At this point the question naturally arises—what is the SociÉtÉ Generale? To ask it in Belgium would be on a par with inquiring the name of the king. Its bank notes are in circulation everywhere and it is known to the humblest peasant.

The SociÉtÉ Generale was organized in 1822 and is therefore one of the oldest, if not the oldest, joint stock bank of the Continent. The general plan of the famous Deutsche Bank of Berlin, which planted the German commercial flag everywhere, and which provided a large part of the bone and sinew of the Teutonic world-wide exploitation campaign, was based upon it. With finance as with merchandising, the German is a prize imitator.

The SociÉtÉ Generale, however, is much more than a bank. It is the dynamo that drives Belgian enterprise throughout the globe. We in America pride ourselves on the fact that huge combinations of capital geared up to industry are a specialty entirely our own. We are much mistaken. Little Belgium has in the SociÉtÉ an agency for development unique among financial institutions. Its imposing marble palace on the Rue Royale is the nerve center of a corporate life that has no geographical lines. With a capital of 62,000,000 francs it has piled up reserves of more than 400,000,000 francs. In addition to branches called "filial banks" throughout Belgium, it also controls the powerful "Banque pour l'Etranger," which is established in London, Paris, New York, Cairo, and the Far East.

One distinctive feature of the SociÉtÉ Generale is its close alliance with the Government. It is a sort of semi-official National Treasury and performs for Belgium many of the functions that the Bank of England transacts for the United Kingdom. But it has infinitely more vigour and push than the Old Lady of Threadneedle Street in London. Its leading officials are required to appear on all imposing public occasions such as coronations and the opening of Parliament. 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.

Long before the Forminiere came into being, the SociÉtÉ Generale was the chief financial factor in the Congo. With the exception of the Huileries du Congo Belge, which is British, it either dominates or has large holdings in every one of the sixteen major corporations doing business in the Colony and whose combined total capitalization is more than 200,000,000 francs. This means that it controls railways and river transport, and the cotton, gold, rubber, ivory and diamond output.

The custodians of this far-flung financial power are the money kings of Belgium. Chief among them is Jean Jadot, Governor of the SociÉtÉ Generale—the institution still designates its head by this ancient title—and President of the Forminiere. In him and his colleagues you find those elements of self-made success so dear to the heart of the human interest historian. It would be difficult to find anywhere a more picturesque group of men than those who, through their association with King Leopold and the SociÉtÉ, have developed the Congo and so many other enterprises.

Jadot occupies today the same position in Belgium that the late J. P. Morgan held in his prime in America. He is the foremost capitalist. Across the broad, flat-topped desk of his office in that marble palace in the Rue Royale the tides of Belgian finance ebb and flow. Just as Morgan's name made an underwriting in New York so does Jadot's put the stamp of authority on it in Brussels. Morgan inherited a great name and a fortune. Jadot made his name and his millions.

When you analyze the lives of American multi-millionaires you find a curious repetition of history. Men like John D. Rockefeller, Henry H. Rogers, Thomas F. Ryan, and Russell Sage began as grocery clerks in small towns. Something in the atmosphere created by spice and sugar must have developed the money-making germ. With the plutocrats of Belgium it was different. Practically all of them, and especially those who ruled the financial institutions, began as explorers or engineers. This shows the intimate connection that exists between Belgium and her overseas interests.

Jadot is a good illustration. At twenty he graduated as engineer from Louvain University. At thirty-five he had directed the construction of the tramways of Cairo and of the Lower Egyptian Railways. He was now caught up in Leopold's great dream of Belgian expansion. The moment that the king obtained the concession for constructing the 1,200 mile railway from Pekin to Hankow he sent Jadot to China to take charge. Within eight years he completed this task in the face of almost insuperable difficulties, including a Boxer uprising, which cost the lives of some of his colleagues and tested his every resource.

In 1905 he entered the SociÉtÉ Generale. At once he became fired with Leopold's enthusiasm for the Congo and the necessity for making it an outlet for Belgium. 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.

When you meet Jadot you are face to face with a human organization tingling with nervous vitality. He reminds me more of E. H. Harriman than of any other American empire builder that I have met, and like Harriman he seems to be incessantly bound up to the telephone. He is keen, quick, and forceful and talks as rapidly as he thinks. Almost slight of body, he at first gives the impression of being a student for his eyes are deep and thoughtful. There is nothing meditative in his manner, however, for he is a live wire in the fullest American sense. Every time I talked with him I went away with a new wonder at his stock of world information. Men of the Jadot type never climb to the heights they attain without a reason. In his case it is first and foremost an accurate knowledge of every undertaking. He never goes into a project without first knowing all about it—a helpful rule, by the way, that the average person may well observe in the employment of his money.

