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...foremost financiers of the Great Powers that they resemble a gang of shady horse-traders is possessed by Dr. Hjalmar Schacht, the famed "Iron Man" who is President of Germany's Reichsbank. Today he represents the Fatherland on the Second Dawes Committee in Paris (TIME, Jan. 14 et seq.) which is trying to revise the Dawes Plan and decide how much Germany must eventually pay in reparations. Last week the "Iron Man" found himself deadlocked with the delegates of the Great Powers, who include John Pierpont Morgan. Result: Dr. Schacht, who fears not even Wall Street, expressed himself...
...take it or leave it offer−and a surprisingly generous one−was made to Germany by the Allies last week, according to the press bureau of the German delegation to the second Dawes Committee in Paris (TIME, Jan 14 et seq.). Whereas under the Dawes Plan the Reich is scheduled to pay in reparations $595,000,000 yearly, the Germans said they had been offered...
...Finance Minister, he won world fame by ''saving'' (stabilizing) the Belgian franc (TIME, Nov. 8, 1926). For the past month he has represented Belgium on the Second Dawes Committee which is striving at Paris to revise the Dawes Plan (TIME, Feb. 18, et seq.). Last week a news leak from the secret Committee sessions revealed that of all the Allied delegates only M. Francqui has roughly baited and tried out cross-examination methods on Germany's correct and stiff-necked "Iron Man." famed Dr. Hjalmar Schacht, Chief German Delegate and Governor of the Reichsbank. Typical...
...prove that Sir Joseph's opinionizing had spoiled the sale of a Kang Hsi vase to the late, great collector Henry Clay Frick. In 1921 Mrs. Harry Hahn of Kansas City brought a suit which only last fortnight came to a bootless halt (TIME, Feb. 18 et seq.). In 1923 suit was brought by the late Art Dealer George Joseph Demotte of Manhattan, which ceased when Mr. Demotte was accidentally shot to death while hunting in France...
...Hahn of Kansas City had been unable to prove that her heirloom painting was a Leonardo, or that Sir Joseph was guilty of slander when he pronounced it only a graceless copy of Leonardo's La Belle Ferroniére in the Louvre (TIME, Feb. 18 et seq.). Therefore she could not extract $500,000 damages from Sir Joseph. He, on the other hand, had failed to impress the jury with his opinions. Therefore he could not feel the pride appropriate to an international art tycoon...