Word: schacht
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With Berlin committed to the plan, through the adoption of Dr. Hjalmar Schacht's Gold Discount Bank Bill by the Reichstag just before its dissolution*, and Poincare's Government somewhat unwillingly pledged to accept the plan, not only "in principle" but in effect, by the conditions of Morgan's $100,000,000 loan†, the main obstacles to the work of the Drafting Committee were removed...
...Hjalmar Schacht, President of the Reichsbank, who has been giving evidence in Paris, has been hailed in Berlin as "the miracle man" and great enthusiasm was entertained for the proposed gold bank...
...first thing decided was to invite Herr Hjalmar Schacht, President of the Reischbank, to confer on the problem of stabilizing the German currency. The invitation was despatched, accepted and, finally, Herr Schacht himself arrived in Paris...
...giving evidence before the Committee, Dr. Schacht, who was accompanied by several experts and advisers, was stated to have proved a direct and agreeable witness whose evidence was frank and satisfactory. No details were given; the proceedings took place in secret...
...Hjalmar Schacht, new President of the Reischbank (TIME, Dec. "31), was not in any hurry to assume his duties. Having been elected in opposition to the wishes of the Board of Managers of the Bank, he was reported to be anxious to avoid the machinations which the friends of Dr. Helffrich, the candidate of the Board, were preparing...