GERMANY: Cameras for Copper

To the desk of overworked Dr. Hjalmar Schacht, president of the Reichsbank and Minister of Economics, there came last week a neatly typed memorandum signed by the presidents of a dozen large mortgage banks. The Nazi Government, they complained, scrabbling for every pfennig to pay for its fabulous armament program, has practically taken over their entire capital, making it impossible for them to issue mortgage loans, their chief source of income. If this practice is not stopped, some of the mortgage banks will be forced to close.

Because Adolf Hitler has long...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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