Show i H HOOVER RECEIVES OIl PROTEST Of j 3 JAn i DENVER JVE Colo April ApU 3 United Fr Tress Press Depreciation s Depreciation of the time an tin an labor of ot thousands of men and millions ins In Investments Investments' will i front from a a. rigid enforcement of thet the thet t 1 new e closure rule of tho interior doK do- do t K 1 p. p In the Rocky mountain res reg J-eglon J on President Hoover was told In Jn a petition received in Washington last night Upon order from rom Governor Go Adams ams t of Colorado Emerson of Wyoming arid and Bern Dern of Utah contents of th the ter were withheld until Jt it reached tho White House Tho rho picture sketched by the pov- pov I in the petition shows refineries I eries rles' of the three states running at half 1111 lf capacity as a result of a down down- downward 1 ward trend in production was said to be only about one-half one that of OC five S years ears ago There Is no danger of overproduction the executives executives tives stated and a ready market marketa a CAH cati n be found for all the petroleum faff If produced in this area t 0 A w great loss in revenues re to the theE E J I Rocky mountain states would result from enforcement of the new policy poly pol pol- y icy It was pointed out Eventual E result of enforcement of ot announced policies will bo mao material material ma ma- o tonal reduction in revenues accruing accruIng accruing ing to states for purposes of oC mains mains' maintaining maintaining main main- s' s tamping schools building highways i dev developing de eloping reclamation projects and andt t K contributing to other constructive i t undertakings tho the letter stated r This state of or affairs it was C pointed out would result from the t governments government's repudiation t if of f the thet t I leasing act of or 1920 which recognized recognized I a partnership between the tho I eta states es and the United States and I if ted ti from a n compromise compromiso of or c conk con con- nI n- n k f 1 tucuns Ie Ic lag InS Interests Tho The contracting contracting contract contract- ing inS states Mates under the new ruling woul would f be left without revenues rC I which otherwise would have havo been realized by taxation tho the Ic letter ter stated I |