(See front cover)
It is illegal for two oilmen in one State to agree with two oilmen in another State to limit their joint production of crude petroleum. Their agreement, the U. S. holds, is a conspiracy in restraint of trade.
But it is perfectly legal for the first two men to make an oil-production agreement within their State, and the other two men to make a similar agreement within their State, and then for the two States to join those agreements together into an interstate compact or treaty.
Some such plan for the...