GERMAN CRISIS.

Press, Volume LXVII, Issue 20366, 13 October 1931, Page 9

GERMAN CRISIS.

BURDEN OF FOREIGN DEBTS.

BANKER REVEALS PLIGHT. NAZIS DENOUNCE PEACE TREATY. (CSITED PRESS ASSOCIATION—BY ELECTIiIO telegbaph—copyright.) (Received October 12th, 7.40 p.m.) BERLIN, October 11. Dr. Sehacht (president of the Reichsbank), in a most outspoken speech, said Germany's foreign debts wore considerably higher than reported. Repayments on the duo dates were impossible, but. the people were not told, lest they should become nervous. They were also not told that the Reichsbank's holdings wero inadequately covered by gold, and included largo amounts of foreign currencies shortly due for repayment. Tho singing of "Deutschland Über Alles" concluded tho first Congress at B:\d-Harzburg of 1000 National Opposition Party delegates of various groups who wero called to agree to resolutions for (submission to the Reichstag at a meeting on October 13th. The resolutions included a demand for a dissolution of the Reichstag and annulment of the emergency decree. Herr Adolf Hitler was wildly applauded for denouncing the Versailles Treaty, and declaring the Nazis to be tho inveterate enemies of Marxism and Bolshevism." He condemned Dr. Bruening's neglect to enlighten the world regarding Germany's terrible internal position. Herr Hugeberg met with an ovation when he said that though notod.y wanted war, Germany must he pre- ! pared to risk her life for freedom. The significance of Herr Adolf Hitler's audience with President Hindenburg lies in the inference that the Nazis are willing to adopt constitutional methods to enter the Government. It is believed a combination in the Reichstag may defeat Dr. Heinrich Bruening, and then offer to form a Nationalist Government, whose first act would be to demand a dissolution. DEMAND FOR ARREST. DR. SCHACHT FLIES TO ITALY. (Received October 13th, 1 a.m.) BERLIN, October 12. To escape tho consequences of his startling attack on the Reichsbank, Dr. Schacht has fled to Italy. Tho Berlin Press did not publish the text of his speech, but it is plain that Dr. Schacht condemned the Reichsbank as bankrupt and accused the management of publishing falsified reports. Tho newspapers describe Dr. Schacht as an economic traitor and demand his arrest.