GERMANY: Blindfolded

Stockholders of the Hamburg-American Line filed into their annual meeting at Hamburg last week as though into a morgue. Adolf Hitler has reduced Nazi interference with German industry to a minimum, placing at his Cabinet's right hand an Economic Council of industrial tycoons (TIME, July 24). But shipping is another matter. Last week slender, stern old Dr. Max von Schinckel, board chairman of Hamburg-American since 1910, rose to announce the resignation of himself and the entire board.

Revealing that a reorganization of the company was being forced by the Nazi State, Dr....

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!