The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-08-06
.HITLER'S FATE
RESTS IN HANDS
OF DR. SCHACHT
Economics Gear" Stands
to Make or Break Ruler
of Germany.
BY WILLIAM PHILIP SINTMS
Scripps- Howard Foreign Editor

SCr1ppS- Howard Foreign Edit0r
WASHINGTON. Aug. 6.-Almost
lost in the torrent Of words pouring
out of Europe about Hindenburg
and Hitler is the name of tall,
ganghng man who stands to make
or break the new German dictator
in the next six months - Horace
Greeley Hjalmar Schacht.
Far from being the monarch OF
all he surveys, Adolph Hitler's fate
depends largely upon the outcome
of Germany's financial and econo-
mic crisis He has it in his own
power to keep from becoming en-
brolled abroad, but it is mostly to
DR. Schacht that he must look for
salvation from an upheaval at
home.
Germany virtually is bankrupt. She
is in default on her foreign debts.
Her credit abroad is next to nil. She
must import raw materials to keep
her industries going. Otherwise,
unemployment will mount. Drought
has curtailed her crops. FoodStuffs
also must be imported. Yet she can
not get foreign exchange in guam
titles sufficient for her needs. The
world boycott has crippled her eX-
port trade.
No Ordinary Man
Germany, therefore, faces one of
the darkest domestic winters she has
experienced since the World war
Unemployment and short rations
may upset Hitler's apple cart. To
cure these ills there appears on
the scene DR.. Schacht, ReichSbank
president. Newly appointed acting
minister of economics. he takes the
place of DR.. Kurt Schmitt, tenn
porarily in retirement due to ILL
ness.
DR.. Schacht is no ordinary man.
He is able. He is ambitious. He is
an opportuniSt of the first water
Politically, he is as ruthless as Hit
Ter himself He was named after
Americas own Horace Greeley by
his father, who. as a merchant,
made frequent trips to this country
and was an admirer of the famous
editor.
The doctors head is typically
square His neck is long and always
is to be found encased in very
high collar of the rundown variety
affected by Herbert Hoover. He is
stubborn and boasts that he not
only knows what he wants but al
ways gets it.
Wants to Annex Austria
He believes Germany should get
back the Polish corridor and annex
Austria. He long ago said Germany
never would pay reparations. He has
belonged to other political parties
and passed for pro-JewiSh. At
least, he was not anti-Jewish. Now
he is a Nazl.
Many contend that Hitler never
has been more than a figurehead
The great German industrialiStS,
headed by ThySSen, Colossus of the
Ruhr, they claim, are the real bosses
of Germany and Hitler is their man.
If that is true, from now on
Schacht will be the power behind
Hitler'S Self-made throne-the die
tator who will run the dictator-and
behind Schacht will be the ShadoWy
forks of ThysSen and the rest of
the barons of coal and steel.
Schacht is reported to have been
the man who obtained from Thyssen
the money with which to pay Hit
ler's camDaign expenses.
Fate in His Hands
AS economic Dictator Schacht
will be in control Of industry, bank
ing, exports and imports, finances,
exchange, labor, and practically
everything related thereto-includ-
ing the police powers necessary to
make his edictS stick
Hitler may seem to have a free
hand in Germany, but this freedom
is iIluSory. If DR.. Schacht fails in
his task, Hitler almost certainly will
fail in his. In Germany 65,000,000
people are looking to Hitler to pro-
vide them with jobs, food, and a
certain amount of prosperity. If he
fails them, he will have to go. He
may collapse in civil war
Yet Hitler knows nothing of eco
Monies, finance or business. DR.
Schacht is an expert. Hitlers fate
therefore, to a large extent would
seem to rest in the hollow of Herr
! nnatOr.'c hord