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Gruff old President Paul von Hindenburg gurgled and thundered in terrifying fashion last week, according to reports from his summer Red House at Neudeck. Chancellor Heinrich Bruening had just come out from Berlin in hangdog fashion, admitted that the Budget was in chaos, presented the resignation of Finance Minister Paul Moldenhauer.

Inept Professor Moldenhauer estimated when he brought the Budget in that it would exactly balance. Last week he discovered instead a deficit of $178,800,000. Members of the Bruening Government, a "Cabinet of Nobodies," know well enough that their tenure of power is dependent on the will and prestige of HINDENBURG. Sheepishly in the Red House the Chancellor was understood to have proposed that Germany's famed "Iron Man," Dr. Hjalmar Schacht, recently Director of the Reichsbank, should be made Finance Minister.

This amounted to suggesting that the Government run to cover, hide behind the long black skirts of Dr. Schacht's frock coat. Such a plan did not please HINDENBURG. Wrathfully he told Herr Bruening to take the Finance Ministry himself, bade him clean out a sty of ineptitude which he should have smelled and disinfected long ago.

In Berlin the chastened Prime Minister was expected, after recovering his aplomb, to insist upon passing the Finance Ministry on to someone else.

During these crucial moments last week, Vice-President Siegfried Vonkardorff rose before the Reichstag and sternly requested all members to cease sitting without their coats to avoid lowering the dignity of that body. Solemnly did the members debate whether a temperature of 88DEG justified their making themselves comfortable, decided in the negative.

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