Now, I ask the people who, although silent at the time, can tell me now what I should have done; I ask them what they would have done. I have stated that I was against a military regime, that I wanted to avoid a civil war, and that, in keeping with democratic principles, I saw only the one possibility: To allow the man to lead the government once he had come to power. I said further that from the moment I realized this I tried to participate in the government, not with the intention of supporting this man in his extremist ideas, but to act as a brake and, if possible, to direct his policies back into normal channels.

DR. DIX: Then there came a time later when you recognized the dangers, when you yourself suffered under the unbearable conditions of terror and of suppressed opinion, so that perhaps this question is pertinent and admissible: Why did you not emigrate?

SCHACHT: Had it been only a question of my personal fate, nothing would have been simpler, especially since, as we have heard before, I would have been offered that opportunity and it would have been made easy for me. It was not merely a question of my own welfare; but as I had devoted myself to the public interest since 1923, it was the question of the existence of my people, of my country. I know of no instance in history where emigrants were of help to their own nation. Of course, I speak of those emigrants who leave of their own free will, not those that have been expelled. It was not the case in 1792, at the time of the French Revolution; it was not the case in 1917, during the Russian Revolution; and it was not the case at the time of the National Socialist revolution which we witnessed. To sit in a safe harbor abroad and to write articles which no one reads in the home country...

THE PRESIDENT: Dr. Dix, we don’t want a historical lecture, do we?

DR. DIX: I believe we can stop here. He merely wanted to state why he did not emigrate. [Turning to the defendant.] You have been understood.

SCHACHT: Thank you.

DR. DIX: In the course of these proceedings, either in a letter or in a poem—I do not know which at the moment—there was some mention of your thoughts on the possibility of dying a martyr’s death; whether it would have served the cause of peace and the German nation, if you had done more than you did; if you had sacrificed your life...

SCHACHT: I think that you are referring to a quotation from one of my notes, which a representative of the American Prosecution read here, in which I spoke of the silence of death.

DR. DIX: Yes.

SCHACHT: If I had sacrificed myself, it would not have been of the slightest use because the circumstances of my sacrifice would never have become known. Either I would have disappeared in some prison or I would have died there, and no one would have known whether I was alive or not; or I would have been the victim of a planned accident, and it would not have been possible to become a martyr. Martyrs can be effective only if their martyrdom becomes known to the public.