The Washington times., 1935-12-04
AGENT INGEN0A
REFUSES TO
COMMENT
TeaeIe Spikes Story
In New York; Seen
As Propaganda
CONTINUED from Page y

know that Italye need not worry
about oil supplies, and this knowl-
edge gave credibility today. de-
spite denial on both sides of the
Atlantic, to the report that a
90-million dollar deal has been
made or was being negotiated
with a subsidiary of the Standard
Oil Company of New Jersey to
provide Italy with oil if the
League of Nations bans it.
Adding to the denial in New
York of Walter c. Teagle, presi-
dent of Standard of New Jer-
sey, the foreign office spokesman
said this was just another pre-
posterous tale" yet private Ital-
ian and foreign sources refused
to dismiss the possibility Of some
such deal.
1T is absolutely untrue and we
officially deny it. 1t has already
been denied on the American
side" the foreign office spoke5-
man said, but refused to discuss
the matter further.
Rests on Denlal
The story of the deal, as re-
lated by usually reliable unofficial
sources, said that a 30-year
monopoly had been granted, ef-
fective when the league embargo
begins.
All the oil under the arrange
ment, these sources said. will
come from outside the United
States.
The understanding, it was said,
was negotiated by w. F. Hawkins
of Genoa, the representative OF
Italo-American Oil, Inc, the 1tal-
ian subsidiary Of Standard OH OF
New Jersey.
In a telephone conversation
with International News Service
from Genoa today, Hawkins re-
fused to make any statement un-
der his own name. He pleaded
that he was content to rest on
the denial issued in New York
by Walter c. Teagle, president OF
New Jersey Standard.
Hawkins maintained that he
was merely an official of Italo,
American, of which Standard on
holds some stock. He has been in
Italy for II years.
From Far East
Under the terms of the agree
ment, Standard Oil of New Jersey,
International News Services in
formantS said, will extend to its
Italo-American subsidiary and to
Agpi, former distributors in Italy
for all foreign oil companies, a
credit as high as one billion lire.
Beyond such fuel as the State
Departments pressure to hold
exports from the United States
to normal will allow to be
shipped, ItaloAmericar will bring
in oil from the near and Far
East end, it is reported from
Russia and Rumania.
The two latter countries have
already agreed Italian reports
said, to sell oil to Standard TOR
reshipment to Italy. possibly
through the non-SanctioniSt coun-
tries of Austria and Hungary.
But Rumania and Russia have
already agreed to join in an oil
embargo if the United States CO.
operates, and League powers
cerainly would take firm steps
to prevent re-eXportS.
News Critics Silenced
When the question OF a possible
oil shortage, due to the threat
ened League embargo, came up
at the last meeting Of the
Fascist grand council, Mussolini
is reliably reported to have said
confidently:
"As far as oil supplies are con-
cerned, we may rest easy on that
score"
Unofficial reports say that Italy
has a supply of oil in the colonies
sufficient for only three or four
months, but officials today, with
cut setting any time, said they
had enough oil on hand for a
much longer period.
Efforts, meanwhile, to find sub
stituteS for gasoline continued,
with Messagero reporting today
from Novi that a carburant Of cal
cium has been successfully used.
Costing about one-half cent mile,
the fuel gave cars strong power
and a good pickup.