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...rather than the political strength of his policies. G. O. Partisans made much of a local by-election for the New York State Senate last week in the President's home district, which he represented in 1910-13 but failed to carry in 1932. Poughkeepsie, chief city in the area, voted 50% for Roosevelt in the Digest poll, but last week gave the winning Republican candidate for State Senator a 70% majority...
...suave Board Chairman and "Petrol Diplomat." Sir John Cadman carried through the ensuing negotiations of high public policy on the private basis that "the Shah is my personal friend." The result was a new concession for Anglo-Persian running until 1993, but His Majesty squeezed down the area under lease to Anglo-Persian by more than half and while leaving Anglo-Persian in possession of its pipe lines deprived the British of exclusive Persian oil pipe-line rights (TIME, May 15, 1933). Observed a cynical Soviet diplomat well posted on Sir John Cadman's negotiations: "Persia is fundamentally sound...
...lamb and champagne at Ankara last week news came of severe earthquakes in Western Turkey, the very region through which Host Kemal was about to escort Guest Pahlevi. Neither showed the slightest desire to cancel these plans. The royal Persian junket became an earnest inspection trip through the shaken area down to Smyrna with homeless families watching the Near East's two Strong...
...plan for a $10,000,000 oil purchasing pool among 29 companies and Congress had gone home without giving him a law to control and punish companies which produced oil in excess of their quotas. Now he cajoled 38 East Texas refiners representing 87% of the companies of that area into a gasoline stabilization agreement. The refiners promised to abide by his gasoline allocations, to report all transactions, and, above all, to buy no "hot oil." The major producers who also control retail outlets agreed to buy up surplus gasoline from independent refiners who signed the agreement and guarantee them...
...Groesbeck's Knoxville Electric properties. This Mr. Groesbeck flatly refused, declaring: "Entirely aside from its adequacy, the offer will not pay off the bonds. . . . The company is not a willing seller and if the Federal Government desires to have its agencies serve the area ... it should in all fairness return to investors the money which they have invested...