Word: reichsbanker
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...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...
...weeks to determine the future of the moratorium on repayment of Germany's short term obligations, the economic prostration of Germany is revealed more and more clearly by a nation disarmingly frank in dealing with its multitudinous creditors, particularly of the Western Hemisphere. Dr. Hjalmar Schacht, Governor of the Reichsbank, is never at a loss to deal with the financial situation, and has seen to it that Germany shall secure her place among debtor nations as a country on the very verge of financial catastrophe, one which must be handled with kid gloves by its creditors if anything...
Unimpressed by boycotts, irascible Hjalmar Schacht, the Reichsbank's president, last week gave the members...
...effect Dr. Hjalmar Schacht, autocratic President of the Reichsbank, has cut the interest payments on German bonds held in the U. S. by refusing to let the full amount of payment be transferred out of Germany. Switzerland and Holland, by agreeing to increase their imports of German goods, have received full and preferential interest transfers. As for Adolf Hitler, one of his war cries has been against the iniquity of "interest slavery," the payment of interest being tainted in his mind with a stigma not unlike that attached by President Roosevelt to hoarding. So hot grew the squabbling...
...Hjalmar Schacht, ramrod-backed, high-collared Governor of the Reichsbank, rose for Germany (which went through the world's worst inflation) to snap, with obvious reference to the U. S., "Some countries have deliberately abandoned stable currency, trying to influence economic conditions by monetary experiments. However deeply we regret this, we cannot deny a sovereign state the right to do what it likes...