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Wherever he went, the reputation of "wizard" preceded Schacht. He had saved the Weimar Republic from the disastrous consequences of inflation, had helped Hitler build a superb war plant in debt-ridden Nazi Germany (he was acquitted of war crimes charges at Nürnberg). For his new patients, Dr. Schacht prescribed no miracle drugs, but time-tested, standard remedies. He warned Indonesia last year to work hard and attract foreign investors. He bluntly told the Iranians last month that they were "lazy," and repeated his injunction to work hard. Sometimes his pronouncements seemed a little hasty. ("I reached Teheran...

Author: /time Magazine | Title: EGYPT: The Roving Economist | 10/6/1952 | See Source »

...Wizard...

Author: /time Magazine | Title: The Press: The Wind Is Up in Kansas | 9/8/1952 | See Source »

While residents of Columbus County bolted their doors, FBI men and state police went to work. They rounded up more than threescore Klansmen, including "the big one," Thomas Hamilton, who had quit his wholesale grocery business in Leesville, S.C., to become the full-time Imperial Wizard of the Klan in the Carolinas, had boasted that he would reawaken the Klan all over...

Author: /time Magazine | Title: RACES: A Flogging for the Klan | 8/11/1952 | See Source »

Last week, in Whiteville, the Klan got the hardest legal flogging in its history. Superior Court Judge Clawson Williams sentenced Wizard Hamilton, who had pleaded guilty, to four years in prison for conspiracy to assault. Fifteen of Hamilton's sheet-wearers got sentences averaging three years each, and 49 others were fined a total of $18,250. Even Hamilton's top lieutenant in Columbus County, Ex-Con stable Early Brooks, already sentenced to prison, was glad to see the wizard get it. "Somebody ought to be assigned to whip hell outa him," said Brooks...

Author: /time Magazine | Title: RACES: A Flogging for the Klan | 8/11/1952 | See Source »

Last year Herr Schacht, little the worse for wear and ever on the lookout for money, journeyed to Indonesia. The newborn island republic was hoping for an economic wizard to reinvigorate its lagging export trade and sickly home economy. Schacht and his prim wife put up at the rambling Hotel des Indes in hot, grubby Jakarta (with the government paying all his expenses, about $20,000). For three months he labored...

Author: /time Magazine | Title: INDONESIA: Many Lives | 2/11/1952 | See Source »

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