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166alization of land without compensation in the interest of thecommon weal, the abolition of mortgage interest, and theprevention of land speculation.”This proposal has been emasculated in almost every essentialdetail through the following interpretation:“Since the National Socialist Party stands for privateproperty, it is natural that the provision for „expropriationwithout compensation‟ should refer mainly to the creation oflegal means for the acquisition of land bought illegally or notcultivated in the interest of the community. The provision isdirected primarily against the Jewish land speculator companies.”Even this interpretation, however, must have appeared tooradical to Hitler. Subsequently, he declared that the Statehad to acquire land only against compensation. Theoretically,the Nazis hold, the land belongs to the State and thecommunity transfers it to farmers to be exploited forthe benefit of all. In accordance with this policy, the Statehas the right of pre-emption and it has an exclusive right togrant mortgages.Hitler has nothing to say against the accumulation ofvast properties in the hands of a few Prussian magnates,and Herr Feder had the blessing of the party chieftain inwriting:“Large estates have their necessary functions and theyare entirely justified in a certain ratio with small and middleholdings.”To the exclusion of more important subjects, Herr Hitlerdotes lovingly on the cheap fertilizer he will give the German

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