Magazine content is available exclusively for TIME subscribers.SAUDI ARABIA: Fish to Jidda
The juiciest overseas plum secured by Yankee traders since inauguration of the Good Neighbor Policy is a 60-year concession to exploit oil lands throughout the whole of Saudi Arabia. This plum fell to Standard Oil Co. of California last summer—almost unnoticed, since U. S. citizens were then so busy watching the European volcano burp. What soft-collared, spatless Standard businessmen had achieved was signal defeat of top-hatted Japanese, Ger man and British diplomats who had been struggling for years to win this Near East prize.
During the struggle Adolf Hitler feted at Berchtesgaden with lavish honors swarthy envoys of...
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