Word: reichsbanker
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...this end he asked the Reischtag to pass a law giving the President of the Reichsbank the necessary power to ignore the Board of Managers and hold him solely responsible to the President of the Republic...
Ever since the death of Dr. von Havenstein, President of the Reichsbank, a terrific battle has been waged in the Reichsrat (Federal Council) over the appointment of a successor...
...nominees for the post were Dr. Helfferich, former Imperial Minister of Finance, and Dr. Hjalmar Schacht, a partner in the Disconto Gesellschaft (Company). The battle was ended by a vote appointing Dr. Schacht President of the Reichsbank. He will be "Germany's money dictator and to currency and finance what General von Seeckt is to the Reichswehr as Commander-in-Chief...
...appointment of Dr. Schacht was considered a defeat for the Reichsbank directorate and the Central Reichsbank Committee, formed of big banking interests, both of which supported Dr. Helfferich...
...last return of the Reichsbank gave the total German note circulation as 92,844,720,742,927,000,000 marks, nearly 93 quintillions...