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Affected were all the wells (except salt water producers) in the State's prorated area. Exempt were "strippers" which produce less than 25 bbl. per day. Hardest hit by the order were the flush fields of Oklahoma. City (30 sq. mi.) and Greater Seminole (40 sq. mi.). With one pen squiggle Governor Murray had reduced the daily flow of Oklahoma oil from 425,000 bbl. to less than 150.000. To newsmen he declared: "The State's natural resources must be preserved and the price of oil must go to $1. Now don't ask me any more...

Author: /time Magazine | Title: National Affairs: Oil, Arms & Economics | 8/17/1931 | See Source »

...unprofitable mines and hold their contents as a national reserve in much the same way oil on public lands is now held. Operators favoring this step declared that for $25.000,000 the Government could purchase enough mines in western Pennsylvania to put all the rest in that area on a profitable basis...

Author: /time Magazine | Title: INDUSTRY: Government into Coal? | 8/17/1931 | See Source »

...Children's Hospital in Hamilton. Twenty years ago, says her legend, she bearded the directors of the Canadian Northern Railway (forerunner of the present state-owned Canadian National) and persuaded them to dig a tunnel under Montreal's Mount Royal, then persuaded Hamilton realtors to develop the area made available by the new line...

Author: /time Magazine | Title: NEWFOUNDLAND: Strange Saviour | 8/10/1931 | See Source »

...Only 65 sq. mi. in area, Liechtenstein is one of Europe's tiniest independent states. It is situated between Switzerland and Austria, has a population of 11,500, no army. Present ruler of Liechtenstein is Prince Franz, 77. Two years ago Prince Franz married Frau Elsa von Eross, née Baroness Guttman of Vienna. He had married her secretly in 1921 in Salzburg, Austria. Because she was a commoner he could not make public the marriage. She is wealthy, of Jewish descent...

Author: /time Magazine | Title: Milestones, Aug. 10, 1931 | 8/10/1931 | See Source »

...whom are employable. This week witnessed the first overt effort of the jobless to help themselves as a group, with the publication of a weekly tabloid named Newsdom. It is an eight-page, five-column sheet devoted largely to gossip of newspaper offices in the New York metropolitan area, to be sold among working newspapermen, admen & pressmen...

Author: /time Magazine | Title: The Press: On the Street | 7/27/1931 | See Source »

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