THE SATURDAY EVENING POST: July 14-July 21, 1962
"TEMPEST IN A RIVIERA TEAPOT"
page 34....Program Lures U.S. Companies
The program went into high gear in 1961 under the direction of a trim young American, Martin Dale, former U.S. vice consul in Nice. The prince named Dale as his private financial adviser with an office in the palace. Together Dale and Rainier organized the Monaco Economic Development Corporation, to bring new businesses with high standards into Monaco. In 1961 Dale approved forty-six firms which had been enticed by his brochure, Monaco Can Help Your Company.
From the U.S., for instance, came Rust Craft greeting cards, ALCO, which manufactures zippers, Allied Chemical, and Joy Manufacturing. On their way in when the crisis exploded were a New York bank and Chris-Craft boats.
....."We understand that the French irritated over the success of MEDEC."
[Prince Rainier:] "Yes, that's why we ended it a month sooner than we had planned. Yet, strangely enough, when De Gaulle was here in 1960, he asked me about Martin Dale, and he complimented me on our technical advances."
"Then why has he reversed his field?"
"The French delegation told my delegation that we were extracting ourselves from French influence."
"And being influenced by Americans instead?"
Rainier agreed. "If Martin Dale had been a Frenchman, it would probably have been all right. The French say it's in violation of our treaty to hire an American in a government position. But the treaty covers civil servants, which Dale is not. He is a member of my household. If I want a doctor who is a Turk, or an economic adviser who is an Israeli, this is my personal home, and I have a right to decide for myself.
"When the crisis arose, Dale offered his resignation. I said, 'I won't accept it.' But I did suggest that he take his vacation then. 'Your physical absence,' I told him, 'would be a good thing.'"....