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Rh The Amalgamated Copper Company was a failure under Mr. Rogers because he was not a miner and hesitated to take a miner's risk in opening the Butte copper district at depth.

The men who opened the Mexican oil territory were prospectors and miners and never sought the manufacturing or distribution ends of the business. Even to-day E. L. Doheny both in California and in Mexico declares he prefers the profits of production on a large scale to the details of manufacturing or the business of retailing, which he regards as distinct fields from oil production.

The Standard Oil people are buyers of oil at Tampico and are building a refining plant there to become larger buyers of oil, and they have some producing interests south of Tuxpan. The Pierce Oil Company also has a refinery at Tampico and the British, or Lord Cowdray, interests ship from both Tampico and Tuxpan and refine at Tampico and Tehuantepec.

The Mexican Petroleum Company is the largest producing interest in Mexico, with a present production of fifty-five thousand barrels per day. The Cowdray interests are second with about thirty thousand barrels a day on present restricted shipping facilities. Other interests