Word: caillaux
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Dates: during 1920-1929
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...Joseph Caillaux thought he could settle the French debt to the U. S. in seven days. And he failed. Giuseppe Volpi spent twelve days with Mr. Mellon and his associates trying to settle Italy's debt to the U. S. And he succeeded...
...France, as elsewhere, nothing fails like failure. And last week M. Caillaux added insult to failure by two acts: 1) He defied the powerful Radical-Socialist bloc, which he had attempted to conciliate at its caucus in Nice (TIME, Oct. 23), by flatly declaring that he would "bar the way" to the adoption of its pet capital-levy panacea; 2) He refused the demands of Premier Painleve, Foreign Minister Briand and the rest of the Cabinet that he resign as a politically insolvent Finance Minister...
Faced with such truculence within its ranks, the Cabinet resigned, "ousting" M. Caillaux by a process which superficially resembled cutting off its head to spite its nose. Actually the process was not so rash, for President Doumergue promptly called upon M. Painlevé to step up again into the Premiership from which he had momentarily stepped down...
...Painlevé, when he attempts to secure passage for the Radical-Socialist capital levy, will now be faced in the Senate by a determined Conservative opposition, weirdly headed by (nominally) Radical-Socialist Joseph Caillaux...
...present, it is confidently asserted that France cannot do otherwise than let the settlement of her War debts hang fire. Conflicting schools of prophets were battling wordily last week as to whether M. Caillaux would prove more of a Jonah to France "at large" than formerly...