Word: barmats
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Monarchist batteries replied fiercely that the Socialists knew that the amounts were being paid in 1923 and accused them of seeking to cloud over the Barmat scandal (see under) in which they are hopelessly implicated. Moreover, it was declared that the Government was entitled to make these payments without reference to the Reichstag by virtue of special emergency legislation...
...Barmat Scandal. For long it has been the practice of the German Government departments to invest their idle funds. Under the Bauer (Socialist) regime (June, 1919?Mar., 1920), the Ministry of Posts, which always has the largest cash reserves, invested through the firm of Barmat Brothers and other financial agents a large sum. The Government received in return questionable securities...
...months ago, the Barmat Brothers failed; the Government lost about $15,000,000 and the Prussian State Bank several more millions. The Reichstag and the Prussian Diet formed each a commission to inquire into the affairs of the Barmat Brothers...
...first step to be taken was the arrest of the four brothers Barmat. Preliminary investigations showed that wholesale corruption involving several prominent Socialists had been practiced. Monarchist guns barked their medley of jubilation. The Lokal Anziger printed a letter which clearly revealed the painful fact that ex-Chancellor Bauer had accepted money from the Barmats. The Socialist Party forced Bauer to resign from the Reichstag?but nothing it could do could temper the cracking shrapnel that spat its hate on every side. Dr. Anton Hofle, ex-Minister of Ports, resigned temporarily from the Reichstag and his trial was rumored...
Retorted Breitscheid with heat: "That is a scoundrelly thing to say!" Cries of "Barmat!" (Reference to an impending trial of Barmat Brothers, bankers, scandals involving whom are said to implicate several leading Socialists...
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