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...opinion between which they were expected to compromise have been made clear by the Italian and British press for some months past. Mr. Churchill was acutely conscious that the British taxpayer believes himself to have concluded a far too lenient tentative Anglo-French debt settlement with the wily M. Caillaux (TIME, Sept. 7, COMMONWEALTH). Ergo, Mr. Churchill was expected to obtain proportionately more from Italy than he had been able to extract* from France. Britons roughly figure the full amount of Italy's debt to them at 580 million pounds ($2,818,800,000) ; and considering that Britain...

Author: /time Magazine | Title: British Commonwealth of Nations: Italy's Debt | 2/1/1926 | See Source »

...after its recess, and amid thunderous applause re-elected M. Herriot its President. He received 300 votes out of a Chamber of 324. Nobody thought he could put his Cartel finance program through by any such majority; but M. Briand's prestige slumped. It was rumored that a Herriot-Caillaux Cabinet would replace the Briand-Doumer partnership, Doumer to vanish, Briand to return as Foreign Minister...

Author: /time Magazine | Title: FRANCE: Perpetual Flux | 1/25/1926 | See Source »

...renger, as everyone knows, was a member of the ill-fated Caillaux debt mission (TIME, Oct. 5, 12) which set itself a rigid limit of seven days in which to beat down Secretary Mellon's terms, and departed in dudgeon when "Wizard" Caillaux was unable to do much more than exasperate everybody during that period. He took back to France, as everyone knows, only a stopgap U. S. offer to accept $40,000,000 a year for five years as a full discharge on the interest of the French debt for those years. The Painlevé Cabinet, in which...

Author: /time Magazine | Title: FRANCE: To Negotiate | 1/18/1926 | See Source »

...well known that M. Bérenger was opposed from the first to M. Caillaux's program of attempting to deal with Secretary Mellon "in the manner of an actor defying his landlady." Now Ambassador Bérenger, Rapporteur Général du budget au Sénat, is supposed to be coming to present tactfully the books which show France's "capacity to pay," and with the intention of remaining in the U. S. until a settlement is reached based upon a mutual flinging of all cards upon the table...

Author: /time Magazine | Title: FRANCE: To Negotiate | 1/18/1926 | See Source »

Observers remarked that with the Cartel pulling the Chamber to the Left, and the Senate doing its perennial Squads Right, the politico-fiscal situation retains all the characteristics which have brought about the fall since November of three Finance Ministers (Caillaux, Painlevé, Loucheur) and two Governments (both headed by M. Painlev?...

Author: /time Magazine | Title: FRANCE: Chaos | 1/4/1926 | See Source »

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