Previous high-resolution electron microscopy (HREM) observations of th
e carbon nanotubes have led to a ''Russian doll'' structural model tha
t is based on hollow concentric cylinders capped at both ends. The str
uctures of the carbon nanotubes and particles were characterized here
by bulk physical and chemical property measurements. The individual na
nostructure is as compressible as graphite in the c axis, and such nan
ostructures can be intercalated with potassium and rubidium, leading t
o a saturation composition of ''MC(8).'' These results are counter to
expectations that are based on a Russian doll structure. HREM after in
tercalation with potassium and deintercalation indicates that individu
al nanoparticles are a ''paper-mache'' of smaller graphite layers. Dir
ect current magnetization and electron spin resonance measurements ind
icate that the electronic properties of the nanostructures are distinc
tly different from those of graphite. Although the nanostructures have
distinct morphologies and electronic properties, they are highly defe
ctive and have a local structure similar to turbostratic graphite.