Word: papen
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Dates: during 1930-1939
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Foreign investors who have kept on hoping that Germany will repay at least her "private debts" ($1,000,000,000) in money of some sort, were rudely shaken when a blunt electioneering speech was barked by Chancellor Franz von Papen last week to plump, approving Westphalian industrialists at Paderborn...
...Munich, earlier in the week, aristocratic Chancellor von Papen, no baby-kisser, made himself solid by devouring publicly a huge plateful of the ancient city's long, white sausages and washing them down with frothing Münchner. He then launched into a fighting speech, shouted that other powers must at once grant to Germany the right of "armament equality" with themselves. Finally he drew thunderous Munich cheers by asking, ''How can our commerce nourish, if Germany does not enjoy the same respect abroad as other nations? Who will invest in a land which is constantly threatened...
...affair has been moving in a vicious circle. The United States leans money to Germany; this is paid to the various European countries as reparations; they in turn pay it back to the United States as their war debts. In other words no money is paid at all. Von Papen's statement is a perfectly solid fact. Unless tariffs are lowered Germany cannot sell her goods abroad., no credit can be built up, and thus no debts can be paid. Since no country will consent to lower its tariff purely for economic idealism, the moratorium must be indefinitely extended...
...fear it would vote down the President's decree cutting employes' wages and subsidizing employers by granting them tax remissions in the form of negotiable certificates. The Reichstag, after it was dissolved, voted down the President's decree 513 to 32 but von Hindenburg and von Papen successfully held this vote to be illegal. Therefore their cut-&-subsidize decree remains in force...
Nazis power. . . . The battle can commence now. In four weeks we shall be victorious-victorious! ... I predict the collapse-the total collapse-of von Papen's program and of his Government!" In Leipzig, a few days later, eminent counsel for the State of Prussia, the State of Bavaria and the State of Baden began an unprecedented suit before the German Supreme Court, claiming that Chancellor von Papen acted unconstitutionally when he, acting under a decree of President von Hindenburg, suppressed the elected Gov ernment of Prussia and replaced it by an appointed Federal Commissioner (TIME, Aug. I). Obviously this...