Word: schacht
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Hjalmar Schacht, President of the German Reichsbank, with a mind as clear-thinking as a calculating machine, is one of the constructive geniuses of post-War Germany. Born in 1877 he was a partner in the Darmstadter-und-National bank until 1923, worked with the Reich Currency Commission that set up the present gold mark standard in Germany, cooperated with the (Charles Gates) Dawes Committee on German reparations. He has been president of the Reichsbank since 1924. He is a stern man to deal with, imperturbable and ruthless in carrying out a fiscal program. Only seven weeks ago, when German...
...agent to Federal Reserve banks, but those Federal Reserve banks are secondary, as it were, sub-agents of the Government. None the less Governor Strong as head of the New York Federal Reserve Bank wields financial authority fully comparable to that swung by the Messrs. Norman, Rist and Schacht, for it is to Manhattan banks that foreign banks turn for credit, and over Manhattan banks hovers Governor Strong's influence. Governor...
...high "V"-split collar like that of Charles Gates Dawes. A Theodore Roosevelt pince-nez. Such are the two foibles of dress affected by President Dr. Hjalmar Schacht of the German Reichsbank. There was a dash of Roosevelt and more than a tang of Dawes in certain words spoken by Dr. Schacht, last week, which caused prices on the Berlin Bourse to break and go crashing down harder and lower than at any time since...
...market has been ripe to break for months, of course, but none the less Dr. Schacht brought about the crash, He called the leading German banking representatives into his office and informed them quietly that they had lent too much money to speculative market operators. This condition could not be remedied, as would ordinarily be the case, by raising the Reichsbank rate, because Dr. Schacht put the rate down from 6% to 5% last January, and considers that level necessitously expedient for reasons affecting his defense of the gold mark.* As a result there remained not sufficient sums...
...Garford Schacht...