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...Poincare, who is also Minister of Finance and cousin of the famed mathematician, Jules Henri Poincare, took over the control of French finances last year (TIME, Aug. 2, 1926). At that time, with the franc daily plunging to new depths, the amount the state owed the Bank of France stood at 38,350,000,000 francs - 150,000,000 francs under the newly constituted limit, previous Finance Ministers having raised the loan limit to keep pace with the printing presses...

Author: /time Magazine | Title: FRANCE: National Finances | 9/12/1927 | See Source »

Vacuum Oil Co. and the Standard Oil Company of New York had made contracts to buy Russian oil which Sir Henri's company had wished to monopolize (TIME, July 25). Sir Henry expostulated...

Author: /time Magazine | Title: Oil Controversy: Oil Controversy | 8/8/1927 | See Source »

Standard Oil of New Jersey. President Walter Clark Teagle of Standard of N. J. was first to protest when Vacuum Oil's and Standard of N. Y.'s Russian coup became public knowledge three weeks ago. President Teagle has long been an intimate friend of Sir Henri Deterding. Their companies carefully forbear intruding into each other's markets. Said President Teagle: "The impression has been created, both in Europe and in this country, that the Standard Oil Co. of New Jersey, in the face of the present overproduction in the U. S., is buying Russian oil to displace products...

Author: /time Magazine | Title: Oil Controversy: Oil Controversy | 8/8/1927 | See Source »

Royal Dutch-Shell. But President Whaley's statement was sufficient for Director-General Sir Henri Deterding of Royal Dutch-Shell. Since his companies could not monopolize Russian oil production, he has been disparaging Soviet oil. British retailers of such Russian oil have had to undergo price-cutting, trade repressions. The London Daily Mail, notably, has badgered them mercilessly...

Author: /time Magazine | Title: Oil Controversy: Oil Controversy | 8/8/1927 | See Source »

This said, Sir Henri hastened from London to Paris where last week, he held a private confabulation with his good friend Walter Clark Teagle...

Author: /time Magazine | Title: Oil Controversy: Oil Controversy | 8/8/1927 | See Source »

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