Business: Embarrassing Questions

Last month, the New York Times's scholarly Berlin correspondent, Otto D. Tolischus, cabled home a learned, heavily statisticized summary of an official survey of Nazi economics. Appended to his cable was a casual last paragraph which remarked that unofficial estimates placed Germany's secret debt at between 20-25,000,000,000 marks, and her total public debt at upward of 64,000,000,000 marks ($25,683,200,000). Last week SEC embarrassed the Nazi Government by asking it to tell all about its hush-hush bookkeeping.

The German Government laid itself open to questions by registering an issue of $70,000,000 of 3% bonds....

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!