1 la a. a t decree calling for Tor a rental c eat nt t ou 01 n oil 01 lands and le leased V V the filing tUnc D or vi a declara- declara giving the details of ut each com com- s Property This decree regarded Tere yere In it Its working has been beena CeO ed a six Ix times and ann each eaveS leau It In a l less ss acceptable cona con con- l it r As a result reuH of at all al these changes chanles V lean oilmen do not hot know where nd nd and nd consequent the new has hn been formed for tor their al a arote l protection rote ton matters io now exist time the American lies flies have decided to pay no R itt itt- t- t n to Carranza I decrees decre which i. i their property They agreed d to exhaust all al le legal al means their rights and and In accord- accord m In In in with wih tho the thu Mexican plan lan courts hare bave filed ted an apIn aP- aP case of ot ClO unsatisfactory results this course courie it IllI is not known what that dure woul bo be followed nd folo bu but t the de te have ot or the e I in In Inthe the b belief Het that that rights rights' of ot a an International Leter ter r which must b be protected Is state s department ten id In ln Washington going over r the thc The Tue 0 aton taza 1 State While hUe ll It I hns recognized ban ha not Ot ft article artcle 27 7 c n te y o American American the Can oil 01 comP companies were f terms and conditions of oC ofIn Mexican oil decree Would Uld find 01 lint ii In the lie tl a reUl and renouncing hl In properties r perte which the they i y the American tb oil co Ca ae 01 companies re are A u th the tha investment of ot tor dollars there thero and the crea- crea crea- crea ion lon of ot a 1 now wealth for Mexico and antI their acceptance of ot tho tile new decree and Its Is changes change the they contend would In It Itself itself it- it I. I rights self sel destroy destro their own All AU the prominent American oil oi companies com corn panics panle operating In Mexico are In Inn n agreement on these matters maters The They Include in include In- In clude elude tho the Mexican Petroleum company Texas Taxa company Sinclair and nd Standard Standard OIL OilI It I la is estimated that Americans own 00 90 I per iter er cent of o the known oil on lands of or Mexico BO so fO that tho the problem involved Is largely nn an American one HIG CLI hOUSE Sr Non New York Yerk Aug l The Te 1 t The 1 condition Ion of ot cli-arlo cli house hou tank banks and trait companion for tor forthe forthe tort the t e week Id eL shows bowl that they hold 0 In 11 ex- ex n. n r or of legAl TItle ll Is I a decrease of ot lows low front from last lul wee week ho Th the statement tel Iol- ACTUAL CONDITION Loans discounts t etc tc U. U 4 3 O Decrease In 10 own vault Members federal reserve banks a 95 3 Decrease t lanks nuU In federal reserve banks bauks of it member r banks bank 8 e. e 1 ID In own vaults vaults- State Stal banks bank sad aud trust companies fbi I In la depositaries depositaries- State Stat banks Sod trust companies Increase bank a P ant Irn TO c s Net t damsel l deposits deposit 3 3 Net rt time deposits l Decrease Circulation Decrease r. r 1010 Specie included a In Jn a and nd b xIU S. S deducted g Exert Excess 1 5 I reserve rc Decrease STATE T r. HANKS Summary of or state banks sail and trust companies In rn Greater New T l York not Included In clearing ln liUio u o statement I hOll l Loan It etc 5 D cre to flo Gold Goll lore c Currency and bank notes Doles Increase n t 89 t with reserve bask bank New lork k Decrease I Total deposit v O 0 n 14 C Banks Banks' cash In vault TuIL 1 40 Trust 11 companies companies' cash Ib lu In vault X J KANSAS S crt CIr GRAIN auti l on CI CI City ty u Aug ZU Curn 21 Corn September UZ October 10 IMil V Ills HIS ilS Did Old your our guest cat eat his dinner with wih gusto No 0 sir air he be took Worcestershire sauce cauco