Dr. Karl Melchior, the Jewish banker, who is a relative and partner of Herr Max Warburg, has been appointed by Dr. Luther, the President of the Reichsbank, as the German Representative on the Special Advisory Committee of the International Settlements Bank, which is being summoned on Germany’s request in accordance with the provisions of the Young Plan to consider Germany’s formal submission that she is unable to meet her reparations obligations and to deal with the situation thus created.
Dr. Melchior, who celebrated his 60th birthday about a month ago, when he received a personal letter of congratulation from the German President, Field-Marshal von Hindenburg, is one of Germany’s greatest financial authorities. He was in 1919 one of the six German delegates at the peace negotiations in Versailles. In 1920 he was the German expert at the Spa and Brussels conferences between Germany and the Entente countries, and in 1922 he participated in the Genoa Conference. In 1926 he was appointed the German member of the Permanent Finance Commission of the League of Nations, and recently he was Chairman of the Commission. In 1929 he was the chief German representative at the Reparations Conference in Paris. When the International Settlements Bank in Basle was established, he became the German Representative on the Board of Directors, and he is a Vice-President of the Bank.
Dr. Melchior has several times been offered membership of the German Federal Cabinet, but has always refused to join the Government.
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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.
