The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1920-07-12


BY II. T. BURTON
NEW YORK. July i2.-Three IA
nous Englishmen have recently said
these things about oil:
ADMIRAL F1SHER--''The oiien-
CINE will revolutionizs commerce
and alter tho whole art OF sea war.
EARL CURZON. British Fcresgn
oerrctary-"The allies Heated TO VIC
tory on sea OF oil"
WALTER HUME LONG. First
Lord Of British Admirsity--''If we
secure the supply OF oil now avail
liable In the world. we can do what
I'VE like. IL others take II. with II
i goes the key OF future national sue
cess"
OIL THE NEW PRIZE
IN INTERNATIONAL POKER
/ BY these words II Is shown that
seoai. iron. copper and ruooer-thc
tpld stakes OF diplomacy. the things
DOR which nations fought. the things
superseded. and that OIL 10 the new
prize In international poker. The
economic sphere. In other words, has
found that oil Is the worlds new
driving power, needed alike for ships.
trucks. trains. power plants and
manufacturing. and so politics.
which represent industry. must
smaneuver for this most powerful Of
Rational assets.
! where does the United States
eAnd In this silent worid.war for oil.
Without which a nation Of the fu-
ure cannot exist, IL II true that
be must soon buy our oil from the
yBritish empire. pay in billions OF dol
lars yearly 10 the oil magnatrs OF
London.
Perhaps the man best qualified 20
efve the American people adequate
answer to this question--to tell them
Just how important OIL has become
n the modern world. and how much
q this power the United states con
-ols--ss Walter Teagie. tho <o-year.
OF the Standard OF
| CO. Of New Jersey. the greatest OF
an the Standard OF companies.
TEAGI.E GIVES STAR MAN
EXCLUSIVE INTERVIEW
4 This Is what Tcagie had 10 say
IN an exclusive Interview he has
y1ust given me. the first authori-
tAsiye word he has said on this TIM
portan, subject. touching. as II does.
International relations in their ten
derest spot:
The world war. which was a dem
onstration OF Industry on an UMPIRE
cedented scale. has shown us that
the Importance OF oil In the future
cannot he overestimAted- OIL drove
our submarines. our submarine
ehasers. and many OF our new battle
ships. Casoiine-driven trucks uans
ported our supplies and our armies.
ard gasoline fed our airplanes.
"Peace now finds the gas engine
supreme in industry: transportation
companies use IL; farmers TIL their
lands with II; and even the lumber
man logs with H. And 20. az the
lack OF oil handicaps n people In war
or peace, II has now become ma
tjonai question Of no small import.
ance to inquire just where the
United States will grt It's future sup
ply.
"America has been aroused lately
~ European financicrs who pro
claim that British interests are In
control OF practically all OF the
visible and potential fields outside Of
che United States. and by the presi.
! dents report 10 congress on May II.
1920 .Awhich presented the problem
a 81 Efficiently impressive to demand
eerious public consideration and con-
Instruction action.
0OyERNMENT MUST AID
OTL COMPANIES. HE SAYS
IF we are not TO leave our future
Non supply TO chance. but are to put
\ ourselves upon an equal footing with
the British oil companies In relation
10 their government, 1t is impera-
tive that the government cooperate
~ the industry in grasping the
! aStuation and acting resolutely.
when, In 1914. the British oil In.
lflnrests, realizing the indispensabiiity
q oil TO modern civilization. started
their campaign TO obtain the unde
veIoped Oil fields Of the world, they
were given every assista nee their
government could render, not only
thru political and Diplomatic chan
neIs. but by financial backing. They
are to be congratulated upon what
A.4hey have accomplished. but they
Are far from controlling ALL Of the
worlds potential oil supplies outside
81 this country.
"There Is broad difference pc
! tween a producing field and a pros
pective one. Enthusiasm may be ex
pected at all times from those who
Are financing new oil ventures. Lon
\ non finnnciers may sit in their Of
ficea, surrounded by specially colored
maps. and confidently proclaim that
they control % per cent OF the
4 vorlds potential oil territory outside
- the United States. for the agile
mind of the financier travels easily
over the trials, delays, dangers and
discouragements that intervene be
tween negotiating a concession or Q
lease and the delivery OF oil there
from TO the market.
AMERICAN LEADERS DON'T
ADMIT BRITISH CONTROL
sBritlsh interests have beer
charged with excluding alien com
esnies from control OF oil resources
within the empire, but this must b.
4IfIed by recognition of the fact
nat large sections Of the empire
nelug elf-governing, have contro
over their own Internal affairs
~American leaders In tho oil In