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Breathless in pace and implications was the swooping Balkan air tour last week of autocratic German Reichsbank President Dr. Hjalmar Schacht, whom closest friends call "Willy." In Vienna, Belgrade, Athens, Sofia and Budapest the Machiavellian doctor had fun insisting that he flew only to promote "economic peace." Just before he took off for Berlin, however, tactless Dr. Schacht could not resist blurting out what kind of economic peace he promotes. "Do creditor countries desire to renounce their claims against Germany?" he asked sharply. "If so they should say so, as Germany must either be allowed to earn...

Author: /time Magazine | Title: THE BALKANS: Schacht for Peace? | 6/29/1936 | See Source »

From dazzled Austrians, Yugoslavs, Greeks, Bulgars and Hungarians, through whose central banks Dr. Schacht had swept like a meteor last week, deigning to dine with premiers, having audience with King George of Greece, Tsar Boris of Bulgaria and accepting the Hungarian Cross of Merit, First Class, from the fingers of Regent Horthy, correspondents gleaned Schacht facts...

Author: /time Magazine | Title: THE BALKANS: Schacht for Peace? | 6/29/1936 | See Source »

...Broader Schacht facts were that in the past two years Germany has become Hungary's best customer, the greatest exporter to and buyer from Yugoslavia. By Schacht barter deals, Germany is now selling the Balkan countries manufactured goods, possibly at as much as 50% below cash prices in exchange for their raw stuffs. French heavy industry, which used to have Yugoslavia economically in its pocket, is gradually being frozen out. With a Radical Cabinet now ruling France, conservative or reactionary Balkan regimes look increasingly to Berlin...

Author: /time Magazine | Title: THE BALKANS: Schacht for Peace? | 6/29/1936 | See Source »

...Hermann W. Goering was appointed by Hitler to supersede Dr. Hjalmar Schacht as (1 Air Minister, 2 Secretary of the National Socialist party, 3 Minister of Education...

Author: /time Magazine | Title: Current Affairs: Current Affairs, Jun. 29, 1936 | 6/29/1936 | See Source »

Hitler's graft, according to Spivak, is more respectable: The Munich publishing firm of Franz Eher publishes the official Nazi organ, Volkischer Beobachter; most school textbooks; and Hitler's best seller, Mem Kampf. Even over Minister of Economics Dr. Hjalmar Schacht's desperate embargo on marks, Nazi leaders are suspected of having smuggled out of Germany millions of marks for a Nazi rainy...

Author: /time Magazine | Title: INTERNATIONAL: Dictators Dissected | 5/25/1936 | See Source »

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