OIL: Gram of Flesh

The four-year wrangle over Mexico's expropriation of U.S. oil properties was finally settled last week. The winner: Mexico, hands down.

Public Powerman Morris Llewellyn Cooke, the U.S. expert appointed to set a value on the exproperties, and Mexico's still more expert Manuel J. Zevada agreed that the entire U.S. stake in Mexican oil was worth $23,995,991 ($18,391,641 of it for Standard Oil of New Jersey).

For the cause of hemisphere' solidarity— Mexico, more than any other Latin American country, has been fronting for the U.S—it was indeed fine to have what Franklin D. Roosevelt called "the so-called petroleum question" out of...

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