Mighty Utimerging

Hailed by Nazis as a master stroke, almost the first economic act of the Hitler regime was to bash together those two able rivals, Hamburg-American and North German Lloyd.

In the year just closed German shipping took the worst beating suffered by the merchant marine of any nation whatsoever. Last week, less than 20 months after the merger was consummated, frantic Nazis abruptly split the two companies they had merged into five. "The reason is," explained Realmleader Hitler's Shipping Commissioner Essberger, "we have found that it is the large German shipping companies which have suffered most. So we must have more small companies." With his chronic German inferiority complex telling him how silly this must seem abroad, Commissioner Essberger blazed: "It makes no difference what foreigners say about our program!"

German shipping stocks slumped so badly on Berlin 'Change at news of the new Nazi whimsy that Realmleader Hitler decided at the last moment to lend his prestige to the launching of an 18,000-ton ship at Bremen, astonished everyone by his unexpected arrival, ran down a busload of actors on his way home (see below).

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