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Finance Minister Hermann Dietrich announced last week that German revenues for the first quarter of 1931 (taxes, customs receipts) are more than $100,000,000 short of the estimate and added: "It is considered almost certain that the current quarter will show a still greater drop." At the same time German papers announced that the German birthrate had dropped below the French birthrate "for the first time in modern history." Editors blamed the Depression...

Author: /time Magazine | Title: GERMANY: Bull-by-the-Tail | 8/10/1931 | See Source »

...slipped off the train at a Berlin suburban station early in the morning, motored unobserved to President Hindenburg's palace on the Wilhelmstrasse. With him was a man who had been present at every conference in London, saying little, unnoticed by British reporters: white-haired, pleasant-faced Hermann Schmitz, Germany's emergency director of finance. Brüning, Hindenburg & Co. had picked him for the job of preventing the leakage of German funds abroad on the principle of setting a Schmitz to catch a thief. As financial adviser of the great German Dye Trust, sly Schmitz organized...

Author: /time Magazine | Title: GERMANY: Pan-Chaos | 8/3/1931 | See Source »

John Barry Ryan, son-in-law of Banker Otto Hermann Kahn, called Vice President Charles Sherman ("Casey") Jones of Curtiss-Wright Corp. on the telephone at 3:30 a. m. Mr. Ryan said he wanted Mr. Jones to fly to Southampton and to Boston with some books that morning. Mr. Jones agreed and four hours later alighted at Piping Rock Country Club where Mr. Ryan handed him books addressed to Mrs. Ryan, to Mrs. Charles Hamilton Sabin, Cardinal O'Connell and Eleonora Sears. The books were copies of Verses by Barry Vail. "Barry Vail" is John Barry Ryan. Sample...

Author: /time Magazine | Title: People, Aug. 3, 1931 | 8/3/1931 | See Source »

Schmitz. Chosen as Federal Commissioner for Finance to try to pull German banks and industries back on their feet was Hermann Schmitz. Herr Schmitz is little known in the U. S., but his appointment seemed obvious to German editors. President Hans Luther of the Reichsbank could not take the job; he had far too many other things to do. Because of the intricate politics and jealousies of German finance, no professional banker could be appointed. Herr Schmitz is the next best thing. He is the financial adviser, the banking counsel of the largest corporation in Germany, the German Dye Trust...

Author: /time Magazine | Title: GERMANY: Ein' Feste Burg | 7/27/1931 | See Source »

...Manhattan, Cosach director. Fluently and statistically they won other nations over to their contention that Chile had been asked to bear too great a monetary burden, that there was no reason why Chile's natural nitrates should sell higher than the synthetic product. But unbudgeable was Dr. Hermann Schmitz of Germany's I. G. Farben-industrie (who last week became all Germany's financial mentor-see p. 15). When Dr. Schmitz suddenly revealed that Germany had placed a prohibitive tariff on Chilean nitrates the South American nation withdrew from the cartel. For one more night the other...

Author: /time Magazine | Title: Business: Chile v. Europe | 7/27/1931 | See Source »

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