Word: reichsbanker
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...thus her vital imports were more than paid for by the proceeds of her exports. While this lasted the Fatherland could be considered economically afloat, no matter how deeply Germany might mire herself in the morass of moratoriums declared by blunt, bluff Dr. Hjalmar Schacht, President of the Reichsbank...
...Shared with Chancellor of the Exchequer Neville Chamberlain, whom they loudly cheered, the honor of breaking last week the German Moratorium recently declared by Reichsbank President Dr. Hjalmar Schacht (TIME, June 25). To bring Dr. Schacht to his senses the Commons, well aware that Germany has a favorable trade balance with Great Britain, passed a bill enabling Chancellor Chamberlain to confiscate enough British payments due on German goods to make good the Fatherland's announced default on Dawes and Young bond interest payments. By brandishing this authority from the Commons last week, Chancellor Chamberlain scared Berlin into a promise...
...effort to conserve the Fatherland's dwindling store of foreign exchange-sure to be needed to buy vital food imports next winter-Reichsbank President Dr. Hjalmar Schacht recently decreed a sweeping moratorium (TIME. June 25). Last week British threats of retaliation broke the moratorium as far as British holders of Dawes and Young loan bonds are concerned (see p. 15). This breach in the Moratorium Front looked certain to widen before onslaughts at once launched by the U. S. and French Embassies in Berlin. There seemed to be only one answer for Germany: controlled inflation, bulwarked by government control...
...Both Reichsbank President Dr. Hjalmar Schacht and ex-Crown Prince Wilhelm denied over the telephone rumors that they had been shot. But the Government announced ominously that "a few more executions may soon be made known" and it was established that a Nazi trooper had shot the Chief of the Catholic Action Society, Herr Erich J. G. Klausener, charged with having been slated to be Minister of Transportation in some conspirator's government...
Suppressed in Germany but released throughout Britain was a sensationally tart note in which His Majesty's Government broached to the German Government flat charges that Dr. Schacht has so manipulated the Reichsbank's balances of foreign exchange as to have set up "a hidden reserve equal to many times the amount of interest on the Dawes and Young loans" lately repudiated by Dr. Schacht (TIME, June 25). The British note, probably the stiffest yet signed by Foreign Secretary Sir John Simon, accused the Reichsbank by inference of falsifying its statistics and branded Dr. Schacht as a willful...