Monday, Sep. 17, 1934

$10,000 Hours?

Faces were glum at the Ministry of Propaganda & Public Enlightenment last week. Ruefully, prominent propagandists admitted that autocratic President Hjalmar Schacht of the Reichsbank had just put a severe crimp in the world-wide activities of their club-footed idol, Dr. Paul Josef Goebbels, gnomish Minister of Propaganda & Public Enlightenment.

"Dr. Schacht refuses to understand," wailed a close friend of Dr. Goebbels. "He has cut to zero the sums we may transmit out of the Fatherland for enlightenment abroad." In their sorrow Dr. Goebbels' somewhat naive henchmen then revealed a fact--utterly staggering if it were a fact. They said blandly that Dr. Goebbels has been spending on propaganda abroad 200,000,000 marks or $80,000,000 a year, nearly $10,000 per hour, night & day. Since this would be enough to pay the interest for over two years on the Dawes and Young bonds now belligerently defaulted by Dr. Schacht, financiers were inclined to scoff at the idea that Dr. Goebbels ever spent any such sums, whatever he may tell his friends in exuberant moments.

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