FRIDAY, APRIL 3, 1925.
HUGE OIL DEAL
GREATEST IN HISTORY OF INDUSTRY.
ASSETS EXCEED $500,000,000.
*Effects Felt AII Over The
World.
The greatest deal in the history of the oil industry has just been completed in the United States.
GREAT MERGEE.
(Bruter's American Service.)
New York, April 2.. The oil situation of the whole world is affected by the Doheny -cil deal'vabled, earlier..
THE CHINA MAIL.
BOXER FUNDS
SPENDING OF BRITAIN'S SHARE
VOICE FOR CHINA.
ADVISORY COMMITTEE TO BE
ENLARGED
(Reuter's Service.)
PACIFIC FLEETS.
ANOTHER BRITISH NAVAL BASE
PORT DARWIN PLAN.
Commonwealth Government's Attitude. Attention is again drawn to the possibility of a naval base being established at Port Darwin.
14-YEAR OLD PLAN.
(Reuter's Servica,)),
set out as a prospector. He wan- dered about for many years. and
LONDON, April-2. found nothing, till at last he was
The committee of the House of compelled to face the problem of Commons further considered the getting some work to do in order (China Indemnity Application to keep the wolf out of his empty Bill and lengthly discussed pro pockets. What he got was a little posals specifically defining the rond-side school house in the purposes to which the money small town of Kingston.. New could be devoted. Mexico, where the salary was pro- The committee agreed to Mr. portionate to the size of the McNeills proposal that the matter school. This was in 1887. The be left to the discretion of district around was unsettled, and advisory committee, and also the haunt of horse-thieves, cattle agreed to Mr. McNeill's motion rustlers and bad men generally, that the advisory committee con- stood that the Commonwealth so E, L. D. became a leader in thesist of eleven persons in order to local vigilance committee, and give China to representatives went man-hunting "all over the thereon.
The bill was passed by the
London, April 2. In the House of Commons, re- lying to Capt. Wedgwood Benn (Liberal), the First Lord of the Admiralty, Mr. W. C. Bridgeman stated that the establishment of a naval base at Port Darwin was originally suggested by Admiral Henderson in 1911
Mr. Bridgeman said he under
SUN YAT-SEN.
MOSCOW
FROM UNSATISFACTORY.
FUNERAL SERVICES.
(Reuter's Service.)
PEKING, April 2. The remains of Sun Yatsen
Government was not proceeding with the proposal at present. No suggestion had been made of any Imperial contribution.
Port Darwin is a large inlet on, the North West Coast of the Northern Territory of South Aus- tralia. The jetty of the town of Palmerston has a depth alongside in ordinary springs of 15 fathome high water, 11 fathoms low water." The mean temperature for the year is 83.7 deg. F.
Admiral Sir Reginald Hender- son, G.CB., entered the Navy in 1860, and was appointed Com- mander, in 1881, He served as second in command of Invincible at the bombardment of Alexandria, and afterwards in command of an armoured train at that place. Appointed captain. in 1887, he was later given com- mand of H.M. ships. Bacchante, Rover, Ruby, Severn, Royal Sovereign and Mars. After holds ing various posts in H.M. Dock- Reserves, he retired in 1910. The yards and the Coastguards' and
Rio Grande Valley The bad men. sent him notice to quit; otherwise committee and will be reported something unpleasant would hap to the House of Commons as CASKET
en to him, but he paid no atten- amended..
[A standing committee of the tion. Then, when going along the House of Commons, presided over street one morning, a gun-man by Sir Robert Hamilton, consider- who was hiding behind a dryed the China Indemnity Bill. The goods box on the other side committee rejected by 26 to 5 votes. emptied the magazine of a Win an amendment moved by Mr. chester rifle at him, Sixteen Arthur Ponsonby (Labour) confin- shuts in all were fired and they ing the application of the money all missed. Probably the marks to educational and cultural pur- man had been strengthening his poses, Mr. Ronald McNeill, Under were conveyed from the Centralnext five years he spent in Aus- nurves with a little strong drink. Secretary for Foreign Affairs, sald Park to Piyunsau to-day. Empty handed E...Dcrossed the that both the Labour Government street and took his assailant pri and the present Government bad soner, and later on had him lock: deliberately come to the cone ed up for a few years.
sion that the object in view would bo best served by simple words in the Bill. The amendment would The Grand Master of Ceremonies only hamper and restrict the dis- and Wang Yu-sun, the personal cretion of the advisory committee delegate of the Chief Executive, who might be safely relied upon offered sacrifices before the coffin condition of to exercise it in the direction both at 9.30 this morning, after which nations would desire. He believ. the members of the Cabinet and
formed rites..
PENNILESS. AT FORTY,
The casket from Moscow.. which arrived yesterday, proved unsatisfactory, and the body was bome to the Western Hul to the original coffin.
