Word: gold
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Dates: during 1930-1939
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...were other, less mystical, reasons why Herr Hitler grabbed the Almighty's mantle so precipitately last week. In one fundamental sense it was a simple bank-robbing act. Germany, which must buy important raw materials outside her borders, needs real money. Germany reports about $29,000,000 in gold left (some esti mates: as high as $200,000,000). Czecho slovakia, an exporting country, had $80,000,000 in gold in its national bank, enough to offset Germany's adverse trade balance for a few months, and about two and a half times that much in foreign assets...
...dusk his car climbed the hill to ancient Hradschin Castle. Slowly he ascended its stairs to his suite, rooms used by Thomas Masaryk and Eduard Benes, founders of the republic. Adolf Hitler's personal gold-bordered swastika was unfurled overhead, he stepped to a window and looked down on the twinkling lights of another subject city...
...paper, however, the booty looks impressive: 1) about $80,000,000 in gold in the Czecho-Slovak National Bank; 2) about $200,000,000 in foreign exchange and foreign assets held abroad by individuals and corporations; 3) an agricultural surplus in Moravia and Bohemia sufficient to feed the Sudetenland, and in Slovakia sufficient to feed Vienna; 4) about 1,200 Czech airplanes (200 of them first-line), 500 tanks, some good heavy artillery; 5) increased industrial and arms capacity...
...there are many moldy spots in his prize package. About $37,000,000 of Czech gold is held in London, and since London refuses to recognize the new status of Czecho-Slovakia it cannot now be redeemed by the Germans. Not much more than 60% of the foreign exchange and as sets can be liquidated and returned to Germany. The chances are that from gold and foreign exchange the Reich will be able to realize not more than $200,000,000, or about enough to smooth out things for the Nazis for another six months. Even Austria yielded more money...
...business but radio the loss of a million and a half account would be a crusher, but to NBC it was just an unhappy horse trade. NBC lost Amos 'n' Andy, but promptly picked off the Robert Benchley-Artie Shaw Old Gold show, a Sunday night half-hour that was bringing CBS $10,830 weekly. This becomes an NBC show beginning...