If Jadot is a live wire, then his confrere, Emile Francqui, is a whole battery. Here you touch the most romantic and many-sided career in all Belgian financial history. It reads like a melodrama and is packed with action and adventure. I could almost write a book about any one of its many stirring phases.

At fourteen Francqui was a penniless orphan. He worked his way through a regimental school and at twenty was commissioned a sub-lieutenant. It was 1885 and the Congo Free State had just been launched. Having studied engineering he was sent out at once to Boma to join the Topographic Brigade. During this first stay in the Congo he was in charge of a boat-load of workmen engaged in wharf construction. The captain of a British gunboat hailed him and demanded that he stop. Francqui replied,

"If you try to stop me I will lash my boat to yours and destroy it with dynamite." He had no further trouble.

After three years service in the Congo he returned to Brussels and became the military instructor of Prince Albert, now King of the Belgians. The African fever was in his veins. He heard that a mission was about to depart for Zanzibar and East Africa. A knowledge of English was a necessary part of the equipment of the chief officer. Francqui wanted this job but he did not know a syllable of English. He went to a friend and confided his ambition.

"Are you willing to take a chance with one word?" asked his colleague.

"I am," answered the young officer.

He thereupon acquired the word "yes," his friend's injunction being, "If you say 'yes' to every question you can probably carry it off."

Francqui thereupon went to the Foreign Office and was immediately asked in English:

"Can you speak English?"

"Yes," was his immediate retort.

"Are you willing to undertake the hazards of this journey to Zanzibar?" queried the interrogator.

"Yes," came the reply.

Luck was with Francqui for, as his good angel had prophesied, his one word of English met every requirement and he got the assignment. Since that time, I might add, he has acquired a fluent command of the English language. Francqui has always been willing to take a chance and lead a forlorn hope.

It was in the early nineties that his exploits made his name one of the greatest in African conquest and exploration. He went out to the Congo as second in command of what was known as the Bia Expedition, sent to explore the Katanga and adjacent territory. After two hard years of incessant campaigning the expedition fell into hard lines. Captain Bia succumbed to smallpox and the column encountered every conceivable hardship. Men died by the score and there was no food. Francqui took charge, and by his indomitable will held the force together, starving and suffering with his men. During this experience he travelled more than 5,000 miles on foot and through a region where no other white man had ever gone before. He explored the Luapula, the headwaters of the Congo, and opened up a new world to civilization. No other single Congo expedition save that of Stanley made such an important contribution to the history of the Colony.

Most men would have been satisfied to rest with this achievement. With Francqui it simply marked a milepost in his life. 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.

In 1901 Francqui again went to China, this time as agent of the Compagnie d'Orient, which coveted the coal mines of Kaiping that were supposed to be among the richest in the world. The British and Germans also desired this valuable property which had been operated for some years by a Chinese company. As usual, Francqui got what he went after and took possession of the property. The crude Chinese method of mining had greatly impaired the workings and they had to be entirely reconstructed. Among the engineers employed was an alert, smooth-faced, keen-minded young American named Herbert Hoover.

Upon his return to Brussels Francqui allied himself with Colonel Thys, who was head of the Banque d'Outremer, the rival of the SociÉtÉ Generale. After he had mastered the intricacies of banking he became a director of the SociÉtÉ and with Jadot forged to the front in finance. If Jadot stood as the Morgan, then Francqui became the Stillman of the Belgian money world.

Then came the Great War and the German avalanche which overwhelmed Belgium. Her banks were converted into hospitals; her industry lay prostrate; her people faced starvation. Some vital agency was necessary to centralize relief at home in the same way that the Commission for Relief in Belgium,—the famous "C. R. B."—crystallized it abroad.

The Comite Rationale was formed by Belgians to feed and clothe the native population and it became the disbursing agent for the "C. R. B." Francqui was chosen head of this body and directed it until the armistice. It took toll of all his energy, diplomacy and instinct for organization. Needless to say it was one of the most difficult of all relief missions in the war. Francqui was a loyal Belgian and he was surrounded by the suspicious and domineering German conquerors. Yet they trusted him, and his word in Belgium for more than four years was absolute law. He was, in truth, a benevolent dictator.

His war life illustrates one of the quaint pranks that fate often plays. As soon as the "C. R. B." was organized in London Francqui hastened over to England to confer with the American organizers. To his surprise and delight he encountered in its master spirit and chairman, the smooth-faced young engineer whom he had met out in the Kaiping coal mines before. It was the first time that he and Hoover had seen each other since their encounter in China. They now worked shoulder to shoulder in the monster mercy of all history.

Francqui is blunt, silent, aggressive. When Belgium wants something done she instinctively turns to him. In 1920, after the delay in fixing the German reparation embarrassed the country, and liquid cash was imperative, he left Brussels on three days' notice and within a fortnight from the time he reached New York had negotiated a fifty-million-dollar loan. He is as potent in official life as in finance for as Special Minister of State without portfolio he is a real power behind a real throne.