But the wanderlust was still The dead is equivalent to the strong within him so he was next "amalgananiga GF the Pan found with a chum in a little hotel Amerienn Petroleum Komsiny, on the outskirts of Los Angeles with the Standag! Oilcony in their usual of Indiana and is indoubtedly the "sinny-broke." They had only greatest in the history of the glen cents between the pair of ed that the money would be sub-then Sun Yat-sen's family per- industry.
them and after a debate decided stantially, applied to educational to spend the money in grapes, as purposes. He proposed later to being the cheapest und most move an amendment to increase wholesome thing they could get, the membership of the advisory By this time. E.L.D. was forty committee from tea to eleven in years old and the elusive fortune order to empower an increase of
the Chinese element thereon.] seemed, further away than ever. Juist them a negro with a cartload of redish earth passed the door. He sampled the stuff and finding it greasy enquired where it came from. Then the two of them hud a look, at the place and thought there might be oil there.
STRIKES OIL.
The combined assets exceed $500,000.000.
The Standard Oil Company has now secured first rank position not only in America bus in markets abroad.
MONEY TROUBLE.
FRANCE'S SERIOUS
PROBLEMS.
4
tralia at the invitation of the Commonwealth Government, for whom he drew up a report giving his advice with regard to the establishing of the Australian Navy,
SUMMER TIME.
(Router's Service.)
LONDON, Ápril 2.
It is officially announced that
The coffin was then carried to a | motor hearse provided by the Peking Union Medical College.
The parade from the Central summer time begins at two o'clock Park, which began at 't o'clock, on the morning of April 19. was very similar to the parade. from the Peking Union Medical
GOVERNMENT BONDS. College to the Central Park, con sisting of troops, bands, officials and students including representa-
(Reuters Service.) tives of the ten, middle schools and 50 private schools and several universities.
A guard of-honour, sent by the Chief Executive, brought up the rear of the procession."
WHEAT PANIC HEAVY RAINS END DROUGHT,
(Reuter's Serviss.)
Earlier cables stated that Mr. Edward L. Dohney has announced that the interests controlled, by the Doheny family have sold their majority voting, stock in the Pan- American Petroleum and Trans- port Company.. as reported in
ANXIOUS OUTLOOK, New York papers on March 11.
A cable, dated New York, There were no funds for boring
(Reuter's Service.) March 11, stated:-The "New machinery so they started in York Times" learns that Edward with "pick and shovel to dig a 1. Doheny is negotiating the sale hole, and by the time they got
PARIS, April 2, The seriousness of the financial of all his oil properties in Mexico thirty feet deep they "struck oil,"
situation to the Standard Oil Company of a commodity in which E. L. D.
Is engrossing public the Indiana, the Blair Company and had not been previously interest-attention. It appears that
Treasury does not know which certain British interest. Theed. They so manipulated this dea., if consummated, will involve strike that it netted them millions which are aggravated by the fact way to turn to meet its liabilities,
CHICAGO, April 2. nearly $125,000,000, and probably and filled the pockets of the land- that many milliards of short term Wheat broke five to six and a result in the readjustment of the owners all round. Here's cheer! loans are maturing in the summer half points owing to heavy rains Pan-American Forty years of age and only ten and the bank note issue no longer in the southwest and west which Petroleum Company by segregat-cents between two, and insuffices for commercial needs. ended the drought. ing its Mexican from its Ameri- | hand's turn they were multi- The latest Bank of France state-
Indefinite_reports of financial can properties, with the Company, millionaires.
ment shows that the bink notes troubles in Italy also depressed confining its activities to the Next Edward L. Doheny went issue is dangerously near the the market. development of the petroleum definitely in for oil. He travelled legal limit of forty-one milliards.. industry in the United States, through California securing pos-The Minister of Finance, M. especially on the Pagife corst.]. session of a large number of Clementel, in a speech in the properties which promised to be Senate attributed the high water- oil bearing, and then turned his mark of the note issue to attention to Mexico.
hoarding of bank notes. He owns the finest private In order to cope with this is fore- yacht that was ever built, the shadowed a new issue only to be Casiana which takes thirty-eight employed for discounting com- officers and men to handle. He mercial bills signed by the most has a great mansion in Los solvent traders, It is denied that Angeles with conservatories and this is inflation.
affairs of the
MAN OF MILLIONS.
the
There was general selling with wide fluctuations.
RAIL DEAL NICKELPLATE ROAD TO BE LEASED.
(Reuter's American Service.).
*
LONDON, April z. The Government offer of £33,- 000,000 of 3-1/2 per cent. conversion stock by tender rosulted in tenders at £76 16 8 receiving 33 per cent. and above in full.
Applications totalled £83,610,000. The stock is now quoted at one- quarter to three-eighths premium.
FOOCHOW TROUBLE.
(Courtesy of the Daily Bulletin.)
PEKING. April 2
+
It is reported from Foochow that further attacks have been made against the familles of students; attending the Anglo-Chinese College "who continued to 'attend the College.
These students left the College after their families had been given three days warning to leave the city.
The Students' Union are now demanding that the YM.CIA., and other educational institutions shall join the Waion "and 'take part in Its activities. CLEVELAND, OHIO. April 2.
