The Columbus dispatch. (Columbus, Miss.) 19??-1922, 1921-09-11
OIL WAR ENDED
WITH MEXICO
american Producers Reach Sat.
isfact0ry Agreement With
Obregon and His Govt.

MEXICO CITY. Sept. Tmmedi
te resumption Of Oh operations IN In,
ampico region BY American petrol
INN companies and the payment Of
postponed taxes. with the lifting Of
he government embargo upon the
ompanies' funds and oil in storage,
esult from the agreement reached by
overnment officials and the heads Of
i've American oil concerns. There
yin be an immediate movement Of oil
rom Mexico and after minor details
ave been adjusted a settlement will
reached Of all the great petroleum
roblems which have vexed the Mex
IAN government and American de-
elopment companies for years.
The agreement reached in the CON
erences, which terminated late Satur-
ay night, has the complete sanction
If President Obregon, who described
as 'happy and satisfactory solu-
ION to all concerned The American
I'll men who participated in the CON
'erences asserted they were content
"a with results obtained and were
prepared to leave Immediately for the
United States.
conferences between the Mexican
overnment and five great American
in companies looking toward an adj
hstmnt of problems growing out of
ecent DEGREES regarding the export
i oil from Mexico have been termi-
ated," said a formal statement given
lat early today by Adolf de la Huer-
a, secretary of the treasury. "The
esult of these conferences have been
without damaging the
lterests of the Mexican nation nor
he international policy Of Mexico and
decision favorable to both parties
as been reached.
1T has been agreed that in new
equations CA charges for export tax
ton of oil created by the decree of
une Z last, it win be arranged that
ayment may be made up to Dec. 81, :
ext. Payment Of these taxes will be
Jade every three months ard not
ionthly, as was established by the
acree. There still remain a few
Dints IN detail to be discussed, but y
hich the oil companies have agreed !,
accept after studying certain infor-
alton in the data after their repre- :"
,ntatives have arrived in New York
hen they have done this the full de-
ills agreed upon with definitely ar
lnged. I
''The decree of May "a Of last year
d not suffer any modification and !,
e payment of taxes due in accord
ice with that decree will be made
: the companies represented in the G
inference on Monday of next week
hen they win renew operations. / =
N also affirm without false mod =
ty that the satisfactory result ar :
we'd at was in accordance with in. :,
received from the president
which l added my approval dur
g the conferences :,
The oil men declined to give out :
rmal statement, but in casual con- -
rsation they indicated they were :,
eased with the conference. Later q
ey said they had nothing to add to
,cretary De la Huerta's statement a
ley were unanimous in expressing l.
delighted with the manner b.
which the discussions were conduct
and were especially enthusiastic in
cir praise of Secretary De Ia Huer- W
Article q Of the Mexican eonsti-
ton. which nationalizes oil deposits,
q ont enter into the discussion, they "
id as the subject was considered
rely a diplomatic matter 70 be TAX "
up by the American and Mexican
ate Departments. =