Every evening, Wilmington daily commercial., 1922-12-23
AMERICANS GET BIG
|. OIL CONCESSIONS
. FROM THE MEX|CANS
Largest Transaction in Coun-
try's History; Covers All Lands
Along the East Coast.
FINANCED IN LOS ANGELES
~ ArsocIpted pre-- to Every EvsninE.

~ Associated Press 70 Every Evening.
Los Angeles Dec. 23.--Ths fls
Angeles Times today reported an an
nouncemert from tho promoters hat
p group % los Angeles manufacturers.
bankers and o1 operators has ,b'aln-
ed from fhe Mexican government
/ what amounts 90 a blanket concss-
sion on al government iards .n no
oil district or tho east coast"
u is by FOR tho biggest Of IRAN
saction ln Mexican history" th.
Times said and probably he most
important deal - ia Kind ,n no
world. for lt Involves 1000 Oo0 s~re.
~ land adjoining rlch working ~ ne
oldest established companies i1 fh.
Tampico and Tuxpam districts"
The paper further declared ".hs
transaction also has important poii'-
ofi rigrlfca0ce. coming as % does
after Tho evterdod con+rove-av De-
tween Tho OhrcFon government and
tho American OI Companies. in rh.ch
tho United states government has ~
yef been an unsUo~essful arbitrator
]. ls announced 'he Tn- Angeles
group v'l Ro into the Mexican oil dr.
r'o' and operate according - 'ns
Mexican article p. and urdor a fed-
2 oral ooncrss.nn on fhe same ROYALTY
basis which established comma nos
have declared ronfacs'o-y The con-
cession. 70 is stated. permits them %
drill on lands Immediately Joining The
richest wells in Mexico. Tho an
nouncernent came after nc return
here from Mexico CITY ~ W. w WI
son. q. r. Moreland and George T
Bushmilsr. who stated they obfsf-ea
nc concession after an interview WITH
: PRESIDENT Obregon, who personally
went into the details % th@ enterprise.
The concession they stated vss
= made out under the direct supervision
~ ". Alesio Robes. secretary ~ i,-
dustry. commerce and labor "a fhs
ooregon cabinet. Mr. Wilson said ,h.
lands designated comprise tf-f,,auy
at federal oil lands extending s,or4
ne guif coast from point north a.
, Ismpico 70 TuTpam. close % holdings
of he Standard Oh COMPANY .rs
/" Doheny interests and other pro-niner-
pl companies. The concession alel
includes the island - Juana Rernirez
said 20 have been long sought b-
American companies because ~ g..
important iocatinrI- IN -gssfogfraf sur
d, veys. The concession provides fbs
n forty per cent os the gross produottor
30 20 the Mexican government. tha
In the ooncessionar.es pay $3.50 yea
n hectare FOR the lands they wi
,e exploit; that a deposit of $500 600 p.
1- made. and that 800 600 be Invested E..
j. works and exploration within 4 vear
Two years are given for explorat.o,
o: and the concession now runs for q
r years with provision for renewal
y The exploitation viii he financed o.,
- t.reiy BY Los Angeles capita. F, ia an
'd nounced. and plans already are re-
Is. advanced for the selection of center
for The active work of he uneerta !.
be .ng.
- wilson and Moreiand are maausa-
turers % OIL drilling MACHINERY IN
20 bushmii.er g an oil operator. Oth-
members of the syndicate which
described as close corporation. "a
- c-rde Harry Lee Martin. capital.s-
Austen o. Martin. banker: John {
-. Costeriy. capitalist: Ferdinand
- BushmA.er. Oh! operator and Dr.. L. Z
Al, Jones. physician and capitalist.
.- Mr.. Martin and Mr. Moreland Ar. o.,
pected 20 return % Mexico City 70 r,
ne plan into operation az soon
possible, o. - said