THE WITCH’S CAULDRON.

Hokitika Guardian, 6 July 1931, Page 2

THE WITCH’S CAULDRON.

CONDITIONS IN GERMANY. LONDON, June 19. The Berlin correspondent < i * n “New Chronicle” says that Germany resembles a witch’s cauldron, seething at the surface with intense political ar.d social effersescence, while a political crisis is developing. Panic has seized thousands of investors and only the intervention of the Reichsbank and big private banks prevented the slump in securities becoming catastrophic. The rush,to secure foreign money has revived memories of 1923.. Workers domestics and shop assistants are queueing up to change their savings, especially into dollar notes, of which the supply ran out. Brokers told applicants that they must await arrival of the liners bringing currency from America. Many clashes have occurred between Communists and Fascists in provincial cities. There was fierce fighting at Frankfurt. The police fired on the mobs at Hamburg, where Communists on the roll's bombarded police and Fascists with stones, wounding a woman and a girl.