Word: hapag
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...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. In due course competing...
...Hapag" offices at No. 39 Broadway Mr. Lederer has a street-level office, walls hung with pictures of famous liners which have flown the blue, white and yellow "Hapag" flag. He speaks with an accent which becomes marked when he gets excited. This is apt to be frequent and employes dread "E. L.'s" wrath although they know it is always justified. Legend is the story that one day he overheard a prominent Manhattan lady arguing about rates. After listening awhile he rushed up and bellowed: "Veil, do you want to buy the ship?" Startled, she mended her behavior...
...Hapag" the Germans gaily call that steamship line more sedately known as Hamburg-Amerikanische-Paketfahrt-Aktien-Gesellschaft...