Hank Mineral Quotes

Because in America there is a naive belief that we are all rugged individuals and can make it on our own, stock market and banking regulations became nonexistent. Consequently, on October 24, 1929, the New York Stock Market crashed, ushering in the “Great Depression.” It became a human tragedy that could have and should have been prevented! Well, not everyone was dancing anymore. The vast middle class was struggling; coal miners were still digging for the dirty black energy, deep within the earth and only getting black lung disease for their efforts. Farmers worked long hours to sow and harvest uncertain crops and the new immigrants just off the boat, worked for very small returns in the many unregulated sweatshops.

De Beers set up a purchasing office in Monrovia in 1954 where they bought diamonds, with the intent of keeping as much of the diamond trade under its control as possible. However by 1956, while I was still in Monrovia, there were approximately 75,000 illegal miners, who were smuggling these valuable stones on a vast scale. At that time I was offered the opportunity to get involved in this bonanza, which I fortunately did not do since some of my friends who did, went missing never to be seen again. At that time I was the Captain of a Farrell Line’s coastal ship and made additional pocket money running booze into the Liberian interior. In those days when someone disappeared or fell off of the grid, as we would say, the chance that they would be found again was exceedingly slim. In 1984 the De Beers Group (SLST) from South Africa, sold its remaining shares, under duress, to the Precious Metals Mining Company controlled by Lebanese National, Jamil Sahid Mohamed Khalil, was a questionable local businessman, as well as a diamonds and commodities trader. He became known throughout the world’s diamond industry as a wheeler-dealer and a politician, influential in Sierra Leone, where the majority of the blood diamonds came from. In 1999, when South African mercenaries invaded Sierra Leone’s capital city Freetown, Jamil attempted to flee from this West African country but was stopped prior to leaving his home. During this altercation, one of Jamil’s sons was shot to death right in front of him. The following year, Jamil died of a stroke after having successfully made his way to Lebanon.

Liberia is a country on the “Pepper Coast,” which in many ways mirrors the United States. While it has not been easy, the willingness of its dedicated, hardworking people has never subsided. Hopefully their endeavor to obtain a more perfect country will continue and perhaps the day will come when they can once again take the lead in Africa to find a brighter future. During the mid-1950’s I witnessed the effects of the sudden affluence that came with the mining of gold and blood diamonds in the interior mountains of Liberia and Sierra Leonne. Although driven out of Sierra Leonne in 1954, the De Beers cartel set up a covert purchasing office in Monrovia. By 1956, there were thousands of illegal miners from both sides of the international border selling their diamonds and gold to anyone interested at places like the French Hotel on Ashmun Street or the American Bar at Mamba Point. It was always difficult to know the value of the mostly industrial diamonds, wrapped a dirty handkerchief or the glitter of what appeared to be gold in laterite clay at the bottom of a tin can. Of course there were also con-men who had nothing more than broken pieces of coke bottles to sell. It was a time when fortunes were made and lives were lost. Needless to say that Liberia was and most likely still is a risky place to be! Now, many of the lower grade diamonds from Liberia are sold directly to dealers in Sierra Leone but the more valuable stones valued at $500,000 or more, which are usually found in Sierra Leone, are smuggled into Liberia to avoid a 15% Sierra Leone tax. Sometimes diamonds are traded for gold but it’s a risky business that frequently cost people their money and sometimes even their lives.