The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-03-15
OIL MARKET QUOTATIONS..
Yesterdays Meeting.

usnrr,.ut. non. MOI control iS 90
he tha keynote ana spirit "i Inc pro
possd american Petroleum Ih"O-
ute" which there iS prI''l.duy ~"
doubt, VIII to organized nH the result
Of tho meeting held her" today Z"
ronsidrr the mhtltr.
on mcp@ from all parts ~ tho
country gand representing every
branch OF he industry who attended
the initial meeting az iho IlItih"i"
hotel Yesterday morning, were unahl-
nouN In tho opinion mat an "lEdhl'
v,tion. ouch ~ the one proposed, WhH
needed and should be immediately
effected.
II was polntcd out on all SIDES ihtt
tho rpirit Of good fellowship "hl'h
Waa created hS the patriotic rrsponHe
made by OIL men To demands ~ IN"
war should be porpetnhieh now ina!
peace has come, for the pufpoho ot
promoting the int'resta oi lhlH
great industry
we do not propose 20 ndjudieato
n, ,rou ont every oil contrUNorsN,
.nid A c. bedford chairman ~ ihe
national petrolcum war service com
mlt,cc. who urcsHtd over Yesterday
mornings meeting ana presented u
detailed outline ~ the proposed or
ganiEatiOn,
I'VE hrc not setting up court of
last resort for anything and avery
thing that may arise IN the industry,
hut we do purpOso 90 do four things,
namely;
First To afford n means ~ 60.
operation with the government IN all
matters OF national concern. and
Second DO foster foreign ana
domestic trade In American poirn-
leum products; and,
Third To promote In general
the interests of the petroleum indus
try IN nil its BRANCHES. and,
Fourth To promote tho mutuhl
Improvement OF its members and the
study OF the arts and scioncea con
n~ntod with tho petroleum industry
Mr.. Bedford AIbmltod Tor consld-
GRAFTON and discussion u draft OF by
laws Of the proposed institute, ne
also pointed out that he had OBJ
taIned every assurance from the fcd-
eraI trade commission and the at
torney generals office In washing
ton that the government would not
look with dlafavor on the plan as
. proposed. At the Atlantic CITY meet
Ing sometime ago he said resolu-
ton was passed susg eating that tho
national petroleum war service com
mittee should formulate somo plan
for the organization OF the oil IN
dustry: that the committee had now
carried out that sugpestion ana
wanted its work 10 receive full pub
licity and the careful consideration
Of oil men throughout the country
Mark T.. Rcqua. former head OF
the oil division Of the fuel admins
trstion. spoke briefly In approval OF
the proposed organisation. adding
That he was rcscryinE much ot what
he had 90 say until the Chicago
meeting, week after next. II can see
no other way for the petroleum In
durry 10 cooperate better than II
will be able 20 cooperate through an
organization OF this kind" said Mr..
Reuua
Among the other persons who
, made brief remarks and sugRes IN
At the morning meeting were Van
u Manning chief OF the bureau Of
mines Of the interior department
who heartily approved the proposed
American petroleum institute and
expressed the hope that It would
rapidly grow To "A membership OF
many thousands. T. AeO'Donnell. OF
California. who was connected with
Tho production section of tho, fuel
administration. Il. q, James, former
secretary OF the western reflneries,
and Mr.. Darby, OF Tulsa, or the
Mid-Continental oil & Gaa associa
ton.
Under the bylaws OF the propose d
institute as drafted by MIR Bed
ford's committee there will hc a
hoard Of is directors. six to repre-.
sent ahe producers, ak the manufac-
turers and slN the distributors This
hoard OF directors as whole, a
president. three vice presidents zone
ench 10 be u producer. u manufac-
furer and distrthTorl ana the
councillors, who will deal with the
various problems Of the industry
Afier somo discussion OF the