GERMANY: Schacht Settlement

Acute anxiety has racked German businessmen for months as they tried to find out whether famed Dr. Hjalmar Horace Greeley Schacht was being forced out as Minister of Economics, and as Dr. Schacht repeatedly offered his resignation, even told reporters at cocktail parties that he had resigned (TIME. Nov. 8). At long last Adolf Hitler, mystical and intuitive as ever, settled the question last week in his own good time and in his own characteristic words. Accepting the resignation of Dr. Schacht as Minister of Economics but not as Reichsbank President, Der...

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