Although Francqui is a director in the SociÉtÉ Generale, he is also what we would call Chairman of the Board of Banque d'Outremer. This shows that the well-known institution of "community of interests" is not confined to the United States. With Jadot he represents the SociÉtÉ in the Forminiere Board. I have used these two men to illustrate the type represented by the Belgian financial kings. I could mention various others. They include Alexander Delcommune, famous as Congo fighter and explorer, who is one of the leading figures of the Banque d'Outremer; Edmond Solvay, the industrial magnate, and Edward Bunge, the Antwerp merchant prince. Almost without exception they and their colleagues have either lived in the Congo, or have been guided in their fortunes by it.

You have now had the historical approach with all personal side-lights to the hour when America actually invaded the Congo. As soon as Leopold and Ryan finally got together the king said, "The Congo must have American engineers. They are the best in the world." Thus it came about that Central Africa, like South Africa, came under the galvanizing hand of the Yankee technical expert. At Kimberley and Johannesburg, however, the task was comparatively easy. The mines were accessible and the country was known. With Central Africa it was a different and more dangerous matter. The land was wild, hostile natives abounded on all sides, and going in was like firing a shot in the dark.

The American invasion was in two sections. One was the group of engineers headed by Sydney H. Ball and R. D. L. Mohun, known as the Ball-Mohun Expedition, which conducted the geological investigation. The other was in charge of S. P. Verner, an American who had done considerable pioneering in the Congo, and devoted itself entirely to rubber. The latter venture was under the auspices of the American Congo Company, which expected to employ the Mexican process in the Congo. After several years the attempt was abandoned although the company still exists.

I will briefly narrate its experience to show that the product which raised the tempest around King Leopold's head and which for years was synonymous with the name of the Congo, has practically ceased to be an important commercial commodity in the Colony. The reason is obvious. In Leopold's day nine-tenths of the world's supply of rubber was wild and came from Brazil and the Congo. It cost about fifty cents a pound to gather and sold for a dollar. Today more than ninety per cent of the rubber supply is grown on plantations in the Dutch East Indies, the Malay States, and the Straits Settlements, where it costs about twenty cents a pound to gather and despite the big slump in price since the war, is profitable. In the Congo there is still wild rubber and a movement is under way to develop large plantations. Labor is scarce, however, while in the East millions of coolies are available. This tells the whole rubber story.

The Ball-Mohun Expedition was more successful than its mate for it opened up a mineral empire and laid the foundations of the Little America that you shall soon see. Mohun was administrative head and Ball the technical head and chief engineer. Other members were Millard K. Shaler, afterwards one of Hoover's most efficient aids in the relief of Belgium, and Arthur F. Smith, geologists; Roland B. Oliver, topographer; A. E. H. and C. A. Reid, and N. Janot, prospectors.

Mohun, who had been engaged on account of his knowledge of the country, had been American Consul at Zanzibar and at Boma, and first left diplomacy to fight the Arab slave-traders in the interior. When someone asked him why he had quit the United States Government service to go on a military mission he said, "I prefer killing Arabs in the interior to killing time at Boma." He figured as one of Richard Harding Davis' "Soldiers of Fortune" and was in every sense a unique personality.

You get some idea of the hazards that confronted the American pioneers when I say that when they set forth for the Kasai region, which is the southwestern part of the Congo, late in 1907, they were accompanied by a battalion of native troops under Belgian officers. Often they had to fight their way before they could take specimens. On one occasion Ball was prospecting in a region hitherto uninvaded by the white man. He was attacked by a large body of hostile savages and a pitched battle followed. In informal Congo history this engagement is known as "The Battle of Ball's Run," although Ball did no running. As recently as 1915 one of the Forminiere prospectors, E. G. Decker, was killed by the fierce Batshoks, the most belligerent of the Upper Kasai tribes. The Ball-Mohun group, which was the first of many expeditions, remained in the field more than two years and covered a wide area.

Up to this time gold and copper were the only valuable minerals that had been discovered in the Congo and the Americans naturally went after them. Much to their surprise, they found diamonds and thereby opened up a fresh source of wealth for the Colony. The first diamond was found at Mai Munene, which means "Big Water," a considerable waterfall discovered by Livingstone. This region, which is watered by the Kasai River, became the center of what is now known as the Congo Diamond Fields and remains the stronghold of American engineering and financial enterprise in Central Africa. On a wooded height not far from the headwaters of the Kasai, these path-finding Americans established a post called Tshikapa, the name of a small river nearby. It is the capital of Little America in the jungle and therefore became the objective of the second stage of my Congo journey.