Show I 5 4 I t S. S Washington D. D C C. C V U. U S. BRITISH OIL ACCORD This column it should be noted in advance is likely to be dull dun But if it you are interested in keeping your son or husband out of another war it should be important The United States and Gre Great t Britain Britain Brit Brit- am ain are arc just concluding the first agreement aimed to remove the danger of war an war an agreement on oil Oil is one of the most ticklish economic economic eco ceo subjects in the world Oil is what makes a nations nation's battleships move runs the automobiles sends I the planes into the air in air in fact spells I the difference between a nation of I 1 strength or a nation which must bow To fo the whims of others The present oil agreement seeks to settIe settle set set- settie tIe tle the battle for oil eliminate one important cause of war war The l last st war was scarcely over when Great Britain began maneuvering maneuvering maneu maneu- vering to corner the oil supplies of the world British leaders were quite fr bout it it United States Protests Finding itself in this position the United States government jumped into the battle for oil with vigor The secretary of state Charles Evans Hughes wrote a series of blunt faced bare-faced notes to the British wanting wanting wanting want want- ing to know why they barred American Ameri Amen can oil companies from Palestine since Palestine was not British but merely mandated to the British bythe by bythe bythe the League Meanwhile the British though barring the U. U S. S from their areas of interest quietly invaded ours They turned up with concessions in Colombia not far from the Panama Canal Even in Panama proper a British mining gold-mining company staked out a huge and suspicious claim in inan inan inan an area wh where re no gold was known to toI exist I I History Begins to Repeat In World War Var II history at first began to repeat The five senators who toured the world war fronts came back with the story of how the USA U.S.A. was rapidly depleting her oil reserves while the British were hoarding theirs They told how the British were trying to keep us from further developing oil resources in Arabia how the British had a refinery refinery refinery re re- re- re finery on the Gulf of Persia 50 percent percent per percent cent idle while we shipped oil clear across the Atlantic to British armies in the Near East I Yes it looked as if history would repeat On last April 29 however representatives representatives rep rep- of or the British and American governments negotiated ed an informal understanding aimed to eliminate the oil battles batties battles bat bat- ties of the future It was an excellent excellent excellent ex ex- ex- ex sighted far-sighted agreement And during the last two weeks in Washington Lord Beaverbrook ook and his associates have been negotiating negotiating negotiating ne ne- ne- ne with Secretaries Ickes and Hull to make this informal oil agreement formal and bind bind- ing This time the British have been far more cooperative and sighted far-sighted than In 1919 with one possible exception After U. U S.-British S. experts laid their excellent April 29 ground groundwork groundwork groundwork work Lord Beaverbrook kicked over the traces at some things and he seems to be keeping a amore amore amore more watchful eye on the interests interests interests inter inter- ests of the empire than on a fair future peace For instance he has been insisting that Britain Britain Brit Brit- am ain have the right to ban the sale of U. U S. S oil in England despite despite despite de de- de- de spite the fact that British Shell sells in this country However the basic agreement is truly encouraging encouraging encouraging en en- when n it comes to future future fu fu- fu- fu ture peace Provisions of Agreement It provides first That petroleum shall be available in international trade to the he nationals of all peace- peace loving countries in n adequate volume at fair prices and on an equitable and non-discriminatory non basis This means that if the USA U.S.A. runs out of oil or vice versa it is up to Britain to help supply us unless unless un un- un- un less for example one or the other attempts to conquer Ethiopia as Mussolini Mus Mus- did and the world peace ma chinery countries attempt to cut off their oil as the League tried to do to Italy but because of pressure from the big companies could not do I I I I The agreement also gives equal opportunity for acquisition development development de etc in areas under con con- cession This eliminates cutthroat rivalry for new fields Each nation is to respect the valid concessions of the other and its citizens Finally and very important exI ex cx development operation of refineries and distribution shall notI not be hampered by restrictions imposed by either r government or its nation- nation als MERRY ROUND Y ROUND GO ID CI Cautious Mr l Turk-If Turk you ou want the real down lowdown low on why the Turks finally broke with Germany because it was Hitler had moved troops out of Bulgaria opposite just just opposite I Turkey After that the Turks weren't afraid of being attacked With Sweden and Switzerland both closed to Hitler Hit Hit- ler for escape his few havens are which Japan remaining wont won't last long and long ong been Argentina rumored that It Sf has the Nazi top men were building serves in Argent Argentina up P cash h reserves reserves re re- |