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Ch. 4: Part II: Chairmanship de Beers

Ch. 4: Part II: Chairmanship de Beers Page of 688 Ch. 4: Part II: Chairmanship de Beers Text size:minus plus Restore normal size   Mail page  Print this page
FROM CRISIS TO CHAIRMANSHIP OF DE BEERS                 191
On 29 November Ernest Oppenheimer was writing to Louis: 'I hope to hear soon that the chairmanship [of the Premier Mine] is fixed up. So far was we are concerned my appointment will only be useful in the sense that it will accustom my colleagues in Kimberley to the idea of my taking charge.' As late as 2 December Louis was warning him: 'Solly told me that they again referred the matter of [the] Premier chairmanship to Kimberley and he thinks the matter will have to go to a vote. . . . Bessborough was here for a few minutes on Wednes­day and told me he wanted to try not to split the board.' In fact, Hirschhorn maintained his opposition to the end, being the only member of the board to vote in the negative (by cable) when the matter came up on 10 December 1927, the reasons given being that 'being interested in Syndicate, Sir Ernest would hold a dual position, which should not be [sic] in the case of the choice of the chairman'.
♦ VII ♦
It must never be overlooked that the world of diamonds, difficult as its problems were, was not Ernest Oppenheimer's only preoccupa­tion. The years in which Lichtenburg and Namaqualand were revolu­tionizing alluvial diamond production were also the years of the opening up of the Rhodesian Copperbelt, the years of the 'platinum boom' and the extension of the gold-mining industry. With all these matters Ernest Oppenheimer was concerned and yet, even if the diamond industry alone is considered, the burden upon him was immense. Emotionally and strategically, the struggle for the chairman­ship of De Beers was of great importance to him, but it was only part of a wide complex of problems.
Undoubtedly, at the beginning of 1928, the most urgent issue was the attitude which Government intended to take up. Some indications had been given by the Minister of Mines at a conference of diamond producers called under section 115 (subsection (10)) of the Precious Stones Act, 1927, held at Pretoria on 1 December 1927. Ernest Oppen­heimer, who was present, summed up his 'impressions' in an interesting document, though, as he said, those 'impressions' were 'not based on anything which the Minister actually said. They were gained by reading between the hnes and by things which he omitted to say. In short, they are guesses believed to be well founded.'
Ch. 4: Part II: Chairmanship de Beers Page of 688 Ch. 4: Part II: Chairmanship de Beers
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