The Invisible Government | Page 7

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 Oil Co. Model, Roland and Stone The National Cash Register Co. National Lead Company, Inc. The New York Times The Ohio Oil Co., Inc. Olin Mathieson Chemical Corporation Otis Elevator Company Owens-Corning Fiberglas Corporation Pan American Airways System Pfizer International, Inc. Radio Corporation of America The RAND Corporation San Jacinto Petroleum Corporation J. Henry Schroder Banking Corporation Sinclair Oil Corporation The Singer Manufacturing Company Sprague Electric Company Standard Oil Company of California Standard Oil Company (N. J.) Standard-Vacuum Oil Company Stauffer Chemical Company Symington Wayne Corporation Texaco, Inc. Texas Gulf Sulphur Company Texas Instruments, Inc. Tidewater Oil Company Time, Inc. Union Tank Car Company United States Lines Company United States Steel Corporation White, Weld and Co. Wyandotte Chemicals Corporation
What do these corporations get for the money contributed to the Council on Foreign Relations?
From the 1960-61 Annual Report of the Council:
"Subscribers to the Council's Corporation Service (who pay a minimum fee