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...Published by the Associated Press last week was the historic, closely guarded letter which Germany's President Hindenburg wrote President Hoover the day the debt holiday plan was announced in June. Excerpts: "The dire distress of the German people which is now at its highest peak compels me to turn to you. . . . Every possibility of improving the situation by internal measures, without relief from the outside world, has been exhausted. The economic crisis strikes the German people who have been robbed of their reserves through the consequences of the War, with especial vehemence. . . . The ability, the will to work...

Author: /time Magazine | Title: THE PRESIDENCY: The Hoover Week: Aug. 3, 1931 | 8/3/1931 | See Source »

...legally obligatory on itself any fresh obligations which may be assumed toward France." Schmitz. Back from London came Brüning with nothing lost, little accomplished. Mindful of the Erzberger warning, he 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...

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

...that was what Statesman Stimson found he said nothing about it. He arrived at Berlin, called on Old Paul von Hindenburg, on Chancellor Brüning, on Foreign Minister Curtius, was solemnly taken to see the Greek sculpture in the Pergamon Museum and lunched on venison and Moselle in a public restaurant on the Wannsee (Tub Lake). Then he departed by Hook of Holland for London, passing en route Ramsay MacDonald and "Uncle Arthur" Henderson on their way to go through much the same performance...

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

...power. Suddenly the news spread that Hugenberg owed $5,000,000 to the Danat bank which failed fortnight ago. Then was seen some of the shrewdness of the old man in the President's Palace and his keen-eyed disciple. By letting Danat fail, Brüning and Hindenburg had muffled Hugenberg. Munich authorities, on orders from Berlin, suppressed Hitler's paper Völkischer Beobachter (People's Observer...

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

Confidence. Final evidence of President Hindenburg's stabilizing power upon his country was seen when the Council of Elders of the Reichstag met on the eve of Chancellor Brüning's departure for Paris. Mere mention of the possibility that Old Paul might resign was sufficient to squelch all talk of convening the Reichstag, to force a vote of confidence in Old Paul's man Brüning...

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

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