Wizard's Words

Dr. Hjalmar Schacht, German master of ledgerdemain, ousted from the Reichsbank presidency in January to make way for Nazi inflationists, embarked on a world-circling vacation trip. Last week he arrived in Bombay, India, tush-tushed reports that he had come to barter for Indian cotton. Surprisingly unsanguine, he said of Britain's stop-Hitler alliances: "We will do our best when the time comes. . . . We will give them a good fight."

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