Word: reichsbanker
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Ever since he resigned as President of the Reichsbank, stiff-starched Dr. Hjalmar ("Iron Man") Schacht has been posturing and talking as though he were still Germany's "financial spokesman." Throughout the world last week, holders of the so-called ''Young Plan Bonds" (German Government 5½s) winced when Dr. Schacht answered in Stockholm a smart Swedish reporter's question...
...halt the flight of capital the German Reichsbank has had to put its discount rate up. This move has been successful. The flight has ceased. But with the rate 2% in Manhattan, 3% in London and 2% in Paris it was 5% last week in Berlin...
...spoke Dr. Hjalmar Schacht, famed "Iron Man," still by common consent a spokesman for German finance, although resigned as Governor of the Reichsbank...
...Southampton the S. S. Bremen bound for New York. Already aboard was Governor George L. Harrison of the Federal Reserve Bank of New York, fresh from a swing around Europe which included conferences with Governor Clement Moret of the Bank of France in Paris and with President of the Reichsbank Hans Luther in Berlin, whence he boarded the Bremen at Bremen. Seemingly there was to be a transatlantic Norman-Harrison conference. There was a trans-channel conference. But as the Bremen neared Cherbourg the two English valets were suddenly told to repack their masters' belongings. The British liner Majestic...
...ning Government, a "Cabinet of Nobodies," know well enough that their tenure of power is dependent on the will and prestige of HINDENBURG. Sheepishly in the Red House the Chancellor was understood to have proposed that Germany's famed "Iron Man," Dr. Hjalmar Schacht, recently Director of the Reichsbank, should be made Finance Minister...