27 Nov. 45
various branches of the Party have
their own budgets, and for this reason have possibilities of incomes
and expenses though based on the sovereignty of finance of the State,
but not subject to the control of the Finanzminister"--Minister
of Finance--"and therefore also not subject to the control of
the Cabinet. Just as in the sphere of politics the much too
far-reaching delegation of legislative powers to individuals brought
about various states within the State, exactly in the same way the
condition of various branches of State and Party, working side by
side and against each other, has a devastating effect on the
possibility of finance. If, in this territory, concentration and
unified control is not introduced very soon, the solution of the
already impossible task of armament finance is endangered.
"We have the following tasks:
"(1) A deputy is entrusted with, I suppose, finding all
sources and revenues, which have origin in contributions to the
Federal Government, to the State and Party, and in profits of public
and Party enterprises.
"(2) Furthermore experts entrusted by the Führer have
to examine how these amounts were used and which of these amounts in
the future can be withdrawn from their previous purpose.
"(3) The same experts have to examine the investments of all
public and Party organizations, to what extent this property can be
used for the purpose of armament financing.
"(4) The federal Ministry of Finances is to
be entrusted to examine the possibilities of increased revenues by
way of new taxes or the increasing of existing taxes.
"The up-to-date financing of armaments by the Reichsbank,
under existing political conditions, was a necessity, and the
political success proved the correctness of this action. The other
possibilities of armament financing have to be started now under any
circumstance. For this purpose all absolutely nonessential
expenditures for other purposes must not take place, and the total
financial strength of Germany, limited as it is, has to be
concentrated for the one purpose of armament financing. Whether the
problem of financing as outlined in this program succeeds remains to
be seen, but without such concentration it will fail with absolute
certainty."
Being sort of a hand in finance myself, I can
feel some sympathy with the Defendant Schacht as he was wrestling
with these problems.