Shadows in Paradise
“"A kind of bar mitzvah," he explained. "They've just become American citizens." "So quickly? Doesn't it take five years?" "The Vriesländers took out their first papers five years ago. They came over with the 'smart wave* before the war started." "They were smart, all right," I said. "Why didn't we think of it?" Vriesländer had been lucky. Long before the Nazis came to power he had invested heavily in American securities, mostly AT&T, which had almost doubled in value over the years. Even so, he... had made a big mistake. The greater part of his capital had been tied up in his business—silks and furs. He had thought there would be plenty of time to liquidate if the situation became critical. But trouble came from an unexpected quarter two years before the Nazis seized power. It suddenly became known that one of the leading German banks was threatened with bankruptcy. For fear of a general panic—the Germans had not forgotten the terrible inflation of ten years before, when the mark had dropped to one-billionth of its normal value—the democratic government had imposed currency control and blocked all foreign transfers, thereby unwittingly signing the death sentence of innumerable Jews and anti-Nazis.MoreLess
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