The Union has Stockholders in the New York,
published circulars openly defying the authorities.
The
The Fish Guild, apparently, has yielded to the students threats, and the disposal of fish handled by American firms has been prevented. It is feared. that the activities of
other institutions and foreign organisations other than American.
The "Literary Digest" in a review of Mr. Doheny's career ways that in Mexico he gathered in the oil lands until he had the control of no less than 1,400,000 acres on the east const in the sanatorium, and in order to secure It is mentioned that Britain, neighbourhood of Tampico, and that he had good neighbours he France and Belgium have agreed Chicago and St. Louis Railroad,. he developed them that Tampico bought up all the other fine houses to market five hundred million the. so called nickel plate road, is suid now to be the second port | around, He gives liberally to gold marks worth of Dawes have voted overwhelmingly in on the American continents for causes in which he takes an inter-scheme railway bonds in October, favour of leasing the property to a the value of its export. He est and to his political party. He M. Herriot emphasised the Gov-new nickelplate company.
crnment's opposition to inflation, stockholders in the Chesapeake managed this by his liberality, to financed the Irish in their war He said there was no intention to and Ohio, and the Rocking Valley, the President of Mexico to whom against the British, and is at pre-make a fresh note issue. To cose Pere and Marquette roads have the students are likely to spread to he mude an advance of $25,000,- sent building a new Catholic with the situation the government.
already approved the scheme. 000. He has covered his vast Church in Los Angeles which may desired a clean treasury. tailiwick in Mexico with railroad cost him up to a million, while he trucks, pipe lines, wagon roads, falso gives liberal help in connec-
HOLLAND'S DECISION. rests of monster storage tanks, tion with public disasters and refiners, pumping stations and hospitals. With all this wealth houses for employees, and runs aut command he shows no signs of fleet of fifty tank steamers all of retiring to enjoy it, having pro- them' busily engaged in making bably learned the secret that dollars for Doheny. -
happiness is not to be found in Acording to the "Digest," Mr. the wealth but in the work
Doheny is one of America's
Dollar Emperors of whom there
are three. The other wo are
John D. Rockefeller and Henry
Ford, and which of the three has.
the greatest number of millions
GENERAL SEMENOFF.
(Reuter's Service.).
· SHANGHAI, April 2
.
SCHELDT TREATY. Į
(Reuter's Service.)
(Reuter's Service.) ́·
*** – THE HAGUE, April 2. BRUSSELS, April 2
The First Chamber by 31 to 17 The French Government, which Votes rejected the bill abolishing with Britain is one of the protect-summer time which the Second ing powers under the 1839 treaty, Chamber passed a few weeks ago. has signified its approval of the Belgian and Dutch navigation agreement
[An agreement has been reached between the Belghin and Dutch, foreign ministers regarding the
10 his credit is not known. Mr. General Semenoff interviewed Hoheny is the "here" of the Tea-by the. China Press, denied any revision of the treaties of 1839 pot Dome scandal, and his name connection with, the agreement regulating, inter alla, navigation has been much before the world of whereby the s.s. Mongugal is on the Scheldt. A Belgian and Jate. It is therefore werth while sailing from Shanghai But, he Dutch Commission will be ap 1o inquire what manner of man admitted that he, had been appointed to administer the Scheldt. he is. To judge from his nurse-priched indirectly by the Soviet An arbitration system has been Doheny and his description he officials with a view to negotiating arranged for the settlement of must be of Irish extraction. His with regard to the administration disputes similar to the agreement eyes are said to be of the clearest of the territorie: on the Russian reached regarding the Grand blue that was ever seen, and his border.
Terneuzen Cinaf, and also voice is full of winning tones
Tag Shanghat Times says: arrangements for the jolat coa- which would coax the birds off the
Flying the red fing.. which was struction of new canals and the Тле tree, both of which are charac-hoisted after the ceremony at right to enlarge others. teristic of the Irish.
which Soviet off als participated,. question of Wielingen remains in He started in Fond du Lac, the a.s. Mongugal is lying in the status quo, but views will be Wisconsin where he received a tiver, awaiting a favourable exchanged.) good high-school education, but Vladivostock
ooportunity to slip away to refused to setile down to any
· Montreal, April 2.---Mounted police yesterday carried out one of steady occupation. The world Lidɔa, April 2.—A pity of eight the biggest raids on counterfeiters was his oyster and with his own Russian Trade Unionists under Mon record, they arrested two hands he would go forth and Tomsky have arrived to discais men and seized notes repres open It He had the idea of dia with representatives of the Generaling $159,000 Endrungon covering a gold mine, or a silver Council of the Trade Union Case notes to the amount mine soniewhere oven copper igrets, the question of fatergational woal would not be ignored he unity Re
Jkmace
New York, April 2.—Mr. Edward L. Doheny has announced that the interests controlled by the Doheny family have sold their majority voting stock in the Pan-American Petroleum and Transport Com pany. Reuter's American Service.
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