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...Emperor considers that Secretary of State Cordell Hull acted with gross misjudgment in persuading the Standard Vacuum Oil Company to cancel the Rickett concession," said the Emperor's spokesman, adding that His Majesty told Mr. Engert hotly: "We need the co-operation of somebody?instead of obstacles, OBSTACLES...

Author: /time Magazine | Title: INTERNATIONAL: Odor of Oil (Cond'd) | 9/16/1935 | See Source »

...operation was what no Great Power would give Ethiopia last week except in words (see p. 18). The blatant announcement last fortnight that Haile Selassie had conceded subsoil rights in half his empire to British Promoter Francis Rickett and his mysterious backers (TIME, Sept. 9) was universally called by statesmen and financiers last week a "nigger trick." Anything but smart was this dusky African potentate's pathetic belief that President Roosevelt would defend Ethiopia against Italy as a result of the midnight signing of the Rickett concession. Equally footless was his loss of temper in accusing Secretary Hull of "gross...

Author: /time Magazine | Title: INTERNATIONAL: Odor of Oil (Cond'd) | 9/16/1935 | See Source »

Lion's Paws. When boyish Mr. Eden appeared, there was heard in his office the plaintive cry: "If Mussolini had paid Rickett, the man couldn't have served Italy better...

Author: /time Magazine | Title: ETHIOPIA: 12-to-8 Concession | 9/9/1935 | See Source »

Particularly if a second concession, involving Lake Tana, has been obtained, Mr. Rickett is operating in what His Majesty's Government lately told the House of Commons is officially "one of the most vital spheres of British interest." In past decades concessions obtained by British promoters from unwary potentates have repeatedly enabled British diplomats, often years afterward, to wangle, bluff and bludgeon much Empire spoil into the bag. From this point of view the Lion's left paw seemed well placed last week...

Author: /time Magazine | Title: ETHIOPIA: 12-to-8 Concession | 9/9/1935 | See Source »

...Government cannot interfere in a concession granted to the United States! . . . I gave the concession to Standard Oil." By this time Fat Chaps had arrived in French Somaliland and realized that he had embarrassed London by announcing in Addis Ababa that some of his backers are British. Said Promoter Rickett, changing his tune, "The capital of the African Development & Exploration Co. which received the concession is 100% American...

Author: /time Magazine | Title: ETHIOPIA: 12-to-8 Concession | 9/9/1935 | See Source »

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