Word: ning
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Like a red cloak at a bullfight was the red morocco brief case which Chancellor Heinrich ("Iron Cross") Brüning carried ostentatiously under his arm last week as he entered the Reichstag to put his new Cabinet (TIME, April 7) to the test-a vote of confidence...
...opening the case, Chancellor Brüning could, under Article 48 of the German Constitution, make himself virtual dictator of the Reich for a period of three months which must pass before a new Reichstag could be elected and assembled. Crack! went the invisible Hindenburg whip and the Reichstag deputies in their confusion and buzzing excitement resembled an arena-full of balky bulls...
This made it unnecessary for Chancellor Brüning to unlock his brief case. He put to vote a Communist and Socialist motion of noconfidence, defeated it by the smashing victory...
...After adjourning for one day to mourn Belgium's Delacroix, the bankers got back to their ballroom, soon rounded out a major portion of their labors by announcing that they had reached agreement in principle on the following attributes of the Bank for International Settlements (now begin ning to be called the "Young Bank"). Capital to be $100,000,000 as envisioned in the Young Plan. Board of Governors to comprise: first, six Governors ("Bix Six") representing the central banks of Britain, Belgium, France, Germany, Italy, Japan; second, two U. S. Governors ("Big Two") elected...
...hand in Gold Dust Corp. of which he is now chairman. He was invited to reorganize American Cotton Oil Co. and did so with such effect that in about five years the value of the company's stock was multi plied 15 times. That was only the begin ning of a career of reorganizations and purchases. Today George K. Morrow. 55, keen-eyed, grey, sturdy, has a home on Long Island, golfs week-endly at the Pomonok Country Club (Flushing), owns the Mono, yacht of the late Marcus Loew...