Word: hjalmar
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Acute anxiety has racked German businessmen for months as they tried to find out whether famed Dr. Hjalmar Horace Greeley Schacht was being forced out as Minister of Economics, and as Dr. Schacht repeatedly offered his resignation, even told reporters at cocktail parties that he had resigned (TIME. Nov. 8). At long last Adolf Hitler, mystical and intuitive as ever, settled the question last week in his own good time and in his own characteristic words. Accepting the resignation of Dr. Schacht as Minister of Economics but not as Reichsbank President, Der Fuhrer next appointed Dr. Schacht...
Thus with masterly ambiguity Adolf Hitler bounced Hjalmar Schacht out of the Cabinet, also bounced him back in again.. Effect of this was to retain for Germany some of the kudos of Schacht's name in world finance...
Henchmen of Minister President General Hermann Wilhelm Göring, autocrat of the German Four-Year Plan of Rearmament and Autarchy, have long since occupied the Ministry of Economics (TIME, Sept. 27 et seq.), yet Berlin correspondents have been unable to get confirmation that Reichsbank President Dr. Hjalmar Schacht has actually resigned as Minister of Economics. Last week Dr. Schacht went to a cocktail party staged in farewell to U. S. Consul General Douglas Jenkins who is being transferred from Berlin to London...
...they say that, it is right!" barked Hjalmar Schacht. "I have resigned! It may be announced officially today or tomorrow. I have not been at my office at the Ministry of Economics since Aug.11...
...convinced they had heard the brusque, autocratic Reichsbanker squawk a guttural swan song. Others thought Dr. Schacht had delivered publicly just such an accounting of his stewardship as he might have made in private to convince the Führer that German economy must continue under Horace Greeley Hjalmar Schacht if the Fatherland is to avoid perilous overspending for rearmament, catastrophic inflation...