Evening star., 1933-07-29
||M0FFETTbEL|EVED
ROOSEVELT CHOICE
| TO HEAD OIL GROUP
Resigned Standard Official
Seen as New Petroleum
Administrator.
CONFLICTS OF OPINION
SEEN WITH w. C. TEAGLE
New Advisory Committee Member
Held in Accord With Re-
covery Act.

Copyright. 1888. by the Associated Press,
James A. Moffett, who resigned as
Vice president Of the Standard Oil Co.
OF New Jersey because of disagreement
with other officials OF the companv
over President Roosevelt's oil recovery
policies, was understood In authortta-
tive quarters today to be the Execu-
tlve's choice for petroleum admins
TRAITOR under the national recovery law
His resignation eliminated deter.
mined conflicts OF opinion between
himself and Walter c. TeagIe, pres,-
dent Of the company and also a mem
Der OF the Advisory Committee aiding
Hugh s. johnson, the industrial ad-
ministrator.
Parish and Teagie Silent.
W. 8. Parish, chairman of the hoard
OF the New Jersey Standard Oil, also
differed with Moffetts views. He and
Teagle maintained silence today on
Mof1etts resignation.
Mof1ett himself was in New York
Those in Federal and oil industry
circles IN. position to know asserted
tnat Monett's resignation was accent
Cd by the Standard board on Teasie's
order, because Of the differences be-
tween Modett and Teagle over the re-
covery programs
PRESIDENT Roosevelt. Secretary of the
Interior Ickes and johnson asked Mof.
fett to serve on the Advisory Commit.
tee aiding johnson this week.
Teagle was reported to have told him
ne either would have to resign from
the Standard Co. or reject the com
mtttee. place.
President Interested,
Arriving at Hyde Park, N. Y. for hi
vacation at home. the President read
WITH interest today accounts of Mot
1etts resignation. It was indicated the
aommistration has not been satisfied
with the attitude of some of the Stand
sIo on OF New Jersey officers Is to
development Of the recovery program
Moffett told Teagle to ACCEPT his
resignation, setting forth ulbseuuentIv
In statement that he considered the
request to serve on the Johnson COM
mittee as q command.
Announcing his hearty accord With
President Roosevelt's policies for stabil-
ling the petroleum industry, Moffett
added in his statement:
My views as to the policies to be
pursued apparently are not in accord
With those Of the board of the New
Jersey company"
The quarrel between Moffett on one
sac and Teagle and Parish, authorita-
i've circles said. arose some months ago
When Mofett's recommendations on oil
were asked for by the administration.
At the time re proposed Federal con-
troll to limit production, with price repu-
iatlon to protect both the industry and
the consumer. Teagle and Parish were
understood to have insisted there be no
stepping into the oil business BY the
Government.
During the dispute between Teaele
ana Mohett over whether the latter
should 60 on the Advisory Committee.
secretary Roper and some of the mem
oers OF the Advisory Committee were
understood to have offered Moffett a
place on the Shipping Board because of
ms wartime experience in moving vast
amounts OF oil, at which time he became
a friend of the then Assistant Secretary
OF the Navy Roosevelt.
Mofett declined the offer.
Teagle on Committee.
Teagle already is q member of the
ADVISORY Committee Moffett's state
ment OF acceptance was INTERPRETED in
authoritative sources as indicating that
Ieagle might resign from the commit
zee. Moftett would not comment on
this subject.
In his brief, formal statement. he re-
lated the story of his resignation about
three hours after his leaving the COM
pany mad been announced for him from
Farish's room at hotel.
inns morning. the board Of direc-
tors OF the Standard Oil Co. of New
Jersey accepted my resignation as vice
president and member of the board, :"
Mof1ett said. This action was the re-
suit OF my statement made this morn
ing that would not decline appoint
ment to Gen. Hugh S. Johnson's Ad-
visory Committee. I consider the offer
OF appointment to this committee the
equivalent Of a command.
Favors Roosevelt Program.
II have been a lifelong Democrat, a
supporter of the President, and am in
accord with the Presidents program
and policies.
my views a. to the policies to be
pursued apparently are not in accord
with those Of the board of the New Jer-
sey company"
Mofett said in the statement he had
been connected with the company 28
years and that his father had been as
sociated with it 43 years before him.
He Is q resident Of New York.
L. Secretary 1ckes, one on the key hg-
ures In Federal plans to help the petrol
cum industry, conferred at length with