Word: reichsbanker
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Died. Walther Funk, 69, Hitler's Economics Minister and Reichsbank President, sentenced to life imprisonment by the Nürnberg Tribunal in 1946, but released in 1957 because of ill health; of a heart attack; in Düsseldorf, Germany...
With Needle & Knife. In 1940 the German army shipped the dismantled altar to Berlin to be stored like the treasure it is in the vaults of the Reichsbank. When the conquering U.S. Army moved into Germany, it found the crated altar in an air-conditioned vault in Veit Stoss's native Nürnberg. General of the Army Dwight Eisenhower ordered it shipped back to Cracow...
Raeder's claim to this distinction could not be shared by the five top war criminals he left behind him in Spandau: one time Deputy Fuhrer Rudolf Hess, Hitler Youth Leader Baldur von Schirach, Munitions-Maker Albert Speer, former Reichsbank President Walther Funk and Doenitz. But in other prisons under British, French and U.S. control, there are still 104 lesser war criminals whose status is now likely to come under review...
Died. Oliver Mitchell Wentworth Sprague, 80, longtime (1913-41) Harvard professor of banking and finance, and internationally famed monetary authority; in Boston. "Sound Money" Sprague was an adviser to the League of Nations, the Weimar Republic's Reichsbank, the Bank of England. A Treasury Department brain-truster in 1933, he quit in protest against the New Deal's dollar-devaluation policies, wrote his widely quoted Recovery and Common Sense, advocating lower prices and free competition...
...various times he was advisor to the German Republic's Reichsbank, the Bank of France, and the League of Nations...