CONSERVATION: Oil Contrivance

(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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!