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Word: disconto (lookup in dictionary) (lookup stats)
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...nominees for the post were Dr. Helfferich, former Imperial Minister of Finance, and Dr. Hjalmar Schacht, a partner in the Disconto Gesellschaft (Company). The battle was ended by a vote appointing Dr. Schacht President of the Reichsbank. He will be "Germany's money dictator and to currency and finance what General von Seeckt is to the Reichswehr as Commander-in-Chief...

Author: /time Magazine | Title: Foreign News: The Reichsbank | 12/31/1923 | See Source »

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