890g.6363 T 84/62
The President of the Standard Oil Company of New Jersey (W. C. Teagle) to the Secretary of State
[Received December 14.]
My Dear Mr. Secretary: We are in receipt today of a cablegram dated December 12th, from Mr. Montagu Piesse, our London representative, of which we beg to enclose herewith a copy.
This cablegram is self-explanatory, but we might mention that Gulbenkian is an Armenian, resident of Paris, who, we understand, was entitled to a 5% participation in the Turkish Petroleum Company under an agreement made between the Anglo-Persian Oil Company, Ltd. and the Anglo-Saxon Petroleum Company, and we also understand that he has some association with the Royal Dutch interests.
We have not yet presented this proposal to the American Group, preferring rather to first get the State Department’s views. I am planning to be in Washington tomorrow and shall take the opportunity to see you and, if possible, obtain your views upon the points in the proposal which particularly concern the State Department.
In order to clarify our understanding of this proposal, we are telegraphing Mr. Piesse as follows:
“Referring your telegram December 12th, we assume that proviso which reads ‘that State Department undertake not to question title of Turkish Petroleum Company’ does not include the condition already imposed on American Group by State Department that Turkish Petroleum Company shall obtain ratification of its titles from Iraq or other Government concerned. Please confer with Anglo-Persian Oil Company Ltd. and telegraph me fully.”
Very truly yours,