Indianapolis Times, Volume 43, Number 82, Indianapolis, Marion County, 14 August 1931 — Page 14

PAGE 14

OIL MEN PUT ON THE RUN BY ‘ALFALFA BILL’ Ross Sterling, Governor of Texas, ‘Follows Through’ in Murray Fight. f v Unit'd Prr OKLAHOMA CITY, Aug. 14 Two state Governors, tall, mustached, tobacco-chewing “Alfalfa Blir Murray of Oklahoma, and jovial, 250-pound Ross Sterling of 7 exas, studied today the first results of their united fight for $1 oil, while the whole petroleum Industry wonders what their next moves will be. The first results were a 5-cent increase by one company on oil purchased in East Texas and offers by two others to pay $1 a barrel for crude oil if Governor Murray takes * _^ roo P s os the flush fields of Oklahoma. “If I were oonvinced the offers were made in good faith, I might

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allow them to open up their wells and produce,'* Murray said. “The companies are on the right track, but they've got to keep moving.” After making this declaration, Murray laid the offers over to Monday and took a train for Weatherford. Tex., where he once taught school, to attend an old settlers' reunion. Governor Sterling, meanwhile, still held the threat of martial law over the rampant East Texas field if the new conservation law fails to stop waste of the state's resources and bring about higher prices by curtailing production. Sterling's threat to follow Murray’s example and send the national guard into the oil fields was credited by many with getting the conservation measure passed. For twentyeight days the Texas legislature failed to pass a bill acceptable to the Governor. Then he made his declaration, and two days later, six hours before the session ended, the legislature passed the measure. Its effect was considered problem-

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atical, but Sterling, who shortened a fishing trip to hurry action by telling his plans for martial law, still held the whip hand. “The new law has teth in it," he said. "But I might slap on martial law if some of those operators get to acting up." Texas producers meanwhile laid plans for voluntarily stopping the flood of oil now being dumped on the market. Five hundred producers met at Tyler to discuss ways to stop the draining of the East Texas field, where pumps are working full speed to take advantage of the Oklahoma situation. Governor Sterling, himself a practical oil operator before becoming Governor, will meet with them. Furniture Dealer Wants Wheat STURGIS. Mich., Aug. 14.—A Sturgis furniture dealer has advertised that he is in the market for 10.000 bushels of wheat, which he will accept from farmers at doubly its market value as payment for merchandise.

THE INDIANAPOLIS TIMES

FORD TO VISIT BRAZIL Motor Magnate Indicates He Will Accept Nation’s Bid. B.V Unit'd Press RIO DE JANEIRO, Brazil, Aug. 14.—Henry Ford, Detroit manufacturer. may visit Brazil soon, he indicated today. The foreign office issued a

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statement saying Ford had acknowledged the government's invitation. Ford's reply was quoted as saying he was "honored by the invitation and am awaiting a favorable occasion to accept it.”

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AUG. 14, 1931