GISEVIUS: Schacht told me at the time that after all we had experienced the generals could not be relied upon ever really to revolt. For that reason, as a politician, he considered it his duty to think of some possibility other than a revolt for bringing about a change in conditions in Germany. For that reason he evolved a plan which he explained to me at the time. Schacht said to me, “I have got Hitler by the throat.” He meant by that, as he explained to me in great detail, that now the day was approaching where the debts which had been incurred by the Reich Minister of Finance, and thus by the Reich Cabinet, would have to be repaid to the Reichsbank. Schacht doubted whether the Minister of Finance, Schwerin-Krosigk, would be prepared without further ado to carry out the moral and legal obligation of repaying the credits which had been extended.
Schacht thought that that was the moment in which he should come out with his resignation, with a joint step by the Reichsbank Directorate; and he hoped that, given that situation, the other ministers of the Reich would join him, the majority of whom were still democratic at the time.
That is what he meant when he said to me, “I have still one more arrow I can shoot, and that is the moment when not even a Neurath, a Gürtner, a Seldte can refuse to follow me.”
I answered Schacht at that time that I doubted whether there would ever be such a meeting of the Cabinet. In my opinion, the steps which would be taken to dispose of him would be much more brutal. Schacht did not believe me, and above all he told me he would be certain of achieving one thing; these matters would have to be discussed in the Cabinet, and then he would cause a situation in Germany as alarming as the one which existed in February 1938 at the time of the Fritsch crisis. He therefore expected a radical reformation of the cabinet which would provide the proper psychological atmosphere for the generals to intervene.
DR. DIX: You said at the beginning that Schacht had said or hinted that he could not absolutely rely on the generals to bring about a revolt. Which generals was he referring to, and what did he mean?
GISEVIUS: Schacht meant at the time the first revolutionary situation which had arisen in Germany, during the months of May to September 1938, when we drifted into the Czechoslovakia war crisis. Beck had assured us at the time of his resignation—by us I mean Goerdeler, Schacht and other politicians—that he would leave to us a successor who was more energetic than himself, and who was firmly determined to precipitate a revolt if Hitler should decide upon war. That man whom Beck trusted, and to whom he introduced us, was General Halder. As a matter of fact, on taking office, General Halder immediately took steps to start discussions on the subject with Schacht, Goerdeler, Oster, and our entire group. A few days after he took over his office he sent for Oster and informed him that he considered that things were drifting toward war, and that he would then undertake an overthrow of the Government. He asked Oster what he, for his part, intended to do to bring civilians into the plot.
DR. DIX: Who were the civilians in question, apart from Goerdeler and Schacht?
GISEVIUS: Halder put that question to Oster, and under the circumstances at that time, when we were still a very small circle, Oster replied that to the best of his knowledge there were only two civilians with whom Halder could have preliminary political conversations; one was Goerdeler, the other, Schacht.
Halder refused to speak personally to a man as suspect as Goerdeler. He gave as his reason the fact that it was too dangerous for him to receive now a man whom he did not yet know, whereas he could find some official reason for having a conference with Schacht. Halder asked Oster to act as intermediary for such a conference with Schacht.
Oster approached Schacht through me. Schacht was willing. A meeting was to be arranged at a third person’s place. I warned Schacht and said to him, “Have Halder come to your house, so that you are quite sure of the matter.”