GERMANY: Market Crash

A high "V"-split collar like that of Charles Gates Dawes. A Theodore Roosevelt pince-nez. Such are the two foibles of dress affected by President Dr. Hjalmar Schacht of the German Reichsbank. There was a dash of Roosevelt and more than a tang of Dawes in certain words spoken by Dr. Schacht, last week, which caused prices on the Berlin Bourse to break and go crashing down harder and lower than at any time since 1914.

The market has been ripe to break for months, of course, but none the less Dr. Schacht brought...

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