Magazine content is available exclusively for TIME subscribers.GERMANY: With Firm but Heavy Heart
The Young Plan's two archfoes, Dr. Alfred Hugenberg, "Hearst of Germany," and Dr. Hjalmar Schacht, resigned presi dent of the Reichsbank, both nursed their feelings last week as the Reichstag ratified the Plan with a vote of 270-192.
Entirely due to President Paul von Hindenburg was the impressive majority. Realizing that the bill had to pass, Centrist opponents of the Young Plan schemed to save their faces by abstaining from the vote to allow the bill to squeak through and become law by the President's signature. The grizzled, grim President, who apparently knows...
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