On this day

March 3, 1938

Revisit the news, notable people, and historical moments connected to this date.

Historical Events

1938Oil is discovered in Saudi Arabia.^[†]

Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term petroleum refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refined crude oil.

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Headlines from March 3, 1938

BRITISH ARMS COST REACHES NEW HIGH; Total for Five-Year Program Placed Above 1,500,000,000 in Light of Estimates 343,250,000 THIS YEAR 102,720,000 Is Allotted to Air Force, With Stress Upon Plans for Emergency Building Appeasement Uncertain BRITISH ARMS COST REACHES NEW HIGH BRITISH ARMS COST REACHES NEW HIGH Opposition Not Likely Ambitious New Program Personnel Is Increased Shadow" Factories Set Up

By Robert P. Postspecial Cable To the New York Times

Govt issues White Paper estimating yr's defense expenditures at £343,250,000; explains tentative program; air force allotment increased

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AIRLINER MISSING WITH NINE ABOARD; wONE CLUE IS FOUND; Scar High on Mountain Side Is Leading Searchers to Spot East of Fresno, Calif. PLANE TRAPPED IN STORM Turned Back From Eastbound Flight, but Cruised in Vain While Hunting a Landing In Direct Line of Flight Changed Course for a Storm ARILINER MISSING IN WESTERN PEAKS Flying to Father's Bedside GETS SAFETY AWARD T. W. A. Superintendent of Communications Receives Plaque Stewardess from Philadelphia FOUR OF THOSE ABOARD MISSING AIRLINER

By Unknown Author

Stewardess of missing plane; por

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U. S. ACTS TO CLAIM ISLANDS IN PACIFIC; Hull Experts, Aided by Navy, Study Old Whaling Ship Data on Discoveries ISSUE WITH BRITAIN SEEN She Has Long Asserted Rights--Desire for Air Bases Brings Question to the Fore Now Important as Air Bases U. S. ACTS TO CLAIM ISLANDS IN PACIFIC 25 Islands Credited to Nantucket

By Bertram D. Hulenspecial To the New York Times

Govt acts to claim South Pacific islands needed as air bases; issue with Gt Brit seen

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26 LIVES ARE LOST AS THRONGS FLEE CALIFORNIA FLOOD; FIFTH DAY OF RAIN Landslides Add Peril as Homes Are Cleared in Los Angeles Area CITY TRAFFIC PARALYZED Collapsing Bridge Traps 10Houses Leveled by Storm May Be Tombs of Others Continued Rain Forecast Rainfall Sets Record Stores Close,- Release Workers LOS ANGELES FLOOD DEALS DEATH TO 26 Rail Lines Are Blocked Glendale Residents Warned Dead and Missing in Floods

By Special to THE NEW YORK TIMES

Closed due to floods, Los Angeles

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T. V. Soong Is Appointed Chinese Air Force Chief

By Wireless to THE NEW YORK TIMES

T V Soong apptd Aeronautical Comm chmn

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WPA Will Add 500,000 To Its Rolls This Month

By Unknown Author

by House; Williams authorizes 500,000 added to WPA rolls

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Tax Bill's Main Points As It Comes Up to House

By Unknown Author

These are the principal provisions of the Tax Revision Bill, to be debated in the House tomorrow: 1. An income tax of 12 1/2 to 16 per cent on corporations with incomes of $25,000 a year or less. They would pay no undistributed profits tax.

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PROFITS LEVY KEPT; Majority Report, While Defending It, Urges Modification THIRD BASKET' IS BACKED Doughton Hopes for Quick Vote--Measure Faces Fight in the Senate . No General Cuts Proposed Senate May Drop Title 1-B Exemptions Are Provided NEW TAX MEASURE UP IN HOUSE TODAY Some Excise Taxes Cut Out

By Special to THE NEW YORK TIMES

majority rept; text

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Niemoeller Freed in Reich, Then Rearrested; Is Seized After Conviction at Sedition Trial

By Wireless to THE NEW YORK TIMES

freed; rearrested

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FULL TVA INQUIRY ASKED OF CONGRESS; Dr. A. E. Morgan Makes Direct Appeal for Joint Committee to End Breach CITES BERRY CASE IN PLEA He Charges Other Directors Sought to Conciliate Marble Case Over His Head Morgan Testified at Hearing DR. MORGAN ASKS FULL TVA INQUIRY Reviews Berry's Marble Case Says He Protested Pact TVA Headquarters Silent

By Turner Catledgespecial To the New York Times

Chmn A E Morgan cites decision as vindication, charges other dirs, D E Lilienthal and Dr H A Morgan, sought to conciliate claims; chmn asks House-Sen com inquiry

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LA GUARDIA SCORED; Council Democrats See Extravagance, but the Levy Is Adopted KINSLEY HOLDS VOTE VOID Warns That Morris Presided Illegally--Higher Rents Are Threatened Holds Rate Invalid Mayor Called "Luxury" WIDE CRITICISM OF CITY TAX RATE Warns Against Tinkering Wide Interest in New Rate

By Unknown Author

Council sets basic rate; Kinsley holds vote void; interests opposed

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CONFESSION FALSE, SOVIET AIDE SAYS; 20 ADMIT CHARGES; Krestinsky, Ex-Vice Commissar of Foreign Affairs, Turns on Accusers at Trial RYKOFF CONTRADICTS HIM Trotsky Again 'Chief Villain' in Moscow Hearing at Which More Are Implicated Repudiates Confession Questioned About a Plot CONFESSION FALSE, SOVIET AIDE SAYS Denies Seeing Trotsky Confessions Not Necessary

By Harold Dennywireless To the New York Times

trial opens; indictment read; Krestinsky refuses to plead guilty; repudiates confession; denies S A Bessenoff's testimony alleging contacts with Trotsky; Grinko testifies

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