Evening star., 1921-09-05
END WAR OVER OIL
FIELD IN MEXICO
American Companies Soon to
Renew Operations in the
Tampico Region.
BY the Associate Press.


mediate resumption of oil operations
;; in the Tampico region by American
petroleum companies. and the pay
| ment of postponed taxes. with the
lifting of the government embargo
upon the companies funds and oil
in storage. will result from the agree
| ment reached by government officials
and the heads of five American oil
concerns, which was reported last
night. There will he an immediate
| movement of oil from Mexico. and.
after minor details have been nd
Justed, settlement will be reached
OF all the great petroleum problems
which have veXed the Mexican gov
ernment and American development
companies for years.
The agreement reached in the con-
ierences which terminated late Sat
urday night. has the complete sane
| ton of President Obregon, who has
described 1t as a happy and salts
factory solution to all concerned"
Ine American oil men who partici-
pated in the conferences asserted
they were contented with. results oh.
tained and were prepared to leave
Immediately for the United States.
Conferences Terminated.
conferences between the Mexican
government and five great American
on companies looking toward an ad-
Justment or problems growing out of
decrees regarding the export
mated" said formal statement ei,,a,
OUT early this morning by Adolfo de
Ia Huerta. secretary of the trea surx
result or these conferences has
oeeh satisfactory. without damaging
or ,ha 'ies.s in. OF the Mexican nation
N n
co. and decision favorable to hoth
parties mas been reached
IL mas been agreed that In nav
lIohs on charges for ,xpor;
dac, da@a.aon OF oil. created by the
ranaa+, "i June last. it will be ar
up to December 21 next Pav;oen,
or these taxes will be made .varv
.hree months and not mortbIv ,s
Mas established by the decree
d,,.;, sun remain few points in
ot'a,l ot, 10 be discussed. but which the
a.ter studying certain Informatinn
,.nu data after their repr ,scrtativps
;; nave arrived in New York c,tv
n.tn they have done this, tn, fnIi
uetalis agreed upon will be ,la(lniteIy
arranged.
May "a Decree Not Nodded,
me decree Of May 2f CT last
sdr ala not suffer any moI;ilcatio,
anu the payment OF taxas In ~
acf ordanoe with that da"-e. vii, i.a
n.au. Ey the companies rep1e,en,ed
~. .nI conference on Monday of ncxt
week when they will renew oncrs.
.N1s l can also affirm without false
uas nn;' y that tn" satisfactory result
arrived at was In accordance with
instructions received from tha
esiueht' TO which l added nv an
trVai during the conferences
were many Indications at
moo noon on Saturday that things were
closed doors of the treasnrw Sanort ,.e
ment. and there were many hurried
conferences between Secretary de la
Huerta and President Obregon in the
iatter's office. After a four-hour con-
mn,;, ,eehce : there was an adjournment
uhtli o O'Clock. at which hour the oil
men appeared promptly. They were
ci0seted with the secretary for almost
three hours. and then newspaper
photographers were suddenly called
, INTO the conference room. giving a
hint that personal relations between
the conferees were cordial.
Iew minutes later the oil men
Med out of the chamber, but main
tanned their previous policy of silence.
The statements of President Obre-
gon. senor de la Huerta and the oil
| men tailed to give details of the tax
agreement. other than that new ar
rangements for payment had been
made. 1t Is understood here. however.
| that the ad valorem basis fxed witt,
the Mexican decree of June is alb
rogated.
Statement by President Obreeon.
; Senior de la Huerta's early morn
ing statement that satisfactory
i agreement had been reached was sup
plemented later by President Obre-
gon. who said:
| Il believe the arrangements that
! have been made will be highly advan-
tageous to our country. They show
! the good will which has animated
both sides throughout the conference
| in an effort to resolve the difficulties
| that have arisen on the oil question.
The fact that work in the petroleum
region will be resumed Immediately Is
| indeed. the cause for great satisfaction
] 1t will benefit the whole of the republic
Besides that. the precedent is establish
| cd that no matter what difficulties may
adjustment at once directly with the
government. without any Intermediary
| 1t is easy to understand that this con-
stitutes great advance over what has
been done in the past.
1.-The presidents of the oil companies
| were here to bid me welcome, and I am
! under the impression that they go away
| satisfied with the results that have been
attained
Reports received here from Tampico
say that that city, which has been in
| the doldrums throughout the entire
| was the scene Saturday night Of inn
i promptu celebrations when news was
received of the settlement. According
to Walter c: Teagle. president of the
Standard Oil Company of New Jersey.
several oil tankers which have been
\ oh in, To min HNv. nly0 mil