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    "label": "Transcript of Princeton Seminar Discussion, Reel 3, Track 2",
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    "seq": 7,
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    "ocrText": "5/15/54: Reel 3, Track 2, Page 7\nBefore that, we had not had any direct difficulty, but from this time\non we began to have a great deal. The Iranians closed the British\nConsulates in January; that raised the temperature. From then on for\nquite a few months we had a period where we had to fool around denying\nthings which we couldn't do and trying to do things which seemed possible.\nAnd there there were four main points about which we talked; the Irn ians\n1)\nwanted a large loan which would finance then during their struggle with\nthe British. That we declined to give, and that caused difficulty with\n2) them. We felt that we could go forward with Point Four help, and we were\nquite willing to stretch the idea of Point Four so that it wouldn't-\ndidn't conform to its original ideas; but we used it for the purpose of\nfinancing various imports. And we negotiated about that for quite a while.\nThen there was the matter of military aid. We thought it important\n3)\nto support as far as we could the Shah and the maintenance of some sort\nof order; we thought that this gâve us sone sort of a whole standing in\na country where we wanted to remain as long as we could. And in the\n4)\nfourth place we had to struggle with the British legal embargo. The British\nhad put out a notice that anyone who bought any oil from Iran would be sub-\nject to suit. We had a lot of people who I think more for the purpose of\ncausing agitation than for any business purpose would come to us and ask\nus where we stood on this-what would we do. Our attitude publichy was one\nthe\ng\nof not trying to take a position, but privately we advised our people\nU.S.\nthat it was unwise to get into this business because they would probably\nget into trouble and we couldn't help them, and we didn't think it was very\nhelpful of them to get into this thing. That went on, largely through 1952,\nuntil the fall of 1952. Then a whole lot of things began to happen all at\nthe same time. One of them was that this legal question came to a head.\nWe were being pressed more and more to say what our position was; the British"
}