Word: toed
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
In Berlin it is sometimes popularly supposed that the titanic rivals in U. S. finance are J. P. Morgan & Co. and Dillon, Read & Co. Last week, pink-cheeked, socialistic, optimistic Finance Minister Rudolf Hilfer ding found himself short of cash for year-end budget requirements. He hastily sought to arrange...
For several days the wires hummed merrily about millions. Then suddenly jovial Dr. Hilferding was jerked up short by brusque Dr. Hjalmar Schacht, President of the Reichsbank. A watchman of Germany's cash drawer, Dr. Schacht barked that he would not O.K. the loan. Scareheads in the Berlin press...
Reminding its readers that J. P. Morgan & Co. will launch the long awaited German Reparations Bonds, soon after the Young Plan comes into effect (TIME, June 10, et seq.), Tageblatt intimated that should Dillon, Read beat their "rivals" to the Stock Exchange with an $100,000,000 German loan, subsequent...
In Manhattan, the Herald Tribune, generally the first recipient' of Morgan news for the daily press, broadened and mellowed the Tageblatt story thus: "Confirmation could not be obtained for the report that the German 'D' banks would cover [Dr. S'chacht's] advances to the...
Finance Minister Hilferding did not survive this second upset. Over the weekend he resigned, took with him his right hand man, State Secretary Johannes Popitz. President Paul von Hindenburg scratched his grizzled poll, appointed Minister of Economics Paul Moldenhauer to be Temporary. Minister of Finance.