The Acting Secretary of State to the Ambassador in Spain (Hammond)
Washington, June 15, 1929—11 a.m.
33. Spanish Oil Monopoly. Washington representative of Standard Oil has shown Department copy of Brewster’s17 telegram of June 12 to the head office regarding the Spanish offer to pay approximately $4,396,000 at the current rate of exchange over period of six months, and advises that Standard Oil is authorizing Brewster to accept at his discretion. Please cable final action taken by Brewster.
Department takes this occasion to commend the Embassy for its successful handling of this difficult and important case.
- W. M. Brewster, the Standard Oil Company’s representative in Spain.↩