LATIN AMERICA: Mexican Oil Peace?

As result of Mexico's claiming title to all mineral and other subsoil deposits by virtue of Article 27 of the 1917 Constitution (TIME, May 5,

1923), a feud has existed between the Mexican Government and foreign oil interests.

During the past week the Mexican Government issued a statement: "An agreement has been reached on the fundamental points in the long-standing controversy between the oil companies and the Government." At the same time, Messrs. Chester Swain (counsel for the Standard Oil Co. of New Jersey), General Avery De L. Andrews (U. S. representative of...

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