Word: reichsbanker
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Dates: during 1930-1939
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...show on this practical, going basis than Politics (i. e. Mr. Snowden) tried to dazzle Englishmen at The Hague Conference with the hope that they could get more out of Germany than Economics had said was possible. Of the subsequent resignation of Dr. Schacht as director of the Reichsbank in protest against what was done at the second Hague Conference, Mr. Young warmly said...
...Young Plan's two archfoes, Dr. Alfred Hugenberg, "Hearst of Germany," and Dr. Hjalmar Schacht, resigned presi dent of the Reichsbank, both nursed their feelings last week as the Reichstag ratified the Plan with a vote...
This rally, however, was not entirely due to the Young Plan signing and President von Hindenburg's statement. Chosen to succeed disgruntled Dr. Schacht as President of the Reichsbank (TIME, March 17) was Dr. Hans Luther, twotime Chancellor of Germany and Minister of Finance...
...better successor for Dr. Schacht could have been found. Not only is he an astute politician, and the political importance of the Reichsbank in Germany is very great, but he is one of the foremost economists in the country. Shaven-headed, thick-necked, he bears a distinct resemblance to the late great Gustav Stresemann whose friend and disciple he was. More important, he is one of the most intimate personal friends of President von Hindenburg. Born in Berlin in 1879, Bankpresident Luther proudly claims descent from the patron saint of Protestantism, grim-jawed Martin Luther...
Instant results: The whole list of stocks on the Berlin Borse went off an average of six points, shares of the Reichsbank itself tumbled 15 points. Strongest industrials could not resist the blow. Salz-detfurth Potash lost 13 points, and the gigantic firm of Siemens & Halske (comparable in Germany to U. S. General Electric) was knocked for a loss of twelve. If the Director of the Reichsbank did not sell short before he handed his resignation to President Paul von Hindenburg, he resisted titanic temptation, proved himself indeed an "Iron...