Word: schacht
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...tariff man, a quiet optimist, a vigorous advocate of more and still more loans from abroad, "loans which fertilize German industry as the waters of the Nile fertilize the parched soil of Egypt." As a "borrowing man" he enjoys the thoroughgoing contempt of Reichsbank President Dr. Hjalmar Schacht, always a "bear" on German futures, who constantly grumbles that the Fatherland has already borrowed far too much...
Seventeen minutes flat was the time it took Germany's famed "Iron Man," Dr. Hjalmar Horace Greeley* Schacht, to read entirely through before he would sign, last week, the Charter and Statutes of Europe's new Bank for International Settlements (TIME, Sept. 23 et seq.). The official text, adopted after a six-week negotiation by world potent bankers at Baden-Baden, is in English. Delegates from the U. S., Britain, France, Italy and Japan signed without conning over a document with which all, including Dr. Schacht, were excessively familiar. That made six signatures. The seventh?Belgium's?was not affixed...
...Chairman of the Conference with brilliant, driving power, was not mentioned as prospective Chairman of the Bank. Taciturn in the extreme with correspondents, he had earned their ire. He would not even give out the text of the Statutes, forced them to get it from Germany's offish Schacht, usually the closest oyster at any conference. Perhaps in irritation the newshawks made little of the fact that Mr. Reynolds went straight from Baden-Baden to Paris for a conference with representatives of the House of Morgan. The reporters favored instead as prospective chairman Chicago's drawling "Mel" Traylor...
...signature of 72 German best minds-such men as Dr. Hjalmar Schacht (president of the Reichsbank), Albert Einstein (relativity), Novelist Thomas Mann (Buddenbrooks), Chancellor of Germany Hermann Miiller, Chairman Theodor Leipart of the associated German trades unions-the manifesto read: "After an epoch in which the victor states [in the War] . . . sought to force on Germany their will-an epoch in which Germany came close to the abyss-German efforts have succeeded in bringing about a revival. . . . The period of violence and one-sided dictatorship was succeeded by a period of negotiations and understanding. . . . Liberation of the Rhineland from foreign...
...Belgian Delegate Louis Franck, "He died like a soldier on the field of battle, but more happily than a soldier, for he fell not in cruel struggle but in the service both of his country and mankind!" Other delegates were as meaninglessly effusive. Then spoke blunt Hjalmar Horace Greeley Schacht, famed President of the Reichsbank. Recalling the hate-pregnant past, when Belgium's Delacroix came to Berlin directly after the War as a trustee for German railway bonds and a mem ber of the commission which revised the statutes of the Reichsbank, gruff Dr. Schacht concluded with visible emotion...