GERMANY: Schacht Trapped

Over the great German Reichsbank there presides Dr. Hjalmar Schacht, a world-prominent and exceedingly dignified fiscal expert, who is sometimes referred to as "a Power."

Last week an enterprising German publisher advertised that he would shortly distribute a bit of popular sheet music entitled "The Minstrel's Waltz by Dr. Hjalmar Schacht." At Berlin, the sensation equaled that which might be produced in Manhattan by announcing that Mr. John P. Morgan had just composed the words for a new jazz moaner's "blues." The denouement?

Dr. Schacht...

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