Evening star., 1935-08-31
Senators
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understood to be subsidiary Of the
Standard Oil Co. of New Jersey.
Among diplomatic observers, there
was disposition to believe that while
such a transaction might raise inter-
national problems in the future, it
most likely would not involve this
country directly in any conflict be-
tween Italy and Ethiopia.
The news of the deal arrives at a
time when the United States Is en-
barking on new and precedent
shattering neutrality policy. Congress
recently passed, and President Roose-
welt moved to sign today, resolution
calling. among other things, for a
mandatory embargo on arms and am
munition to belligerent nations.
Embargo New Policy.
This embargo clause is a new thing
In American policy since it compels
the President to declare an embargo
progress Of war" between two foreign
nations, rather than leaving it to the
Chief Executives discretion.
This legislation was passed amid
statements by Senators and Repre-
sentatives that Europe was in q state
of crisis and that the United States
must steer its course now so as to
avoid any ENHANCEMENT.
Observers seeking q clue as to this
Governments attitude in case Amer
ican property rights should be mem
aced In any Italian Ethiopian en-
counter recalled that the United
States already has warned Americans
they should leave Ethiopia In case Of
hoStilities. 1t was said to be impoSsi-
BILE for this country to afford them
personal protection.
Observers here remembered that
President Roosevelt has enunciated
what he termed a good neighbor'
policy pledging the United States
never again to intervene in Latin
America to protect American interests
This policy was enunciated specifi.
caIly with regard to this hemisphere
but the administration has given nc
indication any other course would be
followed elsewhere in the world.
Damage Claims Possible.
Such a policy does not, Of course
preclude the possibility of American
claims for damages in case property
owned by nationals Of the United
States is injured or destroyed In wars
in which the United States is neutral
Such q course has been followed sew
eral times in the past.
Information about the undeveloped
resources of Ethiopia is far from COM
plete, although 1t Is known to con-
tain oil and mineral wealth and water
power capable Of vast production OF
electricity.
Oficials of the National Geographic
Society recalled today the keen in
terest American engineers have dis
played in Lake Tana.
Rivalry between British and Amer
ican interests was reported In 1928,
but as early as 1902 Great Britain's
representatives discussed with Ethi-
opia the purchase Of control of Lake
Tana. Only recently American en-
gineers surveyed routes to the lake
and possible dam sites.
Gold In Area.
OIL found thus far has been In
Eastern Ethiopia, the society said.
The potential value of mineral sources
was described as unknown, but gold
has been found in streams of south
ern and western provinces. A plati-
mum mining firm has produced $500
ounces annually.
Mica, coal, iron and potash have
been found also in Ethiopia, but no
extensive survey yet has been made
Present exports consist of hides, skins
Of domestic and wild animals, coffee,
grain, domestic butter and wax.
Attention has been focused on
Lake Tana for several reasons. Eng