The Invisible Government | Page 7

Director of
the Council on Foreign Relations, wrote a letter answering a question
about President Kennedy's membership. Mr. Franklin said:
"I am enclosing the latest Annual Report of the Council with a list of
members in the back. You will note that President Eisenhower is a
member, but this is not true of either President Kennedy or President
Truman."
President Kennedy is not listed as a member in the 1960-61 Annual
Report of the CFR.
The complete roster of CFR members, as set out in the 1960-61 Annual
Report, is in Appendix I of this volume. Several persons, besides
President Kennedy, whom I have called CFR members are not on this
roster. I have called them CFR members, if their names have ever
appeared on any official CFR membership list.
The Council is actually a small organization. Its membership is
restricted to 700 resident members (American citizens whose
residences or places of business are within 50 miles of City Hall in

New York City), and 700 non-resident members (American citizens
who reside or do business outside that 50-mile radius); but most of the
members occupy important positions in government, in education, in
the press, in the broadcasting industry, in business, in finance, or in
some multi-million-dollar tax-exempt foundation.
An indication of overall accomplishments of the Council can be found
in its Annual Report of 1958-59, which reprints a speech by Walter H.
Mallory on the occasion of his retiring after 32 years as Executive
Director of the Council. Speaking to the Board of Directors of the
Council at a small dinner in his honor on May 21, 1959, Mr. Mallory
said:
"When I cast my mind back to 1927, the year that I first joined the
Council, it seems little short of a miracle that the organization could
have taken root in those days. You will remember that the United
States had decided not to join the League of Nations.... On the domestic
front, the budget was extremely small, taxes were light ... and we didn't
even recognize the Russians. What could there possibly be for a
Council on Foreign Relations to do?
"Well, there were a few men who did not feel content with that
comfortable isolationist climate. They thought the United States had an
important role to play in the world and they resolved to try to find out
what that role ought to be. Some of those men are present this
evening."
The Council's principal publication is a quarterly magazine, Foreign
Affairs. Indeed, publishing this quarterly is the Council's major activity;
and income from the publication is a principal source of revenue for the
Council.
On June 30, 1961, Foreign Affairs had a circulation of only 43,500; but
it is probably the most influential publication in the world. Key figures
in government--from the Secretary of State downward--write articles
for, and announce new policies in, Foreign Affairs.
Other publications of the Council include three volumes which it

publishes annually (Political Handbook of the World, The United States
in World Affairs and Documents on American Foreign Relations), and
numerous special studies and books.
The Council's financial statement for the 1960-61 fiscal year listed the
following income:
Membership Dues $123,200 Council Development Fund $ 87,000
Committees Development Fund $ 2,500 Corporation Service $112,200
Foundation Grants $231,700 Net Income from Investments $106,700
Net Receipt from Sale of Books $ 26,700 Foreign Affairs Subscriptions
and Sales $210,300 Foreign Affairs Advertising $ 21,800
Miscellaneous $ 2,900 --------- Total $925,000
"Corporation Service" on this list means money contributed to the
Council by business firms.
Here are firms listed as contributors to the Council during the 1960-61
fiscal year:
Aluminum Limited, Inc. American Can Company American Metal
Climax, Inc. American Telephone and Telegraph Company Arabian
American Oil Company Armco International Corporation Asiatic
Petroleum Corporation Bankers Trust Company Belgian Securities
Corporation Bethlehem Steel Company, Inc. Brown Brothers,
Harriman and Co. Cabot Corporation California Texas Oil Corp.
Cameron Iron Works, Inc. Campbell Soup Company The Chase
Manhattan Bank Chesebrough-Pond's Inc. Chicago Bridge and Iron Co.
Cities Service Company, Inc. Connecticut General Life Insurance
Company Continental Can Company Continental Oil Company Corn
Products Company Corning Glass Works Dresser Industries, Inc. Ethyl
Corporation I. I. du Pont de Nemours & Co., Inc. Farrell Lines, Inc.
The First National City Bank of New York Ford Motor Company,
International Division Foster Wheeler Corporation Freeport Sulphur
Company General Dynamics Corporation General Motors Overseas
Operations The Gillette Company W. R. Grace and Co. Gulf Oil
Corporation Halliburton Oil Well Cementing Company Haskins and
Sells H. J. Heinz Company Hughes Tool Company IBM World Trade

Corporation International General Electric Company The International
Nickel Company, Inc. International Telephone and Telegraph
Corporation Irving Trust Company The M. W. Kellogg Company
Kidder, Peabody and Co. Carl M. Loeb, Rhoades and Co. The Lummus
Company Merck and Company, Inc. Mobil International