Confessions of "The Old Wizard"': Autobiography

By Hjalmar Horace Greeley Schacht; Diana Pyke | Go to book overview

XLII
A STRONGHOLD OF JUSTICE

I TOOK OVER the Ministry of Economic Affairs barely four weeks after the Röhm rebellion. At that time I was far too deeply immersed in my duties to pay particular attention to revolutionary tendencies in any special section of the party. In this way I remained unaware of all the details concerning the preparation of the plot: in fact the press reports of the actual coup took me by surprise.

On the previous evening I had expected Dr. Goebbels and his wife to dine with us. My secretary had repeatedly telephoned Goebbels' home to ask what had happened but had received no reply.

The little doctor who, through his Ministry of Propaganda, exercised such a baleful influence not only on the German people but also on Adolf Hitler was my enemy by instinct. He hated me. In his opinion economics was a necessary evil. He was certainly in no mind to allow his position as "First Intellectual" to be filched from him by the government's economist.

Since I don't like being involved in unnecessary intrigues and enmities I had invited him to dinner, but, as already mentioned, he did not come and the next morning I learned the reason for his discourtesy. In Munich and neighborhood, under Hitler's direction, a Putsch on the part of S.A. "higher-ups" had been suppressed and many people shot, among them several who had nothing to do with the S.A.

Looking back, we know now that at the time an action was involved in the course of which one group of interests within the party, headed by Hitler and including Goering, Heydrich, Himmler and Goebbels, rendered the other group harmless. The fact that individual satraps took advantage of the event to settle their private feuds and add them to the general account, puts a very black complexion on the whole affair.

When I learned of the first details I shuddered. During periods

-294-

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Confessions of "The Old Wizard"': Autobiography
Table of contents

Table of contents

  • Title Page iii
  • Introduction vii
  • Contents xv
  • Illustrations xix
  • I - The Schacht and the Eggers Families 1
  • II - Three Towns Beginning with "H" 14
  • III - Three Emperors in One Year 26
  • IV - Cholera in Hamburg 38
  • V - A Meeting with Bismarck 47
  • VI - At the University 52
  • VII - An Unpaid Assistant on the Kleines Journal 60
  • VIII - Paris at the Turn of the Century 66
  • IX - Doctor of Philosophy 72
  • X - Commercial Treaties 80
  • XI - I Meet Some of the Big Bankers 87
  • XII - The Dresdner Bank 92
  • XIII- The Near East 101
  • XIV - My Family 107
  • XV - Germany's Turning Point 112
  • XVI - The First World War 119
  • XVII - Appointment as Director of the Bank 128
  • XVIII - The Founding of a Party 136
  • XIX - Member of the Workers' And Soldiers' Council 143
  • XX - Inflation 151
  • XXI- With the Danat Bank 156
  • XXII - The Secret of the Stabilized Mark 162
  • XXIII - President of the Reichsbank 173
  • XXIV - The Bank of England 179
  • XXV - The Center of Separatism 186
  • XXVI - Monsieur Poincaré 192
  • XXVII - A Painful Recovery 198
  • XXVIII - The Reichsbank from the Inside 206
  • XXIX - Some Economic Aftereffects 211
  • XXX - Clouds on the Horizon 217
  • XXXI - I Sign the Young Plan 224
  • XXXII - A Far-Reaching Idea 230
  • XXXIII - I Resign from the Reichsbank 237
  • XXXIV - On My Own 244
  • XXXV - The End of Reparations 250
  • XXXVI - Meeting with Hitler 256
  • XXXVII - The Bank Crisis 262
  • XXXVIII - The Harzburg Front 268
  • XXXIX - President of the Reichsbank Again 275
  • XL - A Visit to Roosevelt 281
  • XLI - Conversion Fund and "Mefo" Bills 287
  • XLII - A Stronghold of Justice 294
  • XLIII - The New Plan 301
  • XLIV - Mainly About Pictures 308
  • XLV - At Odds with the Party 313
  • XLVI - The Königsberg Speech 318
  • XLVII - The Jewish Question and The Church Question 322
  • XLVIII - Rearmament 330
  • XLIX - Hermann Goering 335
  • L - Foreign Policy 346
  • LI - I Break with Hitler 353
  • LII - From an Attempted Coup D'Etat To an Attempted Assassination 361
  • LIII - Concentration Camps 382
  • LIV - In American Hands 397
  • LV - Nuremberg Prison 402
  • LVI - The Prisoners 405
  • LVII - The Nuremberg Tribunal -- I 411
  • LVIII - The Nuremberg Tribunal -- II 425
  • LIX - The Denazification Tribunals 442
  • LX - Free Once More 449
  • LXI - Off to the Far East 453
  • LXII - Under the Garuda 459
  • LXIII - Finale 468
  • Index 473
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