Word: hamburged
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...years inventors have been trying to make the wind generate electricity, but with no commercial success. Three years ago Julius D. Madaras, Detroit Hungarian, persuaded six power concerns that he could succeed by adapting a Magnus rotor such as carried Anton Flettner's sailing vessel Baden-Baden from Hamburg to Manhattan (TIME, May 24, 1926) and lifted Harold Elstner Talbott Jr.'s hydroplane from Long Island waters in 1930. The utilitarians gave Designer Madaras $104,000 to build a demonstration rotor at West Burlington, N. J. Last week he showed them that it works...
...banks as Manhattan's Chase National. The only way the U. S. banks can move these "blocked marks" is to sell them at a discount in dollars (usually 15%) to tourists or merchants who need marks to spend in Germany, Last spring the North German Lloyd and Hamburg-American ("Hapag") Lines began to accept blocked marks in payment for passage. Passengers who paid in blocked marks were pleased by what was to them a 15% rate cut on their tickets. The U. S. banks took the loss. The German lines received their full passage price in marks...
Before he became "Tsar" Mr. Lederer, now a naturalized U. S. citizen, was the U. S. resident director for Hamburg-American. Months ago he ordered his old business friends of Hapag and former business rivals of North German Lloyd to stop accepting blocked marks. For a while they disobeyed him, later obeyed. Last week Tsar Lederer, after delving through the two lines' books, decided that during their period of disobedience they lured away 4,000 passengers from the other conference lines. He ordered Hapag to pay $69,000 in restitution, North German Lloyd to pay $113,000-this money...
When Germany's two greatest shipping lines, North German Lloyd and Hamburg-American, were abruptly lumped together under Chancellor Adolf Hitler's "Maritime Adviser" Herr Emil Helfferich, the ousted former board chairmen of both lines revealed that "dissatisfaction in the outside world toward Germany" had sharply reduced their business (TIME, Aug. 1). Last week the German Government fought back against this blight on German shipping caused by the distaste of many travelers for anything remotely connected with Hitlerism...
...foreign ship. Since no trans-Atlantic passage can be bought for such a sum (except on a freight boat), this German order amounted to a boycott of U. S. and other foreign steamship companies serving Germany On the Berlin Stock Exchange shares of North German Lloyd and Hamburg-American bounded upward. "Maritime Adviser" Helfferich, board chairman of both lines, beamed, repeated his favorite slogan, "The spirit of Adolf Hitler is the best Nazi spirit! We will devote ourselves to fulfilling it." Meanwhile boycotted foreign shipping men devoted themselves to energetic protests. Both the U. S. and British embassies in Berlin...