It may be, though, that these insurance companies may have insurance in foreign countries. If that is the case, foreign bills of exchange would be available which I would not want to lose. That shall have to be checked. For that reason, I have asked Mr. Hilgard of the insurance company, to attend, since he is best qualified to tell us to what extent the insurance companies are protected against damage, by having taken out insurance with other companies. I would not want to miss this, under any circumstances.
I should not want to leave any doubt, gentlemen, as to the aim of today’s meeting. We have not come together merely to talk again but to make decisions, and I implore the competent agencies to take all measures for the elimination of the Jew from German economy and to submit them to me, as far as it is necessary.
The fundamental idea in this program of elimination of the Jew from German economy is first, the Jew being ejected from the Economy transfers his property to the State. He will be compensated. The compensation is to be listed in the debit ledger and shall bring a certain percentage of interest. The Jew shall have to live out of this interest.
It is a foregone conclusion, that this aryanizing, if it is to be done quickly, cannot be made in the Ministry for Economy in Berlin. That way, we would never finish. On the other hand, it is very necessary to have safety precautions so that the lower echelons, Stassholser, and Gauleiter will not do things unreasonably. One must issue correction directives, immediately. The aryanizing of all the larger establishments, naturally, is to be my lot – the Ministry for Economy will designate, which and how many there are – it must not be done by a Statthalter or his lower echelons, since these things reach into the export trade, and cause great problems, which the Statthalter can neither observe, nor solve from his place. It is my lot, so that the damage will not be greater than the profit, which we are striving for.
It is obvious, gentlemen, that the Jewish stores are for the people, and not the stores. Therefore, we must begin here, according to the rules previously laid down.
The Minister for Economic Affairs shall announce which stores he’ll want to close altogether. These stores are excluded from aryanizing at once. Their stocks are to be made available for sale in other stores; what cannot be sold, shall be processed through the “Winterhilfe” or taken care of otherwise. However, the sales values of these articles shall always be considered, since the State is not to suffer but should profit through this transformation. For the chain and departments stores – I speak now only of that, what can be seen, certain categories have to be established, according to the importance of the various branches.
The trustee of the State will estimate the value of the property and decide what amount the Jew shall receive. Naturally, this amount is to be set as low as possible. The representative of the State shall then turn the establishment over to the “Aryan” proprietor, that is, the property shall be sold according to its real value.
There begins the difficulties. It is easily understood that strong attempts will be made to get all these stores to party-members and to let them have some kind of compensation. I have witnessed terrible things in the past; little chauffeurs of Gauleiters have profited so much by these transactions that they now have about half a million. You, gentlemen, know it. Is that correct?