New-York tribune., 1921-09-05
Mexican Oil
Movement tO
Begin at Once
Operations in Tampico To
BE Resumed as Result
OF Agreement of u. S.
Envoys With Obregon
Both Sides Assert
They Are Satisfied
Americans to Pay Taxes,
but Ad Valorem Plan
and Embargo Are Lifted

and Embargo Are Lifted
MEXICO CITY, Sept. BY The AS
soclated Press). - Immediate resump-
''on OF oil operations in the Tampico
region by American petroleum COM
panles and the payment Of postponed d
taxes, with the lifting of the govern
ment embargo upon the companies
FUNDS and oil in storage will result
from the agreement reached by gov
ernment officials and the heads of
five American oil concerns, which was
reported last night. There will be
an immediate movement of oil from
Mexico, and after minor details have
been adjusted settlement will be
reached of all the great petroleum
problems which have vexed the Mexi-
can government and American develop
ment companies for years.
The agreement reached in the con-
ferences which terminated late Satur-
day night has the complete sanction
OF President Obregon, who has de-
scrlbed it as a "happy and satisfac-
tory solution to all concerned" The
American oil men who participated in
the conferences asserted they were
contented with the results obtained
and were prepared to depart immedi-
ately for the United States.
Huerta Announces Agreement
"Conferences between the Mexican
government and five great American
oil companies looking toward an ad-
justment of problems growing out of
recent DEGREES regarding the export
of oil from Mexico have been termi-
mated" said formal statement given
out early this morning by Adolfo de
la Huerta, Secretary of the Treasury.
THE result of these conferences has
been satisfactory, without damaging
the interests of the Mexican nation
or the international policy of Mexico
and decision favorable to both
parties has been reached.
ut has been agreed t!sc1 in new
regulations on charges for export taxa
tion of oil, created by ths decree of
June z last, it will be arranged that
payments may be made UP to Decem-
Der 81 next. Payment of these ta,es
will be made every three months, and
not monthly as was established by the
decree. There still remain few
points in detail to oe discussed, bat
the oil companies have agreed to &C.
cept them after studying certain in
formation and data after their repre-
scntatives have arrived in New York
City. When they have done this, the
full details agreed upon will be e,cn-
nitely arranged.
May "a Decree Stands
"The decree Of May "a of last year
did not suffer any modification and the
payment of taxes due in accordance
with that decree will be made by the
companies represented in the confer
ence on Monday of last week when
they renew operations. | can also
affirm without false modesty that the
satisfactory result arrived at was in
accordance with instructions received
from the President, to which I added
my approval during the conferences"
There were many indications at noon
on Saturday that things were not NOV
ing smoothly behind the closed doors
of the Treasury Department., and there
were many hurried conferences be-
tween Secretary de la Huerta and
President Obregon in the latter's Of
flee. After four-hour conference
there was an adjournment until 6
o'clock, at which hour the oil men ap-
peared promptly. They were closeted
with the Secretary for almost three
hours, and then newspaper men were
suddenly called into the conference
room, and given hint that personal re-
lations between the conferees were
cordial.
Americans Refuse Comment
A few minutes later the oil men filed
out Of the chamber, but maintained
their previous policy of silence. They
said Secretary de la Huerta had been
appointed the official and sole spokes-
man. The Secretary latec admitted
that an agreement had been reached
and that it lacked only the Pres ident's
signature to make it official. The Sec
retary left Immediately for Chapulte-
pee Castle, end within an hour he was
Joined by the oil men, who called to
pay their final respects to President
Obregon. Formal announcement of the
successful termination of the confer
ence was delayed until after midnight
The oil men declined to give out
forma statement, but in casual con-
they indicated they were
pleased with the conference. Later thew
said they had nothing to add to Secre-
tary de la Huerta's statement They
were unanimous in expressing them
selves delighted with the manner in
which the discussions were conducted,
and were especially enthusiastic in
their praise Of Secretary de la Huerta.
Article 81 of the Mexican constitution,
which nationalizes oil deposits, did not
enter into the discussions, they said,
as this subject was considered purely
tContlnued on next pags)
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