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WALL STREET AND THE RISE OF HITLER

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APPENDIX B: Affidavit of Hjalmar Schacht 

I, Dr. Hjalmar Schacht, after having been warned that I will be liable to punishment for making false statements, state herewith under oath, of my own free will and without coercion, the following:

The amounts contributed by the participants in the meeting of 20 February 1933 at Goering's house were paid by them to the bankers. Delbruck, Schickler & Co., Berlin, to the credit of an account "Nationale Treuhand" (which may be translated as National Trusteeship). It was arranged that I was entitled to dispose of this account, which I administered as a trustee, and that in case of my death, or that in case the trusteeship should be terminated in any other way, Rudolf Hess should be entitled to dispose of the account.

I disposed of the amounts of this account by writing out checks to Mr. Hess. I do not know what Mr. Hess actually did with the money.

On 4 April 1933, I closed the account with Delbruck, Schickler & Co. and had the balance transferred to the "Account Ic" with the Reichsbank which read in my name. Later on I was ordered directly by Hitler, who was authorized by the assembly of 20 February 1933 to dispose of the amounts collected, or through Hess, his deputy, to pay the balance of about 600,000 marks to Ribbentrop.

I have carefully read this affidavit (one page) and have signed it. I have made the necessary corrections in my own handwriting and initialed each correction in the margin of the page. I declare herewith under oath that I have stated the full truth to the best of my knowledge and belief.

(Signed) Dr. Hjalmar Schacht

12 August 1947

In a subsequent affidavit of 18 August 1947 (N1-9764, Pros. Ex 54), Schacht declared the following with regard to the above interrogation: "I made all of the statements appearing in this interrogation to Clifford Hyanning, a financial investigator of the American Forces of my own free will and without coercion. I have reread this interrogation today and can state that all of the facts contained therein are true to my best knowledge and belief. I declare herewith under oath and I have stated the full truth to the best of my knowledge and belief."

Source: Copy of Document Prosecution Exhibit 55. Trials of War Criminals before the Nuremburg Military Tribunals under Control Council Law No. 10, Nuremburg, October 1946-April 1949, Volume VII, I.G. Farben, (Washington: U.S. Government Printing Office, 1952).

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