Word: reichstags
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...Young Plan's two archfoes, Dr. Alfred Hugenberg, "Hearst of Germany," and Dr. Hjalmar Schacht, resigned presi dent of the Reichsbank, both nursed their feelings last week as the Reichstag ratified the Plan with a vote...
...grim President, who apparently knows and sees all in German politics, neatly bud-nipped this plan. Summoning the Centrist leader, Dr. Heinrich Briming, he pounded his desk with his gnarled fist, announced that unless the Young Plan was ratified by a majority large enough to show unmistakably that the Reichstag stood behind the government, the entire cabinet of Chancellor Hermann Muller would resign. Impressed, the Centrists voted. Then President von Hindenburg signed the bill and, further to calm public opinion, issued a lengthy press statement...
Because the Young Plan which was scheduled to come up this week for ratification by the German Reichstag is not in his view the Young Plan he signed at Paris, Dr. Schacht considered it his duty to resign last week...
...simply didn't want to resign too late. I made up my mind to resign before the final vote in the Reichstag, not because I expect my action to influence the vote one way or another?I don't care what the politicians do; that's their worry, not mine ?but because I don't want anybody to say afterward, 'Oh, but if we had known you were going to do that we would have acted differently.' My act has nothing to do with politics; it is merely the moral act of a self-respecting...
...After the second Hague Conference nothing remained of mutual cooperation, nothing of confidence in Germany, nothing of helping Germany to carry out the difficult task prescribed in the Young Plan. ... I am even now willing to accept the Young Plan in the Young spirit. What is now before the Reichstag I call the Hague Protocol. Sanctions [the right of the Creditor Powers to punish Germany if she defaults] have been introduced again. . . . Germany won't be a free agent after all, although Young . . . wanted this. Sanctions have nothing in common with the Young Plan as conceived in Paris...