Word: reiche
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...take it or leave it offer−and a surprisingly generous one−was made to Germany by the Allies last week, according to the press bureau of the German delegation to the second Dawes Committee in Paris (TIME, Jan 14 et seq.). Whereas under the Dawes Plan the Reich is scheduled to pay in reparations $595,000,000 yearly, the Germans said they had been offered...
...reason why Germany must pay her Reparations debt in full, but rather one of the best reasons why she should not pay. These U. S. bonds, reasoned Dr. Schacht, saddle Germany with the necessity of paying $240,000,000 interest, every year, and that stupendous charge obviously curtails the Reich's ability to continue paying the present $595,000,000 annual scale of Reparations...
Thus the Iron Man craftily raised the slumbering issue of whether U. S. holders of German bonds or the allied powers would have first claim upon the resources of the Reich. From the standpoint of the U. S. and Germany-and from their standpoint alone-the payments of both bond and reparations indebtedness are of approximately equal importance. The allied governments could watch Germany default on her U. S. bonds with relative unconcern; but any representative of U. S. interests must take care that the whole burden imposed on Germany is not too heavy for her to bear-even...
...year battle with "sales resistance" in Germany itself. The offensive began in 1926. Only 45,000 pianos had been sold to Germans in 1926, as against 60,000 in other years. The tycoons were scared. Therefore they organized an "American Campaign" of high-pressure salesmanship, something unprecedented in the Reich. Salesmen rambled through the countryside with trucks full of pianos, selling and delivering on the spot, selling on credit, shouting, pleading, browbeating...
Revenues: "The revenues of the Reich continue to show favorable development, and the most encouraging thing of the whole four years, from a standpoint of public finances, is the great productivity of revenues, notwithstanding the important reductions in taxation that have been made...