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j)OiaI iuetin of the. 7, - 1d Oo=litteo of the .4:' , odorLl 7,:eservo Board hold in the office of the Board on Tuesaay, June at dresidlng, • 1,4.r. 1 Doheny, and Lr. Prosert LL1.60: re' resuntin the Huas ooa 2etrclu-am Comdany.• 7.hony made a L:eneral statement as to the need of his company for in the Tamdico oil district. Hu ased that all oil droducers be•permitted to receive 1.O-1: of the value of the oil in cold for export to Dohony stted that conditions in the Ta::,dice district had •.rotn moro and more difficult for a Ion; no dast. .no dromi= on oven at that it 7.:Ls iJ .vas nov, very hit-h and difficult to obtain any. Probably - .- .ould run about 20,"; to .2b , at ti:lus. this dremiu::, The money brelwrs knoa that the 7uaoteca 2otroieum Company roi-uired c;old and they v,ollid force the 2romium up at times of necessity aoco:!din7ly. hr. *2ohony statt.d tilat tho droaent --Ir-uncy of the di:ficulty :act that a,;Itatiol. amonl; au due to the worlmen at tho oil field had led thu latter to doN,and to be oald in L,old 1I6 coin instead of in ;lulu:lean money. The agitation vas probably carried on with German funds but was also partly Socialism of origin. Unleus he could get gold to convince the zorkmen of his good faith he did not think that it would be possible to continue operation of the wells. Such operation, however, was absolutely essential because both the American and Lllied i7avios were dependini: more and more upon fuel oil for the operation of ships. Fuel oil was now being placed at their disposal in a satisfactory quantity but if the Tampico field were unavailable the domestic supply in tho United states would be entirely inadequate. It was therefore essential to have the petroleum wells in Tampico constantly operated but he believed this could not be done unless he could obtain gold. 1.fter further discussion the pendinu application of the Huasteca Petroleum Company (Yo.216G4 for ,A1,oW gold to Lexie° was granted insofar as the company determines that it is necessary. Letter sent to state Dept. At 5 2.L., the Committee adjourned. APPEOVED: Chairman.
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