Word: schacht
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Henchmen of Minister President General Hermann Wilhelm Göring, autocrat of the German Four-Year Plan of Rearmament and Autarchy, have long since occupied the Ministry of Economics (TIME, Sept. 27 et seq.), yet Berlin correspondents have been unable to get confirmation that Reichsbank President Dr. Hjalmar Schacht has actually resigned as Minister of Economics. Last week Dr. Schacht went to a cocktail party staged in farewell to U. S. Consul General Douglas Jenkins who is being transferred from Berlin to London...
...these rumors are causing us a lot of trouble," a correspondent said to Dr. Schacht...
...they say that, it is right!" barked Hjalmar Schacht. "I have resigned! It may be announced officially today or tomorrow. I have not been at my office at the Ministry of Economics since Aug.11...
...snapped Dr. Schacht whose term as president of the Reichsbank expires next March...
...Warnings to economize," concluded Dr. Schacht, "are never popular. To spend is pleasanter than to save, and the places to spend money always are more numerous than those which have to provide the money...