Wednesday, July 26, 2023

Today -100: July 26, 1923: Dr. Evil voice: 5 million marks


British Prime Minister Stanley Baldwin does not agree with the French and Belgian position that the only reply to Germany should be a demand that all resistance in the Ruhr should end, with terms set by them after Germany surrenders. France is complaining that it has to maintain a big army but Germany is barely allowed any army, so its capacity to pay reparations is bigger than it claims. Something like that.

Germany is going to print a 5 million mark note. It presumably won’t show up in the Ruhr, where the French are grabbing any German cash they can find. 

The cashier at the Essen branch of the Reichsbank is fined 5 million marks, which he’ll be able to pay off with one of those notes, and given a 2-month sentence for giving the French the wrong key when they demanded access to the vaults, a key that instead of opening it activated some security thing, and the French can’t figure out how to break in.

Manuel Quezon, who resigned as president of the Philippine Senate, says the demand for the recall of Gov.-Gen. Leonard Wood is nothing personal (sure it is, he’s an autocratic jerk), and Harding should replace him with someone who could work in harmony with the Filipino people. An actual Filipino, for example.

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