Word: reichsbanker
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Dates: during 1930-1939
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...Little Man. He begged everyone please to be friends and patched up a tea party in the Ministry of Propaganda at which Dr. Goebbels and Lieut.-Colonel von Papen sipped at each other with wolfish smiles while the world in general was defied to collect what Germany owes by Reichsbank President Dr. Hjalmar Schacht...
With his back to the wall of Germany's new moratorium (TIME, June 18), Dr. Hjalmar Schacht, iron-willed President of the Reichsbank, bristled into action last week as a Briton no less stubborn took drastic steps in London to make Germany...
...Wall St. "The former Agent General," cried Herr Hitler's mouthpiece, " bears the bulk of responsibility for foreign creditors' disappointments. . . . Germany's declaring a moratorium bespeaks an energy which Gilbert never possessed!" For his part Dr. Schacht, who works, eats and sleeps at the Reichsbank, had an elaborate thesis of accusation which he read out in the Reichsbank Central Com mittee Chamber, directly under his bed room. Drawing a deep breath for the cataract of words he was about to utter, Dr. Schacht cried: "Now that our colonies which were attaining before the War to increasing importance...
...gold dollar, closed the week at 53? on the paper dollar. Young 5½s which have brought 91 were bringing 37 paper. Dawes bonds are worth more than Young bonds because they are backed by German customs and liquor revenues, tobacco, beer and sugar taxes. Meanwhile the Reichsbank, despite fresh batches of predictions from Berlin, Paris and London that the mark must now go off gold, maintained an attitude of stubborn insistence upon its so-called "gold standard" which has long been purely theoretical, since no one can get gold for marks. "We reject absolutely a devaluation policy!" barked...
...Wall, Bound up inside Germany are long and medium-term private debts owed to foreign creditors of some 8,000,000,000 marks ($3,140,000,000 at current exchange) and an annual interest bill of about $195,000,000. Last week one of Germany's smartest bargainers, Reichsbank President Dr. Hjalmar Schacht, lowered the debt wall again at the end of a month-long haggle with representatives of Germany's U. S., British. French, Swedish, Dutch and Swiss creditors...