Word: hjalmar
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...former Economics Minister Jelal Bayar, replacing famed General Ismet Inönü who has been Premier almost as long as KamĊl Atatürk has been Dictator (15 years). It was as if Dictator Hitler had suddenly replaced Four-Year-Plan Director General Goring by Dr. Hjalmar Schacht (see col. 2). Moreover, Renovator KamĊl Atatürk brusquely called back last week from the League of Nations session famed Turkish Foreign Minister Dr. Tewfik Rushtu Aras, a onetime obstetrician who was present at the accouchement of Young Turkey and has represented her abroad...
...increasingly strange case of Reichsbank President & Economics Minister Dr. Horace Greeley Hjalmar Schacht, who recently laid his resignation before Adolf Hitler (TIME, Sept. 27), significantly pointed up last week the curious fashion in which Nazidom is ruled. Unlike Mussolini, who is a Dictator in the classic sense, the Führer does not so much dictate as preside over a cluster of semiautonomous, mutually-jealous State and Party cliques, intervening chiefly when their affairs have reached a crisis. In his alternately moody or excited fashion Hitler talks with fewer leading men in a week than Mussolini calls in and actively...
There was hardly a bigger story in Europe last week than this: Dr. Horace Greeley Hjalmar Schacht had laid his resignation before Herr Adolf Hitler and the Economics Ministry he wanted to resign had been physically taken over by Colonel General Hermann Wilhelm Gőring...
...emphasized Herr Hitler's main points: 1) He bluntly warned German industrialists that if they cannot speed production to make the Third Reich economically self-sufficient, state capitalism will follow. This sounded more ominous in light of persistent rumors from Berlin last week that Minister of Economics Dr. Hjalmar Schacht, who has kept the Reich going by rabbit-out-of-hat financing, will resign because his economic views differ widely from those of Economic Dictator General Goring. 2) Timed to coincide with the blistering notes exchanged by Russia and Italy over the Mediterranean crises, the Fuhrer's Proclamation...
These paper figures were no index of the true state of Germany's trade troubles. Faced with the cost of providing Germany with a million fully-equipped troops, faced with the expense of a grandiose public-works scheme, shrewd conservative Dr. Horace Greeley Hjalmar Schacht, Reich Minister of Economics, has long been doing sleight of hand with Germany's foreign trade. With gold in the Reichsbank dwindling toward zero, Germany, since the rise of raw-material prices in 1935, has had to export finished goods at uneconomical prices in order to get currency to buy abroad such...