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have been decreased on the average in the neighborhood of thirty-five to forty percent.
This, curiously enough, has not resulted in much more than grumbling, partly because of the Messianic fervor with which Hitler has inculcated large numbers of the German people. The willingness to sacrifice is still strong.
Dr. Ley, leader of the Labor Front, staved off much dissatisfaction early in May with promises of increased pay for workers. Dr. Ley’s speech, however, led to his “going on leave” with his return to power problematical. The financial powers were not and are not in favor of wage increases.
Several Strikes in industrial concerns against law wages from numerous “contributions” have to be paid before the worker takes his envelope home, have been reported, but industrial unrest has not yet reached the point where it can be considered serious.
In the meantime, the fate of the Nazi regime rests on the relative speeds of the Nazi armaments race and Dr. Schacht’s ingenuity in devising schemes to meet its cost. Should the Nazi extremists become heedful of Dr. Schacht’s admonitions and temper their plans to the means, the Reichsbank master can furnish, the Nazi regime may coast along for some time. But judging from what has been done to date, this is not likely. Schacht is forced to one expdient after another to “cover up” after the armament orders. How long he can continue is problematical.
There is a report making the rounds that gives an apt idea of what he is up against. Schacht is said to have protested in no mild manner to the pachydermous Goering that the Air Ministry, in the current year alone, had exceeded its budget by over $290,000,000. To this the ponderous general is said to have replied loftily that the financial side of the business did not concern him in the least.
If this is to be the general attitude of the rulers of the Reich, the #ay is not far off when inflation will be the rule in Germany. And not even a Hitler can survive an inflation similar to the post-war days.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
