Word: reichsbanker
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Breaking Through. Goading President Hoover, Tomcat Briand, Secretary Mellon and Premier Laval to efforts which finally succeeded was the desperate state of the German Reichsbank last week...
Fear among capitalists that their money was not safe in Germany produced a "flight of capital," which strained, almost sprained the credit resources of the Reichsbank. President Hans Luther had received a new credit of $100,000.000 from New York and other banks to defend his position. Ordinarily a hard pressed government which receives such a credit is able to stretch it over the requirements of months?as Italy did when she got $100,000.000 some years ago. Last week Dr. Luther found that he had run through the $100.000.000 literally in a few week?! Hoover and Laval must...
...seek relief from"Reparations (TIME, June 15). U. S. bankers with five billion dollars invested in Europe had long been prodding the White House to ACT, to avert Germany's economic and perhaps political collapse. Since June i, $250,000,000 in gold reserves had fled from the Reichsbank...
Even Dr. Curtius' own People's Party seemed to want to get rid of him (his popularity has waned since he "bungled" the Austro-German customs union scheme). At a hectic midnight meeting the People's Party caucus ignored pleas by Dr. Curtius and President Luther of the Reichsbank, voted stubbornly and contrarily to desert the Brüning Cabinet, desert Dr. Curtius and go into Opposition. That amazing act shook the Iron Chancellor's nerve. He began to hint to the Socialists (Germany's largest party) that his emergency decree is "subject to amendment...
...rushing to Sweden for a lecture engagement, Dr. Schacht had cancelled a previous engagement to speak last week at the opening of Leipzig's famed spring Trade Fair. His place was taken by a less intense but much more potent man, Dr. Hans Luther, today President of the Reichsbank...