INTERNATIONAL: Unvarnished Schacht

Courage to tell the foremost financiers of the Great Powers that they resemble a gang of shady horse-traders is possessed by Dr. Hjalmar Schacht, the famed "Iron Man" who is President of Germany's Reichsbank. Today he represents the Fatherland on the Second Dawes Committee in Paris (TIME, Jan. 14 et seq.) which is trying to revise the Dawes Plan and decide how much Germany must eventually pay in reparations. Last week the "Iron Man" found himself deadlocked with the delegates of the Great Powers, who include John Pierpont Morgan. Result: Dr. Schacht,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!