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...diplomats believe that five weeks ago Chancellor Hitler made a feint in Czechoslovakia's direction when he moved 170,000 troops into "summer barracks" nearer the border. He had just Nazified Austria while French and Germans stood by with open mouths. Their mouths were still open when the Reich's soldiers began ominously moving around on their side of the Czechoslovak border. In this crisis the Czechoslovakian Republic, the keystone of democracy in central Europe, marched 400,000 troops up to its side of the border and the first German over the line would have been a dead...

Author: /time Magazine | Title: CZECHOSLOVAKIA: Optimist | 6/27/1938 | See Source »

...British commission, under Sir Frederick Leith-Ross, Chief Economic Adviser to His Majesty's Government, came home from Berlin last week to report that the only payment the Reich will consider is one in goods. His Majesty's Government met further rebuff with a German reminder that Britain had refused to take over the debts of the Boers...

Author: /time Magazine | Title: GERMANY: Default | 6/20/1938 | See Source »

That the new burden is rubbing Germany raw is indicated in the May Deutscher Volkswirt, Dr. Schacht's organ, which reveals that in April, Greater Germany imported $10,400,000 more than she sold abroad. Of this, only $2,800,000 came into the old Reich, $7,600,000 was necessary for her new province...

Author: /time Magazine | Title: GERMANY: Default | 6/20/1938 | See Source »

Observers agree that the Reich will attempt to unsnarl her tangle by selling more abroad, particularly to Great Britain, but British financial interests, which stand to lose most on the Austrian loans, are unlikely to accept such a solution until the loans are settled. Britain holds an ax over the Reich because she can deduct German debts from the money Britons owe German exporters. Last week, the potent Association of British Chambers of Commerce urged that the exchange clearing bill, passed in 1934 but never implemented, be enforced. But as such a move would blight Prime Minister Neville Chamberlain...

Author: /time Magazine | Title: GERMANY: Default | 6/20/1938 | See Source »

...setting blazoned with swastikas, at Fallersleben in the heart of the German Reich, Führer Adolf Hitler fortnight ago surmounted the cornerstone of what he promised would eventually be the world's largest automobile factory. Perched there he spoke with the pride and feeling of an automobile salesman on the subject of Germany's new Strength-through-Joy (Kraft durch Freude) flivver. Within easy pointing distance were three slick models for the new 65-miles-per-hour, $396 Volkswagen, which Der Führer expects will one day be as much a part of every German...

Author: /time Magazine | Title: Transport: Joyous Lizzie | 6/13/1938 | See Source »

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