Word: schacht
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...everyone please to be friends and patched up a tea party in the Ministry of Propaganda at which Dr. Goebbels and Lieut.-Colonel von Papen sipped at each other with wolfish smiles while the world in general was defied to collect what Germany owes by Reichsbank President Dr. Hjalmar Schacht...
With his back to the wall of Germany's new moratorium (TIME, June 18), Dr. Hjalmar Schacht, iron-willed President of the Reichsbank, bristled into action last week as a Briton no less stubborn took drastic steps in London to make Germany...
Bank for International Settlements, accused Germany of breaking the financial treaties of The Hague and of Lausanne. London banking ire crystallized in the Times which flayed Germany's "direct breach of good faith" and, after rehearsing the many moves of smart Dr. Schacht to beat Germany's creditors down, concluded by comparing him to "the murderer who, having slain both his parents, pleaded for mercy on the ground that he was an orphan." In the general burst of temper small notice was taken of the moratorium facts:. 1) Germany suspends from July i until further notice transfers into...
...predictions from Berlin, Paris and London that the mark must now go off gold, maintained an attitude of stubborn insistence upon its so-called "gold standard" which has long been purely theoretical, since no one can get gold for marks. "We reject absolutely a devaluation policy!" barked Dr. Schacht. "Reports in the foreign Press regarding inflation or devaluation of the mark are irresponsible gossip." Meanwhile Britain led and France swiftly followed in a move to seize from Germans within their borders sums sufficient to meet at least the moratoriumed interest payments due British and French holders of Dawes and Young...
...German Press caught Dr. Schacht's cue and straightway began to howl against the exclusion of the Dawes and Young loans from the agreement and in favor of stopping the 'immoral" payments entirely after July...