Berlin (Oct. 28)
Stocks held by Jews in large commercial and industrial corporations will become worthless in the very new future it became clear today when the Ministry of Justice announced details of its project to deprive German corporations of their anonymity.
The proposed law is being drafted by experts of the Ministry of Justice and the Academy of German Justice, known officially as “Reformation of the Rights of Shareholding Companies,” it provides that each stock corporation is to have a Nazi party member as its president. This “fuehrer,” as he is to be officially dubbed, will have dictatorial powers. He is to control twenty per cent of the voting power in the corporation although the proportion of shares he will have will not entitle him legally to such power.
As an official representative of the Nazi Party, the fuehrer will be able to exercise control of all Jewish holdings.
Another provision of the projected corporation law will not permit the existence in Germany of a shareholding company unless it has a minimum capital of 500,000 marks. This means that many companies controlled by Jews will be eliminated from business, their stock automatically becoming worthless.
The announcement states that the elimination of small corporations will be carried out by force unless completed before the expiration of a short period of grace “for voluntary liquidation.”
Corporations which do not liquidate but remain as private concerns will be treated as private firms. If these private firms are owned by Jews and classified as such, the announcement emphasizes that they will be treated accordingly.