The Mena weekly star., 1913-07-10
NKERS CONTROL MEXICAN OIL
.oliuo Biz Loan to Huerta
 Ir0ment. Foreign Capitalists in Position to Start Fight
 standard Oil Company.

:. ;,, Position to Start Fight .0 standard Oil Company. ], York. July i.-Startling in- kocts of Mexican iinanclerlng | last days of May, just dis I here. have caused a pro- 1 sensation in banking and 8orcial circles. The sensation Ho wherever the trust status Ip sloO,OOO,OOO affair, with its I tbing" three and one-fourth sp dollars banking rake-otf, equally sure thing sev- Ihnndred dollar commercial ,hg, has been laid bare.
 \ banking matter is, in fact, a. 1cpion in Mexican oil-oil in \ magnitude of production as aorId has never known and sbly will never know again |sw gushing from half a thou ,alIs not 300 miles beyond the I border. oil pounding at the 4,bich hold it back; oil ready |eb from 5000 wells the year ;ng and three years hence #O 0oO wells at a hundred bar Pach day, gushing a million
 a day. oirs the thing that brought onev for Mexico's treasury, |zless of Washington's attitude. million barrels in this years
 with lO,OO0,000 barrels for lack of carriage and i0,-
 barrels used in local con- on in Mexico for fuel, lu- on and light.
 S2OO.OOO,OOO Annually.
 tv million barrels of crude E hum gushing from the ground virgin field! Next year i25,-
 barrels, The year after loco barrcls-half the worlds
 output-and following close Her the running broad jump 4|r re than a million barrels Sundays. holidays, unceaslng, MO00 Do iO0.0O0,000 barrels a Nor.h from % 10 so cents a
 staggering total of na- # bounty largely concentrated
 privileged hands by the tupeudous coup of this cen
 coup exploiting MeNico's H to a hupuess of eXaction not .Ho attempted with any other M within the memory of man. |3 greatest secrecy has been IAined regarding this underly- 5H element in what hitherto has aubhshcd as a purely financial #between eminent bankers of Eprk and Europe and MeXico's E alnent. But the mystery of &ancing was too profound to s buried That Mexico, shat E bnd Shieyered. could borrow. < iermauy'> loan failed: when paper of cities. states Operation, of splendid credit N jn the market without takers |sk keemed miraculous to the mil and to short-sighted |earelesS public. Stranded. ap- 'lE y helpless, Mexico. with " y government under Uncle E froWn, refunding a hundred |1E ES for ten years in a money " that took no chances What ? answer?
 Control Worlds Output. W now the answer is known.
 e years war between the Eagle Oil Company Lord HE y and the Waters-PieFce H Hppany has been settled. The
 s CoWdray concession for ng m Mexico, obtained from Priirio DlaL government- lons of ntalculable value,
 y revolution in Mexico from
 threatened cancellation -uorau.eed by President
 and form the broad base
 ncn CoWdray, II. Clay Pierce
 Bo.a>childS are building
 Peat organization for battle
 e Standard Oil for supre-
 Il lhe oIl business of the
 macy in Mexico oil carries
 nee oI power in the worlds
 pm trade. The accessibility
 60 as a source of supply of
 steamers on either coast
 lNe good and sufficient for
 concert in floating MeXi-
 eFnIneni-at a price: ineen-
 Ior Lord Cowdray and H.
 rec to bury the hatchet and
 Il to solid business against
 mon cnemy-Standard Oil.
 idfd bargain with President
 was quickly struck. No
 as too high for Huerta to
 'ne chance to live-for the
 iol or getting back at Uncle
 holding up his schemes.
 lour and one-half per
 I'eS were refunded with
 ',On relerses the last flnan-
 niade by Jose Yves Liman-
 ule Porllrio Diaz govern
 b iug bankers have agreed to
 ,oo o.y-nne and one-half for
 OouOO'00 of bonds, includ- zno,,sm sS sum for refunding bonds
 po,. oaller sum to meet expenses
 oVernment.
 '''l Dozen Klondikes.
 "as great discovery in