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...history of the world. Then the firm of Morgan loaned the French Government $100,000,000; and one could get only some 14 francs for the dollar. Last spring the franc began to slip badly again. Last week the American Express Co., at Paris, was paying out approximately??? 28 francs for the dollars which its clients smilingly proffered. In Les Nights Clubs Americains, atop Montmartre, the good-old-bad-old times had come again?though indeed the quarts of champagne in that vicinity were being held at 100 francs...

Author: /time Magazine | Title: FRANCE: Record Fall | 3/1/1926 | See Source »

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