Word: boncour
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Dates: during 1930-1939
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President Albert Lebrun of France was up most of the night, before the riot because the Cabinet of that stylish Paris Lawyer Maître Paul-Boncour was falling -on the issue of this year's budget which French Deputies have threshed with increasing futility for two weeks (TIME, Jan. 30). Final debate dragged through 22 hours. When famed Papa Henri Chéron, stubborn old Norman Finance Minister, demanded an "absolute [balanced] budget" at the cost of drastic tax uppings and salary slashes, he was met by arguments for what was called a "relative budget...
Deputy Léon Blum, leader of the Socialist Party whose votes had been vital in keeping the Paul-Boncour Cabinet in power, attacked Papa Chéron thus: "In a crisis like this all estimates need to be modified from one minute to the next. . . . The pursuit of a rigorous balance is the pursuit of a mirage. . . . If the violence of the remedy aggravates the ill, what will become of your rigid balance? There is nothing to do but approach a balance, and certainly meanwhile one must borrow...
...hotter every day. erupted on the Sabbath. Deputies vowed they would not stomach Papa Cheron's proposed $213,000.000 of increased taxes and $208,000,000 of economies (TIME, Jan. 23). French postmen threatened to strike if their pay is axed. French veterans sent delegations to Premier Paul-Boncour pleading the "sanctity" of their pensions. Meanwhile the French Taxpayers' Union threatened a "tax strike" unless just such economies as cutting post-men's salaries and veterans' pensions are made. About the only cheerful message Papa Cheron received last week was from President Albert Lebrun of France...
Today, two short years afterward, France has squandered her surplus and faces a budgetary deficit of more than 10½ billion francs. Last month, when Premier Joseph Paul-Boncour succeeded Edouard Herriot, he begged Papa Chéron to come out of retirement and roll up a surplus again. After solemn thought (and probably some chest thumping) Chéron of Lisieux is Finance Minister again. Last week at a painful Cabinet session he told Premier Paul-Boncour & Ministers exactly what bitter pills must be swallowed if France is to have a sound, balanced budget again...
...lend 100,000,000 schillings ($14,000,000) to Austria, this being Great Britain's share of the League loan totaling $43,000,000 to the Government of Austrian Chancellor Engelbert Dollfuss (TIME, Jan. 2). The Netherlands had meanwhile voted its share. Last week in Paris Premier Paul-Boncour asked the Chamber & Senate to chip in France's 100,000,000 schillings. Was this quite ethical...