Gemeinschaftsgruppe Deutscher Hypothekenbanken - 1923 dated 500,000 Mark German Bond
Inv# FB6529A Bond
500,000 Mark 12% Bond printed by Liebheit & Thiesen. Coupons unattached. In relation to this item, Hans Luther (10 March 1879 – 11 May 1962) was a German politician who served as Chancellor of Germany for 482 days from 1925 to 1926. As Minister of Finance, he played a key role in stabilizing the German Mark during the hyperinflation crisis of 1923. From 1930 to 1933, Luther was the head of the Reichsbank, and from 1933 to 1937, he served as Germany's Ambassador to the United States.
In the summer of 1926, Luther was elected to the supervisory board of the Reichsbahn, but he stepped down at the end of 1928 to make way for a representative from the Free State of Prussia. In March 1929, he became a board member of the Gemeinschaftsgruppe deutscher Hypothekenbanken (Association of German Mortgage Banks) and also joined the German People's Party (DVP). During 1928 and 1929, Luther was active in the Bund zur Erneuerung des Reiches, an organization focused on reforming the federal structure of Germany, addressing the issue of Prussia's dominance over other German states. He became the founding president of the Bund in January 1928.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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