Chasing Gold: The Incredible Story of How the Nazis Stole Europe's Bullion (68 page)

BOOK: Chasing Gold: The Incredible Story of How the Nazis Stole Europe's Bullion
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My First Seventy-Six Years
, p. 375.
29.
  Because he’ll faint: Albert Speer,
Inside the Third Reich
, pp. 97-98.
30.
  To my successor: Hjalmar Schacht,
My First Seventy-Six Years
, p. 377.
31.
  Pick up on it: Harold James,
Schacht’s Attempted Defection from Hitler’s Germany
.
32.
  Untiring working strength: IMT 3021-PS, 97-EC.
33.
  Sitting in your chair: Hjalmar Schacht.
Account Settled
. p. 104.
34.
  Dismissed the threat: Martha Dodd,
Through Embassy Eyes
, pp. 236-240.
35.
  Enlightenment and propaganda: IMT 35-5-PS and 2828-PS.
36.
  Within their ranks: Albert Speer,
Infiltration
, p. 66.
37.
  Hands of Hermann Göring: John Weitz,
Hitler’s Banker
, pp. 209-221. Ralf Banken,
Edelmetallmangel und Groβraubwritschaft
, p. 241.
CHAPTER SIX: THE CLUB FOR CENTRAL BANKERS
1.
    Reichsbank’s Hjalmar Schacht: Liaquat Ahamed,
Lords of Finance
, pp. 23-72.
2.
    After World War I: Barry Eichengreen,
Golden Fetters
, pp. 224-245.
3.
    The hotel room: Hjalmar Schacht,
My First Seventy-Six Years
, pp. 250-251.
4.
    Coordinate national policies: Gianni Toniolo,
Central Bank Cooperation at the Bank for International Settlements
, pp. 35 and 46-58.
5.
    Largely of economists:
Ibid
., p. 62.
6.
    Flowing behind him: Erin E. Jacobsson,
A Life for Sound Money,
p. 102.
7.
    His Jewish counterpart: Hugh Trevor-Roper,
Hitler’s Table Talk
, pp. 432-433.
8.
    Do not understand: John Maynard Keynes,
The Great Slump of 1930
, p. 1.
9.
    Stable as possible: Liquat Ahamed,
Lords of Finance
, pp. 375-379.
10.
  DNA of the BIS: Gianni Toniolo,
Central Bank Cooperation at the Bank for International Settlements
, p. 131.
11.
  The basis of gold: Bank for International Settlements website Fifth Annual Report. BIS website: bis.org/publ/arpdf/archive/ar1935_en.pdf.
12.
  Signed his letters Heil Hitler: Gianni Toniolo, p. 225. William Slany,
U.S. and Allied Efforts to Recover and Restore Gold and Other Assets Stolen or Hidden by Germany During World War II
, p. 189-193.
CHAPTER SEVEN: AUSTRIA BECOMES THE FIRST EASY PIECE
1.
    And note taker:
Hossbach Memorandum
, 1937.
Documents on German Foreign Policy
, Series D, Vol. 1. pp. 29-39.
2.
    Bores his guests: Galeazzo Ciano,
Diary 1937-1943
, p. 233.
3.
    Period of Nazi aggression: Yale University. Avalon.law.yale.edu/imt/hossbach.asp.
4.
    Discussion of armaments:
Ibid
.
5.
    The armed forces: William Shirer,
The Rise and Fall of the Third Reich
, p. 318.
6.
    Demands one Reich: Adolf Hitler,
Mein Kampf
, p. 3.
7.
    March into Austria: Kurt von Schuschnigg,
Austrian Requiem
, pp. 3-27.
8.
    Residing in Czechoslovakia: William Shirer,
The Rise and Fall of the Third Reich
, pp. 332-333.
9.
    People and Fatherland: Kurt von Schuschnigg,
Austrian Requiem
, p. 39.
10.
  Was a mistake: Dieter Warner and Gerhard Tomkowitz,
Anschluss
, p. 97-99.
11.
  Treated as friends: William Shirer,
The Rise and Fall of the Third Reich
, pp. 337-342.
12.
  Regard to Austria: Dieter Warner and Gerhard Tomkowitz,
Anschluss
, p. 48-50.
13.
  The scheduled referendum: IMT C-102.
14.
  By phone at 2:45: Kurt von Schuschnigg,
Austrian Requiem
, pp. 45-48.
15.
  Nazi government popular: Götz Aly.
Hitler’s Beneficiaries
, pp. 81-83.
16.
  As soon as possible: IMT 182-C. Dieter Warner and Gerhard Tomkowitz,
Anschluss
, p. 140.
17.
  Homeland to the German Reich:
Ibid
., p. 194.
18.
  Return to the building: Norbert Schausberg,
Der Griff nach Osterreich
, pp. 35-50.
19.
  Account of the Reich: IMT 2313-PS.
20.
  Value of 1:1: IMT EC-421.
21.
  At a rapid rate: HM 115:198.
22.
  The Vienna bank: IMT E-297-A.
23.
  New York City: TCA Austria, November 4, 1947. NACP RG59/62D115 Box 14.
24.
  The takeover simple:
Ibid
.
25.
  From Austrian Jews: Ralf Banken,
Edelmetallmangel und Groβraubwritschaft
p. 291.
26.
  Escape from persecution:
Ibid
., pp. 292-302.
27.
  Million Reichsmark: Adam Tooze,
The Wages of Destruction
, pp. 245-246.
28.
  Countries they invaded: GFA, R2501/6446.
29.
  Balance of payments constraint: Adam Tooze,
The Wages of Destruction
, p. 246
CHAPTER EIGHT: AN INSIDE JOB AGAINST CZECHOSLOVAKIA
1.
