Word: underground
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...Collins, Oklahoma oil operator who two months ago bravely set forth to persuade other case-hardened oil operators of his state to pinch down their oil production and thus conserve their underground pools for the future (TIME, May 23), last week gave up. He ceased arguing and appealed to the Oklahoma Corporation Commission to invent some sort of rule to restrain the present overabundant production. There does exist an old Oklahoma law that may apply to the situation. But lawyers doubt its constitutionality. Meanwhile, Shell Union Oil Co., after spending $100,000 to drill a well down 6,000 feet...
...dishonorably discharged from the French Army. He goes to Brazilian diamond mines to forget. Through a second kick by Fortune, he is accused falsely of stealing jewels. After reels of strong, silent endurance, he saves the mine-owner's daughter from mud floods that trap them in an underground passageway...
...Situation. In California, Texas, Oklahoma, there are vast underground reservoirs of crude oil into which men have drilled wells. They have been like boys, armed with straws, sucking lemonade up from great bowls. The harder a boy can suck and the more straws he can maneuver, the more lemonade he gets. If he stops to catch his breath or to wipe his nose, the other boys will suck up some share of his drink. Oil operators are such suckers, all ceaselessly aspirating oil from common, underground pools. Oil men are inclined not to trust one another...
...Underground Motif. Among potent U. S. import-export houses information circulated last week, that the German delegation at Geneva has been instructed to sound out the U. S. delegation upon the possibility of an understanding between the U. S. Administration and the German chemical and other trusts. Prospectively the question will be asked whether lower U. S. tariffs can possibly be obtained on certain German goods, in return for favors of an equal value to U. S. businessmen from the German trusts...
Under him, too, the family fortune has flooded away in three generations like the waters from his father's California flumes. With the late Edward Henry Harriman he organized a $67,000,000 company to build tunnels under Chicago to carry freight underground to the stores; they lost. He controlled the Kansas City Railway & Light Co.; it went bankrupt. In 1920 bankers saved Armour & Co. from bankruptcy by reorganizing it at J. Ogden Armour's chief cost. In 1923 he was the chief owner of Chicago bank stocks; he had to sell $5,000,000 in stocks to cover...