Word: schmitte
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...high Bavarian crag 45 minutes by motor from the nearest railway station perches Tiefenbrunn, the estate of cleft-nosed Dr. Kurt Schmitt. The view from his bedroom window is scarcely rivaled in all Bavaria. In bed last week with a telephone at his elbow the German Economics Minister was struggling with a strangling crisis in the Fatherland's economic life...
...Export Fatigue." Energetic Dr. Schmitt, a keen sportsman and a Mounted Group Leader of Equestrian S. S. Troops, was brought to bed by nervous exhaustion. He had worn himself out on a whirlwind tour of the Fatherland to drive home the slogan: "Stimulate Exports as a National Duty...
...Schmitt is well known to favor devaluation of the German mark by 20%. The staggering powers slipped into his hands last week resemble those granted by the U. S. Congress to Franklin Roosevelt, some of which the President has of course not used. Tight-lipped Tsar Schmitt gave no sign of how he may use his powers, but Adolf Hitler was seen to have created a nearly perfect engine of economic despotism. Thus far in economics he has been largely windbag. From now on German Big Industry-the Thyssens, Krupps, Siemenses and their ilk-are in a position to receive...
...Chancellor by an abrupt decree widened the powers of Economics Minister Dr. Kurt Schmitt until he became an Economics Tsar. Old-school Economist Dr. Schmitt is secretive about whether he is yet a Nazi. He is famed for the quiet way in which for months he has shielded Jewish businessmen whenever possible and generally run the Ministry of Economics on sane, rational lines which made him hated by Captain Ernst Roehm and other "Nazi Bolsheviks" now safely massacred. Last week the Cabinet decreed, effective for the next three months: "The Minister of Economics is empowered to take all measures...
...Nazi Schmitt's reiteration of "coordination and working for the State" could not disguise the fact that German tycoons and not the government will run L. 0. U. G. E. The tycoons will be those who were shrewd enough to support the Nazi party with handsome subscriptions in the days of its infancy. A case in point was the appointment of Dr. Krupp von Bohlen as Leader of the first group. Even that cherished Nazi ideal, abolition of department and chain stores to protect small shopkeepers, was quietly shelved under L. 0. U. G. E. Only one fact gave...