In accordance with Chancellor Hitler’s directions for the reestablishment of economic peace within Germany, the Nazi works council, which was responsible for placing most of the Nazi commissars in Jewish-controlled business and industry, declared today it would immediately withdraw all its representatives who had forcibly been placed on the boards of the various concerns.
It was learned today that the Hamburg-American Lines, the entire board of which resigned earlier this week to be replaced by a management pledged to conduct the line’s operations in accordance with the spirit of Hitler and Nazi precepts, is negotiating with the Government to make good the terrific losses sustained by the line as a result of the anti-Nazi boycott abroad and the depreciation of the dollar.
That the line had suffered severely was admitted by Max von Schinkel, retiring head of the lines, at a meeting of the concern’s shareholders at Hamburg, earlier in the week.
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.
