Word: schacht
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Governor Lippert's speech last week was believed to have been made at the instance of German Minister of Economics Dr. Hjalmar Schacht. Appealing to what he called "America's sober business sense," Guest Lippert said that U. S. citizens who boycott German goods do so "from wholly false assumptions." Calling the boycott "contrary to all American interests," he threatened German retaliation against U. S. exports, menacingly concluded: "One can do business only with good friends; with bad friends business is always...
...Berlin, where Minister of Economics Hjalmar Schacht keeps telling the restive and doubtful Realmleader that business is business. Dr. Schacht last week made a sort of last stand by defiantly announcing that in the Reichsbank, of which he is Governor, Jews will be safe in their jobs. Lately, bitter Nazi district leaders have been saying that "Dr. Schacht, with his Jewish-tainted international banker mentality, is a menace to the spiritual rebirth of the Fatherland...
...time housepainter-stretched in broad expanse before Der Reichsführer. Eight thousand German cars, cycle-cars, motorcycles, delivery wagons and trucks reduced to insignificance some 40 foreign cars shown by Italian, British, French, Czechoslovak, Belgian and Austrian firms. Glum U. S. dealers in Berlin showed nothing, protested, "Dr. Schacht has cut our quota so low that it isn't worth while. There are ten Germans who want to buy American cars for every one we can sell them...
Despite Der Reichsführer's confident Motor Show oration, Nazi economic policy, now managed by "Economic Dictator" Dr. Hjalmar Schacht stood revealed last week as bankrupt on the showing of Germany's latest official trade statistics. With Dr. Schacht puffing and straining to swell exports, they collapsed in January to a record low volume for the Century, excepting the War and inflation periods. With Dr. Schacht wrenching and squeezing to strangle imports, they swelled last month to the highest figure in three years. The Fatherland's trade deficit for January, 104,900,000 marks, was worst...
Last week, with 25 trade control boards furiously functioning under German Economic Dictator Dr. Hjalmar Horace Greeley Schacht, official trade figures were released in Berlin. They showed that Germany's favorable trade balance of 1,072,000,000 marks in 1932-the last pre-Hitler year-declined in 1933 to a favorable balance of 667,000,000, then slumped deeply in 1934 to an unfavorable balance...