Word: hamburg-american
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Stockholders of the Hamburg-American Line filed into their annual meeting at Hamburg last week as though into a morgue. Adolf Hitler has reduced Nazi interference with German industry to a minimum, placing at his Cabinet's right hand an Economic Council of industrial tycoons (TIME, July 24). But shipping is another matter. Last week slender, stern old Dr. Max von Schinckel, board chairman of Hamburg-American since 1910, rose to announce the resignation of himself and the entire board...
Going further, Dr. von Schinckel hurled a thinly veiled reproof at Nazi policies. "Dissatisfaction in the outside world toward Germany and the boycott movement are making themselves strongly felt." said he. "This has severely hurt the Hamburg-American Line's business and is continuing to hurt it and German shipping generally. . ". . My colleagues and I are resigning with regret. It is not our way to be leaving the company when things are going badly but developments have left us no choice...
...voice its ardent loyalty to our leader, Adolf Hitler, and to the spirit of National Socialism." This was done and Nazi Helfferich, whose chief reputation is that of a successful trader and plantationist in the East Indies, marched out of the meeting as the duly elected board chairman of Hamburg-American...
...Wellesley Hills is the largest in the world. . . Stop at the Administration Building on Hill side road near Houghton's Pond in the Blue Hills Reservation. . . If you can bear to visit transatlantic liners (or can pretend to be looking them over with an eye to choice) the Italian, Hamburg-American, Cunard and White Star lines welcome visitors. . . If the dogs of conscience drag you to the Art Museum, don't forget you can get lunch on the premises. . . And finally, if you can save out seventy-five cents, there's tea at the Ritz
...presidency, President Lowry stepped down to a vice-presidency. Asked the reason, President Tomlinson said: "Throughout the company we are carrying double or combining jobs wherever possible to save overhead. In this spirit the offices of chairman and president have been combined." Marius Boeger, vice chairman of Hamburg-American Line, was elected chairman, succeeding the late Dr. Wilhehn Cuno (TIME...