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Updated: June 12, 2025
Before going to bed I sent a runner to Tshikapa to notify Donald Doyle, Managing Engineer of the Forminiere in the field, that I was coming and to send a motor car out to meet me. I promised this runner much matabeesh, which is the African word for a tip, if he would run the whole way.
The Belgian Government applies to the Société Generale whenever any national financial enterprise is to be inaugurated and counts upon it to take the initial steps. Thus it became the backbone of Leopold's ramified projects and it was natural that he should invoke its assistance in the organization of the Forminiere.
Midnight brought us to Kabambaie and the banks of the Kasai, where I found food and sanctuary at a Forminiere post. Here the thousands of tons of freight that come up the river from Dima by steamer and which are carried by motor trucks, ox teams, and on the heads of natives to this point, are placed on whale-boats and sent up the river to Tshikapa.
He wanted this Mexican process and at the same time he needed capital for the Congo. In any event, Ryan went to see him and the Forminiere was born. There is no need of rehearsing here the concrete details of this enterprise. All we want are the essential facts. Leopold realized that the Forminiere was the last business venture of his life and he projected it on a truly kingly scale.
At the time of my visit there were twelve going mines in the Congo field, and three new ones were in various stages of advancement. The Forminiere engineers also operate the diamond concessions of the Kasai Company and the Bas Congo Katanga Railway which will run from the Katanga to Kinshassa.
In 1896, when he resigned from the army, Leopold had fixed his eyes on China as a scene of operations, and he sent Francqui there to clinch the Pekin-Hankow concession, which he did. In the course of these negotiations he met Jadot, who was later to become his associate both in the Société Generale and in the Forminiere.
This contact, however, save Stanley's share, was diplomatic and a passing phase. It was the prelude to the constructive and permanent part played by the American capitalists in the Forminiere, chief of whom is Thomas F. Ryan. The reading world associates Ryan with the whirlpool of Big Finance. He ruled New York traction and he recast the tobacco world.
Jadot was instrumental in organizing the Union Miniere and was also the compelling force behind the building of the Katanga Railway. In 1912 he became Vice Governor of the Société and the following year assumed the Governorship. In addition to being President of the Forminiere he is also head of the Union Miniere and of the new railroad which is to connect the Katanga with the Lower Congo.
Now we come to the third and the most important agency, so far as American interest is affected, in the Forminiere, whose empire is the immense section watered by the Kasai River and which extends across the border into Angola. In the Union Miniere you got the initial hint of America's part in the development of the Congo. That part, however, was entirely technical.
With the Forminiere you have the combination of American capital and American engineering in an achievement that is, to say the least, unusual. The moment I dipped into Congo business history I touched the Forminiere for the reason that it was the pet project of King Leopold, and the last and favorite corporate child of his economic statesmanship.
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