Description:

HJALMAR SCHACHT
(1877 - 1970) German financier and banker who engineered the rearmament of Germany. Broke with Hitler and joined the resistance when Germany went to war. Aquitted at Nuremberg. T.L.S. as Minister of Economics on official letterhead, 3pp. large 4to., Berlin, Dec. 16, 1936 to HERMANN GOERING. A rather telling letter exposing the growth of Germany's arms industry, in part: "...The Reichs Forestry Department was recently ordered to provide forest property in Hamburg to erect a plant for the production of explosives...I ask myself is the increasing of German explosive exports really possible and are these based on insane expectations?..." He continues, explaining the contractual obligations make exports impossible, and that English and American competitors had a great advantage over similar industries in Germany. He concludes refusing to release funds to build the plant. File holes at left margin, else very good.

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January 30, 2013 11:00 AM EST
Stamford, CT, US

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