Gruff old President Paul von Hindenburg gurgled and thundered in terrifying fashion last week, according to reports from his summer Red House at Neudeck. Chancellor Heinrich Brüning had just come out from Berlin in hangdog fashion, admitted that the Budget was in chaos, presented the resignation of Finance Minister Paul Moldenhauer.

Inept Professor Moldenhauer estimated when he brought the Budget in that it would exactly balance. Last week he discovered instead a deficit of $178,800,000. Members of the Brüning Government, a "Cabinet of Nobodies," know well enough that their tenure of power...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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