
Magazine content is available exclusively for TIME subscribers.Business: Again, Hot Oil
Most citizens of East Texas look on the Connally "Hot Oil" Act of 1935 (which makes it a Federal offense to ship in interstate commerce more oil than the quotas set up by the Texas Railroad Commission) with the same sort of amused tolerance with which they once looked on the 18th Amendment. Millions of barrels of hot oil have been pumped out of the ground, and numerous minor employes of small companies have been indicted. But the startling fact is that no oil man who maintained his innocence has been tried for violation...
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