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...Schacht was not simply cutting off Germany's nose to spite her face but, in complex fashion, was cutting ultimate U. S. exports to Germany when he abruptly cut German exports to the U. S. by canceling use of the trick marks which he originally devised to boost German exports...

Author: /time Magazine | Title: GERMANY: Marks of War | 8/17/1936 | See Source »

...goods in Germany or could sell them to someone else in his own country who wished to do so. Obviously the foreign creditor could sell his blocked marks only at a discount and the effect of this was the same as a subsidy enabling the German exporter to boost sales by quoting lower prices. As the system grew it became so complicated that Dr. Schacht's books now have entries representing some 20 different kinds of marks in actual use in three broad classifications : the Registered Mark, the Securities Blocked Mark and the Credit Blocked Mark...

Author: /time Magazine | Title: GERMANY: Marks of War | 8/17/1936 | See Source »

...went aboard the Rex, Mr. Gerard undertook to give President Roosevelt a parting boost by declaring that he had $20,000 to bet 2-to-1 on Roosevelt's reelection, boasting that he could find no takers (TIME, July 27). If he thought that his offer would be safe because he was at sea, he was mistaken. Robert B. Greene, a Wall Street betting commissioner, in a radiogram to the Rex, took half the Democratic financier's bet for a client. Next a Republican who voted for Roosevelt in 1932, Le Grand Bouton Cannon of Tuxedo Park...

Author: /time Magazine | Title: DEMOCRATS: $3,400 Vote | 8/10/1936 | See Source »

...Benito Mussolini, success of the Spanish rebellion might mean more than another boost for Fascism. All over Europe the same rumor was being spread last week. In return for Italian backing and Italian munitions, Spanish Revolutionist Francisco Franco had promised Benito Mussolini to end Spain's present alliance with France and to give Italy the right to fortify Ceuta, opposite Gibraltar, and to use one of the Balearic Islands as a naval base. The Spanish Fascists were a long, long way from victory last week, but if they should succeed and if there were any truth in this rumored...

Author: /time Magazine | Title: SPAIN: Passion Flowers | 8/10/1936 | See Source »

Measured praise for Chairman Eccles and his Board was heard last week from none other than Montagu Collet Norman, foxy old governor of the Bank of England, who arrived in Manhattan for one of his hasty U. S. visits. Asked what he thought of the boost in reserve requirement, he replied...

Author: /time Magazine | Title: Business & Finance: Brakes Tightened | 7/27/1936 | See Source »

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