Foreign News: Schacht Back!

Only one German felt strong enough to drive a bargain last week with Chancellor Hitler (see above). The bargain: Monkish little Dr. Hans Luther (twice Chancellor, 1925, 1926) agreed to resign as President of the Reichsbank if Chancellor Hitler would appoint him on the spot Ambassador to Washington. Both men scrupulously kept their word.*

Intuitive Herr Hitler appointed as the new President of the Reichsbank perhaps the greatest prophet of modern times. Dr. Hjalmar Horace Greeley Schacht, "that tough Schleswiger from the Town of Tinglev" (in Denmark) whose parents resided in Brooklyn until shortly before...

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