BANKING: Insider from Overseas

Despite the denunciations of demagogues, shrewd international bankers are a commodity of which the U. S. has never had an adequate supply. Most costly evidence of the fact is the $1,175,000,000 of defaulted bonds outstanding which foreigners (Germany: 26.4%) owe U. S. investors. This week, however, the U. S. acquired a very competent specimen of the breed—a present from Adolf Hitler. He is Otto Jeidels (pronounced Yi-dels), a tall handsome man with a twinkle in his eye, who habitually talks so fast that no one else can get in a word. Before...