Word: schacht
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Grumpy Dr. Hjalmar Schacht of the Reichsbank refused to tell M. Moreau what Germans to invite, put him in a quandary. Dr. Schacht was wroth at the known intention of the Allies to convene the bank charter committee in Brussels? hotbed of hostility to the Reich. Presently correspondents learned at the Bank of France that the committee would probably meet in some other city, and it was believed that Dr. Schacht would cooperate on that basis...
...drafted by the countries' foremost financiers. In presenting their handiwork to European statesmen. Owen D. Young and his colleagues described it as "an indivisible whole," declared that to be workable it must be adopted in toto as drafted. Last week the declaration of a Morgan, a Young, a Schacht was simply sneered at by Laborite Snowden. In homely Yorkshire fashion he referred to the Young Plan as a "sponge cake" in need of being recarved. For Britain a bigger piece of sponge cake...
...fall of Imperial Germany, these marks became worthless. All through the long meetings of the Second Dawes Commission this year, peppery Emile Franqui, chief of the Belgian delegation, insistently demanded that redemption of the worthless marks be included in the Young Plan. Germany's stiff-collared Hjalmar Schacht declared with equal insistence that he had no authority to do so. Chairman Owen D. Young saved his Plan by getting Herr Schacht and colleagues to promise that Germany would discuss marks with Belgium immediately after the Paris conferences were finished. Last week, quietly in Brussels, this agreement was made...
Quick to sooth the ruffled feelings of the U. S. was Dr. Hjalmar Schacht, iron-man of the Second Dawes Commission. Agreeing with Dr. Stresemann that the Young Plan annuities were merely a makeshift and did not represent Germany's capacity to pay, he urged ratification of the plan, but hastily added for U. S. consumption...
...resignation of Dr. Vögler did not at once bring about the warm spirit of co-operation among the German delegation which Parisian optimists hoped for. Dr. Schacht returned from his meditations still truculent. The German delegation, he said, could make no further compromise...