The Waterbury Democrat., 1931-07-15
Six Million Of Them
 Threaten Germany
(Continued from Page 1.)

Measures to protect the banks and enable them to meet the demands of employers for money to meet payrolls also was expected short ly.
 The plan for an auxiliary cur rcncy to replace the mark within Germany was reported to have been abandoned, Few had an- ticipated 1t would be found ncces- sary.
 It was reported that Dr HJalmar schacht again would be appointed currency dictator" post he held in 1923 when the mark was stab ilized after the imitation. Dr schacht conferred with finance ministry officials yesterday, after leading industrialists had urged that the cabinet entrust the Ger man currency problem to him.
 These reports revived rumors that Dr Hans Luther would resign as head of the Reichsbank, and that Dr Schacht, who also for merly held that post would suc- ceed him.
 The government issued two new dccrccs experimenting tho presi- dents emergency decree, extending the bank holiday to cover private checks and bills, and allowing delay of q week in payments or dered by courts which fall due on the bank holidays of to-day and yesterday.
 The directors of the Berlin Bourse definitely decided to keep the stock market closed all week, pending developments in the gov crnment's fight for financial sta bility.
 Rumors were circulated to-day that the Reichsbank intended to increase it's present z per cent re- discount rate to 20 per cent but spok okesman for Dr Hans Luther, president of the Reichsbank, told the United Press:
 "rhe rumor that we plan to raise the bank rate to 20 per cent is nonsense"
 Another rumor. probably no better founded. said the legal GOV craze of 40 per cent of gold Tor banknotes might be lowered to 30 or 25.
 Germany, an official said, will not make the one months uncon- ditional payment of 5l,000,000 marks normally" due to-day.
 Meanwhile, from government or ficials to shop clerks, not to men ton the army of unemployed men wandering the streets of Berlin, the population of the German capital suffered from individual and mass nervousness. The atm osphere, des- bite the apparent tranquility - or rather absence of violence - was surcharged with fear.
 one incident alone, witnessed by a United Press correspondent. is sufficient to em phasiZe the jump !ness" of the people. It occurred on the Bcndlcr bridge, In the center of the residential district.
 A great crowd of people sudden ly ran to the middle of the bridge, where mufflcd cries gave evidence of a struggle.
 "What is 1t a revolution? some asked. The incident, 1t was discovered, after the correspondent had fought his way through tho excited mob, was caused by hcat-maddened cat which had bit- ten a traffic policeman. But at the slightest disturbance, there are those who are ready to cry "rcvo- 1 lutIon!"
 Crowds remain in front of the savings and commercial banks, dis cuhsing their affairs with some bit 1 terness. A typical comment is that 1 'lt is an outrage that old women should be standing here in this weather vainly waiting to with draw their life'a savings, while the rich have succeeded in rushing their money and securities to safety abroad"
 The uncertain temper of tho people is such that the authorities are inclined 10 fear the effect of the rc-opening of the banks to- morrow. IL may, they feel, lead to new panic and precipitation of runs on many institutions possibly leading 10 extreme violence.
 IL was learned to-day that Mon days run on the Berlin Municipal Savings Bank resulted in withdraw al of 4,070,000 marks, out of d to- 1 tai deposits of 476,000,000 marks. The employees of all the smaller