Petroleum Industry and National Defense - A Highly Developed Productive Organization Available and Willing to Meet All Demands

WE of the oil industry, devoted to freedom of initiative, free competitive enter- prise, and free American institutions, applaud, with one voice, affirmation by the President of the national will and purpose to preserve and to protect, against all aggressors, "our American way of life with our individual and national freedom." We subscribe utterly and completely to this guiding declaration and seek its further definition as applied to the oil industry. Fortunately for all, the policy of the Government, after adequate study and deliberation, has been given precise definition. The National Defense Advisory Commission, with its patriotic, highly qualified, and distinguished personnel, has unanimously agreed to and adopted twelve general principles governing national defense contracts and also fair labor standard requirements. The President of the