Word: coppers
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Exports: Negligible. Per capita income: $46. U.S. aid (1961): $100,000. Rich iron ore, copper deposits to be developed by West-financed, $190 million project. Neighboring Morocco claims whole country...
...Gizenga, who almost made Eastern Province a Communist preserve last year, and zany "King" Albert Kalonji of South Kasai. But Adoula still has not rid himself of the biggest headache of all, stubborn President Moise Tshombe of Katanga Province, who has a firm grip on the Congo's copper-rich southeast corner and refuses to share its $50 million annual revenue with the rest of the nation...
...repeated concessions, such as a revised constitution to give Katanga greater local autonomy in a federal Congo. But Tshombe wanted all or nothing: virtual independence for Katanga, his own gendarmery, and a corps of foreign mercenaries to run it. While he still would not agree to divvy up the copper profits with the Central government, Tshombe announced a $2,000,000 gift to the Congo, "to ease the catastrophic position and especially aid the poor and unemployed." In the latest six-week round of talks, the only thing Tshombe would agree on was formation of four advisory committees to discuss...
Died. Frederick Hill Meserve, 96, retired textile executive whose hobby of collecting likenesses of President Abraham Lincoln grew into a unique historical archive (more than 200,000 pictures of Civil War personalities), the source for the busts of the 16th President on the $5 bill and the copper 1 ?piece, who also turned up a rare photo of Assassin John Wilkes Booth attentively listening in the audience at Lincoln's Second Inaugural Address; in Manhattan...
...Holdouts. For most investors, Rhodesian and foreign alike, all this makes Central Africa seem a bad risk. But one important group is holding out against the tide of pessimism: the three great companies that dominate the Copper Belt and have a stake of $850 million to defend in Northern Rhodesia...