Word: budgets
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Dates: during 1930-1939
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Thrifty Frenchmen, famed for keeping their personal budgets meticulously balanced, have lately been angered, then amused by the French Treasury's "budget fantasies." Just how fantastic French finance has become was pictured in Paris' smart illustrated weekly Vu, copies of which reached the U. S. last week. Successively, as Vu points out, the French deficit for 1933 was estimated in November 1932 by Minister of the Budget Maurice Palmade at 12,100,000,000 francs; on Dec. 26 by Chairman of the Chamber's Finance Committee Lucien Lamoureux...
...into something like a toy balloon alternately blown up and permitted to deflate. During this process two French Cabinets-those of Edouard Herriot and Joseph Paul Boncour-re- soundingly fell (TIME, Dec. 26 & Feb. 6). Last week blustering, dynamic Premier Edouard Daiadier won vote after vote on the budget in the Chamber and Senate. His estimates reduced the expected deficit to a mere 5,566,000,000 francs...
...budget battling last week was grim, real, exciting. Premier Daiadier hammered the reluctant Senate into completely reversing itself on the issue of cutting half a billion francs ($19,800,000) from expenditures for national defense. Fortnight ago crusty Senate oldsters rejected this cut 168 to 129. Last week they passed it 180 to 118-amid furious gesticulations and sighs of despair from the French General Staff...
...double victory, Premier Daladier announced that he would go to London March 15 "to discuss war debts and other major international problems" with Prime Minister James Ramsay MacDonald. After that it will be necessary to make an end of hand-to-mouth financing and really balance France's budget...
Resigned, Dr. Bernard Iddings Bell, warden for the past 13 years of St. Stephen's College (Annandale-on-Hudson, N. Y.), Episcopal offspring of Columbia University; because of budget reductions and a proposed change in educational policy. Beetle-browed and peppery, Dr. Bell had sponsored a tutorial system at St. Stephen's, plumped for academic atmosphere, thundered publicly at the "untrained cubs" in most U. S. colleges...