When President Paul von Hindenburg maneuvered the German Monarchists into entering and supporting the new "Big Coalition Cabinet" of Chancellor Wilhelm Marx (TIME, Feb. 7), there stepped up to shoulder the weighty Portfolio of Finance a Roman Catholic Centrist then internationally little known, Dr. Heinrich Koehler. Immediately he became famed by uttering early, late and often the most dire and pessimistic warnings that Germany would not for long be able to meet her scheduled payments under the Dawes Plan. Yet when Dr. Koehler presented his first Budget, not even his inveterate...
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