Word: schinckel
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...last week as though into a morgue. Adolf Hitler has reduced Nazi interference with German industry to a minimum, placing at his Cabinet's right hand an Economic Council of industrial tycoons (TIME, July 24). But shipping is another matter. Last week slender, stern old Dr. Max von Schinckel, board chairman of Hamburg-American since 1910, rose to announce the resignation of himself and the entire board...
Revealing that a reorganization of the company was being forced by the Nazi State, Dr. von Schinckel bitterly remarked: "I as chairman have not even been able to find out what this reorganization aims at. Doubtless it has been planned with the best intentions but I cannot share responsibility blindfolded...
Going further, Dr. von Schinckel hurled a thinly veiled reproof at Nazi policies. "Dissatisfaction in the outside world toward Germany and the boycott movement are making themselves strongly felt." said he. "This has severely hurt the Hamburg-American Line's business and is continuing to hurt it and German shipping generally. . ". . My colleagues and I are resigning with regret. It is not our way to be leaving the company when things are going badly but developments have left us no choice...
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