Word: ning
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Gruff old President Paul von Hindenburg gurgled and thundered in terrifying fashion last week, according to reports from his summer Red House at Neudeck. Chancellor Heinrich Brüning had just come out from Berlin in hangdog fashion, admitted that the Budget was in chaos, presented the resignation of Finance Minister Paul Moldenhauer...
Inept Professor Moldenhauer estimated when he brought the Budget in that it would exactly balance. Last week he discovered instead a deficit of $178,800,000. Members of the Brüning Government, a "Cabinet of Nobodies," know well enough that their tenure of power is dependent on the will and prestige of HINDENBURG. Sheepishly in the Red House the Chancellor was understood to have proposed that Germany's famed "Iron Man," Dr. Hjalmar Schacht, recently Director of the Reichsbank, should be made Finance Minister...
This amounted to suggesting that the Government run to cover, hide behind the long black skirts of Dr. Schacht's frock coat. Such a plan did not please HINDENBURG. Wrathfully he told Herr Brüning to take the Finance Ministry himself, bade him clean out a sty of ineptitude which he should have smelled and disinfected long...
...Reichstag lobbies it was said that Dr. Hugenberg and the Big Business wing of his party had been forced to reverse overnight by the agrarian wing, made up of farmers and landed proprietors fanatically loyal to HINDENBURG. The victory of "Iron Cross" Brüning was thus purely a triumph for the President of the Republic...
...ministerial declaration Dr. Brüning was annoyingly vague, promised in a general way to continue Germany's present foreign policy "unchanged," to promote the country's "economic health.'' He did not even mention these live political issues: 1) Shall Germany build a second "pocket battleship" like the famed Ersatz Preussen? (TIME, Nov. 26, 1928) 2) Along what lines will the Government administer the new Defense-of-the-Reich Act? (TIME, March 31) 3) What is to be done about Thuringia's Minister of Interior, redoubtable Dr. Frick, who continues to defy the central German...