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Whom does North Carolina's Governor Luther Hodges think he is fooling when he wines and dines Guinea's President Toure while students are not good enough to eat a hot dog in a local five...

Author: /time Magazine | Title: Letters, Mar. 14, 1960 | 3/14/1960 | See Source »

When Sékou Touré of Guinea in 1958 visited his brother African leader, Kwame Nkrumah of Ghana, he ran his fingers over the furniture in Nkrumah's Christiansborg Castle in awe, saying, "The British left everything, even the ashtrays!" Things had been different when Touré demanded and got independence for Guinea, making it the only African state to secede from De Gaulle's French Community. Petulantly, the departing French took everything-the telephones and electric-light sockets, typewriters, chairs, tables, even the government records-leaving Guinea (pop. 2,800,000) to start building a nation...

Author: /time Magazine | Title: GUINEA: Toure's Troubles | 3/14/1960 | See Source »

When the West was slow with offers of aid, Leftist Touré simply turned to Communist countries. Last week Guinea's warehouses bulged with surplus East German cement, with 200 new Praga and Skoda cars just in from Czechoslovakia, and with the secret cargoes of Russian and Czech transport planes unloaded under guard. Communist money was building a huge new printing plant for Guinea, to be followed by a powerful radio station. Communist Czechs operate Conakry's airport and harbor, and a Communist Pole is Touré's adviser on public works. Even the Red Chinese were...

Author: /time Magazine | Title: GUINEA: Toure's Troubles | 3/14/1960 | See Source »

Last week Touré, in desperation, chose the path of many impoverished young nations. Assured of a $35 million credit from Russia, he cut Guinea's ties with the French franc, announced Guinea henceforth would have its own currency which, by terms of his own decree, has no value in foreign trade. Dismayed, Shell, Texaco and Socony Mobil were mulling over whether it was worth it to stay. At the big Fria Alumina Works (48.5% owned by the U.S.'s Olin Mathieson Chemical Corp.), 300 European workers went on strike, halting production, seeking some guarantee that their paychecks...

Author: /time Magazine | Title: GUINEA: Toure's Troubles | 3/14/1960 | See Source »

...which it uses 6%, is no longer enough. Its search for additional sources of cheap power (and cheap raw materials) has also led it to Africa, where it joined an international consortium, including Olin-Mathieson, to build an aluminum plant in Cameroon, helped build an ore-processing plant in Guinea (with a housing development and community swimming pool), is planning still other plants in Guinea and the Republic of the Congo. Its Lacq plant will raise the company's aluminum capacity to 200,000 tons, about four times its 1949 capacity, but only half the company...

Author: /time Magazine | Title: BUSINESS ABROAD: Audacity & Measure | 3/14/1960 | See Source »

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