.Mr. Fess revealed that President j
Roosevelt and President Taft sought to j
obtain concessions in this locality, and j
that tsiese were practically obtained '
when the war began between Turkey and I
Tripoli, which was followed by the world i
war. In Mr. Foss's opinion, because of
these s'aps American interests should be
considered as having a prior right to do- j
velopment of Hip resources. American
capitalists, he said, wish to complete the j
agreement, but Government assistance is
necessary.
The President was Impressed. Mr. Fess
said, with Hie importance of tlie situa- i
tlon and agreed lo discuss It with See- !
retary of State Hughes later In the day.
Mr. Fess also urged that a naval com- j
mission be appointed lo explore the re- I
sources of the Near East.
TRADE BOARD RULING
ON OIL TANKS UPSET
The Pniied States Circuit Court of
Appeals handed down a decision jester
day reversing the ruling of the Federal i
Trade Commission, which on April 07.,
1920, hud held t.hai the action of the'
Texas Oom pan j- and the Standard Oil;
Company of New York In furnishing]
gasolene tanks to garages on condition i
Hat t lie garages handle their brands j
of oil and gasolene exclusively was!
Ii'egal and a violation of the Clayton I
act. The commission had also held
that the leases under which the tanks j
were given to the garages constituted
a monopoly.
