Legislative Messages of Hon. James V. Allred, Governor of Texas 1935-1939 Page: 33 of 263
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ceding calendar half-year to the daily average production of the compacting
states during said period.
"No state by joining herein shall become financially obligated to any
other state, nor shall the breach of the terms hereof by any state subject
such state to financial responsibility to the other states joining herein.
"This compact shall expire September 1, 1937. But any state joining
herein may, upon sixty (60) days notice, withdraw herefrom.
"The representatives of the signatory states have signed this agreement
in a single original which shall be deposited in the archives of the Department
of State of the United States, and a duly certified copy shall
be forwarded to the governor of each of the signatory states.
"This compact shall become effective when ratified and approved as provided
in Article I. Any oil producing state may become a party hereto
by affixing its signature to a counterpart to be similarly deposited, certified
"Done in the City of Dallas, Texas, this sixteenth day of February, 1935.
B. W. Marland, the Governor of Oklahoma.
James V. Allred, the Governor of Texas.
R. L. Patterson, for the State of California.
Frank Vesely, E. H. Wells, Hugh Burch, and Hiram M. Doe, for the
State of New Mexico.
"The following representatives recommend to their respective governors
and legislatures the ratification of the foregoing agreement:
John W. Olvey, of Arkansas.
Warwick M. Downing, of Colorado.
William Bell, of Illinois.
Gordon F. Van Eneaam and Gerald Cotter, of Michigan.
Ralph J. Pryor, E. B. Showyer, and T. C. Johnson, of Kansas.
It is apparent from the provisions of said compact that it will be of
great benefit in "the conservation of petroleum and natural gas and the
prevention of physical waste of these natural resources." I direct your
attention to the fact that in keeping with the provisions of H. C. R. 26
said compact is designed to prevent the waste of our natural resources
"without price fixing, the creation or perpetuation of monopoly or regimentation."
legislation is now pending and proposed before the Congress of
the United States dealing with the oil industry and the natural resources
of the oil producing states, which pending and proposed national legislation
will naturally be influenced to some extent by the action of the
states, I respectfully urge that this compact be approved by the Legislature
of Texas at the earliest opportunity. I should like to see Texas the
first state to ratify the compact.
JAMES V. ALLRED
Governor of Texas
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Allred, James V. Legislative Messages of Hon. James V. Allred, Governor of Texas 1935-1939, book, 1939; (texashistory.unt.edu/ark:/67531/metapth3899/m1/33/: accessed August 19, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .