Willie Hammerstein big draw. Oscar Hammerstein went bankrupt in 1898. The Olympia theater was sold in an auction. Hammerstein managed to raise enough money to build the Victoria Theatre, which opened as a legitimate theater on 3 March 1899. On 26 June 1899 he opened a partially enclosed roof garden theater, the Venetian Terrace Garden, with an outdoor promenade that was attached to the roof garden of Hammerstein's Theatre Republic in 1900. Hammerstein enlarged the roof garden theater and reopened it in May 1901 as the Paradise Roof Garden. In February 1904 Willie Hammerstein took over management of his father's Victoria Theatre.
Kurt von Hammerstein-Equord the aversion of Hammerstein against political extremism and military risks. Hammerstein-Equord was loyal to the Weimar Republic, a close friend of Kurt von Schleicher Hammerstein worked out first tactical concepts for the army in the Truppenamt. They provided for a sustained defense in an attack until the League of Nations would intervene. In contrast, 1930 was created under his direction the first mobilization plan since 1923, which scheduled the tripling of the seven Infantry Division to 21. In 1930 he was appointed Commander-in-Chief of the Reichswehr, replacing General Wilhelm Heye. Schleicher (now defense minister) with support from Brüning made Hammerstein