Wednesday, 12 March 1930

Germany:

Berlin:  The Reichstag approves the final reading of the Young Plan bill, 266-193, ending the days of political maneuvering over the bill and, some hope, ushering in a new financial era for Germany.  At the last minute, nationalists, supported by the communists, attempt to introduce a resolution which would delay signature of the bill by President Paul von Hindenburg for two months.  The government counters with a proposed resolution making immediate signature of the bill mandatory – and the government’s resolution carries the vote.  The communists make one last-ditch effort to derail the proceedings, calling for a vote of no-confidence in the government of Chancellor Hermann Mueller, which also fails, 277-169.  The nationalists jeer as the votes are counted.

Breslau:  More impact from the worldwide economic depression: the old German trading house Molinari declares bankruptcy.  The firm, though not overly large, is famous for the literary popularity it gained as the model for the fictional trading house in Gustav Freytag’s novel Debit and Credit.