Evening star., 1936-04-28
G0ER|NG BECOMES
FISCAL DICTATOR.
Supersedes DR.. Schacht in
Management Of Foreign Ex-
change and Raw Materials.

(Copyright. 1896. by the Associated Press.)
BERLIN, April 28.-Dr. Hjalmar
Schacht, heretofore chief teller of Ger.
many's economic structure, became
the Reich's No. man in commerce,
industry and economics today, and the
dynamic Gen. Hermann Wilhelm
Goering superseded him as far as
management Of foreign exchange and
raw materials was concerned.
An official communique, announcing
the appointment Of the air minister
and premier of Prussia by Adolf Hitler
last night as supreme dictator over all
foreign exchange and raw material
questions, asserted:
"Inasmuch as in handling Of ques-
tions concerning raw materials and
foreign exchange, numerous govern
ment and party Offices must cooper
ate, Der Fuehrer and reichschancellor
has delegated to the Prussian prime
minister examination and execution Ct
all necessary measures.
Prime Minister Goering is author
lied in this connection to hear and to
give instructions to all government and
party Offices. He is authorized to ask
for the support of the respective Reich
ministers. and in case of necessity he
may delegate them to represent him"
Business Is Concerned.
AS Gen. Goering's appointment be-
came known today the question anx-
iously raised in business circles was:
rs Schacht merely STOPPING to con-
quer, or is this the first step toward
his fading out of the picture, just as
Reichsbishop Ludwig Mueller faded
out Of the Protestant picture when
Hans Kerrl superseded him as min
lister for ecclesiastical affairs?"
A correspondent discussed the sit
uation with bankers, Nazi party Off
cials, representatives of the dye trust
and the potash syndicate and an aris-
tocrat with vast agricultural holdings.
With one accord, they agreed that
Schacht's elimination from public life
would be a signal for foreign countries
to regard Germany's economic struc-
ture as unstable.
All agreed further that Schacht,
as Germany's financial and economic
expert, had incurred the bitter enmity
Of the Nazi party.
In this respect, they said Schacht
was not without personal fault, for
instead Of adapting himself to the
language and theology of Nazism, he
heaped sarcasm upon such Nazi ideas
as he considered impracticable.
He neglected also to rally prom
inent captains of industry, all of whom
recognized his genius. about him as
Walther Dare, minister of agricul-
ture, won the support of the farmers,
and Robert Ley. trade union COM
missioner, rallied labor.
The result, these sources said, was
that Schacht fought lone battle as
minister of economics.
Weary Of Long Struggle.
One industrialist with vast inter
national interests observed, "Schacht
has been growing weary of his long
struggle with party doctrinaires, and
lacked the pep to translate his theory
into action.
"Schacht needs a dynamic per-
sonality above him who will compel
the nation to toe Schacht's mark
Goering is just such person. Schacht
will in the future draft DEGREES, as
in the past, but Goering will sign
them, which means nobody will dare
ignore them.
Sabotage such as many Of the
party hierarchy have indulged in will
be a thing of the past
The optimistic view failed to find
credence in other quarters equally de-
voted to Schacht.
One of his closest collaborators
frankly told the correspondent Schacht
was fighting losing game.
However much Hitler might value
Schacht's economic expertness, this
source said, Der Feuhrer could not
retain the economics minister perna-
nently in the face of growing Nazi
party opposition.
Schacht's collaboration pointed out
that the minister. for the last several
days, had failed to fly the official
ministerial flag on his automobile and
failed to carry out a scheduled presen-
tation of S. A. (Storm Troop sports
insignia in his ministry to those who
A.