Biggest stumbling block to U.S.-Mexican attempts to settle their mutual differences (see p. 20) is Mexico's expropriated oil. Last week the expropriated U.S. oil companies turned down the latest State Department compromise, left the stumbling block still smack on the border.
The deal presented by Good Neighbor
Cordell Hull: Mexico would make a $9,000,000 ''token payment" (made possible by U.S. loans and credits of much more than that) to the oil companies. The money would be placed in escrow pending valuation of the properties by two experts—one from Mexico, one from the U.S.
The companies have never revealed either their cash investments...
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