    Tons of gold: Eduard Kubu,
Czechoslovak Gold Reserves and Their Surrender to Nazi Germany
, The London Conference, pp. 245-248.
2.
    Earlier October:
Documents on German Foreign Policy
, Series D, Vol. II, no. 221, pp. 357-62.
3.
    Way to German authorities: William L. Shirer,
The Rise and Fall of the Third Reich,
p. 376.
4.
    And flames up:
Jodl Diaries
, IMT EC-405 and PS-178.
5.
    The Sudeten Germans: Richard Evans,
The Coming of the Third Reich
, p. 674.
6.
    Fallen from heaven: John Toland,
Adolf Hitler
, pp. 650-651.
7.
    Cabinet and parliament:
Ibid
. p. 655.
8.
    Relationship of confidence: William L. Shirer,
The Rise and Fall of the Third Reich,
pp. 391-401.
9.
    On September 29: Harold C. Deutsch,
Hitler and His Generals
, pp. 401-410. William L. Shirer,
The Rise and Fall of the Third Reich,
pp. 404-412.
10.
  We know nothing: BBC Online Archives: “Chamberlain Addresses the Nation on His Negotiations for Peace.”
11.
  Peace in our time:
BBC On This Day
.
12.
  Generals urged restraint: TD, 7971-2.
13.
  The Slovak economy:
Documents on German Foreign Policy
, Series D, Vol. VI, pp. 947-48.
14.
  Orders of the Führer: IMT, XXVIII, p. 373. Jodl Diary, p.167.
15.
  From that angle:
The British War Bluebook
, Speech by the Prime Minister at Birmingham on March 17, 1939.
16.
  Deliver 12.5 tons: Eduard Kubu,
Czechoslovak Gold Reserves and Their Surrender to Nazi Germany
, p. 246. Gianni Toniolo,
Central Bank Cooperation at the Bank for International Settlements
, p. 204.
17.
  Had 74 tons left: Gianni Toniolo,
Central Bank Cooperation at the Bank for International Settlements
, p. 546.
18.
  Under German control: IMT, Morning session, May 3, 1946.
19.
  Remaining Czech gold: Eduard Kubu,
Czechoslovak Gold Reserves and Their Surrender to Nazi Germany
. pp. 246-247. Gianni Toniolo,
Central Bank Cooperation at the Bank for International Settlement
, pp. 205-206.
20.
  In the telegram: J.S. Beyen.
Money in a Maelstrom
. pp. 137-140.
21.
  Unilaterally to block it: BA, Treasury Papers, T160/1417.
22.
  To the Germans: Eduard Kubu,
Czechoslovak Gold Reserves and Their Surrender to Nazi Germany
, p. 246. Thomas McKittrick Papers, Harvard Business School Library, carton 9, f.2. Gianni Toniolo,
Central Bank Cooperation at the Bank for International Settlement
, p. 546.
23.
  Anticipation of war: Gianni Toniolo,
Central Bank Cooperation at the Bank for International Settlement
s, p. 205-213.
24.
  That was a lie: Paul Einzig,
In the Centre of Things
, pp. 186-194.
25.
  Out of Hitler’s hands:
Ibid
.
26.
  Governments of those days: J.S. Beyen,
Money in a Maelstrom
, pp. 137-140.
27.
  I’ll say you are: HM 170:124-129.
28.
  At that point:
Ibid
.
29.
  You look at it:
Ibid
.
30.
  Half to Switzerland: Eduard Kubu,
Czechoslovak Gold Reserves and Their Surrender to Nazi Germany
, pp. 245-248.
31.
  The former Czechoslovakia:
Ibid
., pp. 245-249. Colonel Bernard Bernstein report to Lt. General Lucius Clay, November 1, 1945. NACP RG 260 File 940.607.
CHAPTER NINE: MUTINY AT THE REICHSBANK
1.
    Results of our policy: IMT 611-EC.
2.
    England target 1942: Georg Thomas,
Geschichte der Deutchen Wehr—und Ruestungswirtschaft
, p. 509.
3.
    The new demand: Adam Tooze,
The Wages of Destruction
, pp. 223-239.
4.
    Hands of criminals: IMT, May 1, 1946 morning session. Exhibit Schacht-34.
5.
    Hitler by the throat: IMT, April 25, 1946 morning session.
6.
    Demanded of me: Ulrich von Hassell,
Von Anderen Deutschland
, pp. 3-31.
7.
    Then hang me: Edward Peterson,
Hjalmar Schacht
, p. 320.
8.
    Attack on
Kristallnacht
: John Toland,
Adolf Hitler
, pp. 696-698.
9.
    Reich was bankrupt: IMT PS-3731.
10.
  Brink of financial collapse: Adam Tooze,
The Wages of Destruction
, pp. 252-253.
11.
  After the holidays: Adam Tooze,
The Wages of Destruction
, pp. 297.
12.
  Likely lead to inflation: Hjalmar Schacht,
Account Settled
, pp. 134-135.
13.
  Hitler and his methods: IMT, May 3, 1946, p. 72. EC-348.
14.
  Country’s financial situation: IMT 369-EC. Hjalmar Schacht,
Account Settled
, pp. 133-134.
15.
  Hitler was coming: Hjalmar Schacht,
My First Seventy-Six Years
, pp. 199-200. IMT EC-348.
16.
  Reichsbank and currency: IMT 369-EC.
17.
  Dumb and useless: IMT 369-EC.
18.
  Put off to 9:15: Hjalmar Schacht,
My First Seventy-Six Years
, p. 392.
19.
  Not sufficiently Nazi: John Toland,
Adolf Hitler
, pp. 695-696.
20.
  Have kept silent: Hjalmar Schacht,
My First Seventy-Six Years

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