Laserfiche WebLink
<br /> <br />that oil has been discovered at Ship rock. That might <br /> <br />suddenly caUSe the bUilding of rnilroads into that territory, <br /> <br />. <br /> <br />"hich will then furnish transportation and would promote an <br /> <br />oarlier development, but that does not insure development, _ <br /> <br />. <br /> <br />it is another accidental occurrence, so far as that develop- <br /> <br />mont is concerned. That will serve to illustrate the reasons <br /> <br />why upper development ,rill come gradually. The development <br /> <br />,rill not be all at once. It will .be promoted by need. <br /> <br />MR. HOOVER: Mr. HcClure, what is your opinion about <br /> <br />such devise of this type ? <br />MR. ~fuCLURE: I am on record in the minutes ef a previous <br /> <br />meeting favorable to a plan whero~J in any compact made, that <br /> <br />the time limit for revision, if desirable, should not be short. <br /> <br />NR. HOOVER: That ';0 must have a settled basis for a con- <br /> <br />. <br /> <br />siderably long term of years ? <br /> <br />MR. NcCLUl1E: That is my suggestion and dosire. <br /> <br />. <br /> <br />NR. HOOVER: The other suggestion of Mr. Carpenter is <br /> <br />that all existing rights should be fixed at the dato 'any such <br /> <br />revision is callod and that theroafter rights should be left <br /> <br />open until such timo as agreod upon ? <br /> <br />MR. McCLURE: A nOH sts.rt, an opportunity for ~djustment, <br /> <br />yos. <br /> <br />. <br /> <br />MR. HOOVER: Mr. Caldwell, what do you think about it? <br /> <br />MR. CLLD\'!ELL: I providod for that, Nr. Chairman, in <br /> <br />. <br /> <br />tho draft which I submittod. That indicatos how I feel about <br /> <br />it. Your last suggestion doos not quito moot my approval, _ <br /> <br />, ' <br />\,0 should not go so far as to provide details of revision. <br /> <br />14th-S,F. <br />9 <br /> <br />155 <br /> <br />" <br /> <br />, <br />