Word: caillaux
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...long expected appointment of Senator Victor Henry Bérenger to succeed Ambassador Nosky Georges Henri Emile Daeschner at Washington. Observers recalled that Senator Bérenger is Reporter General of the Budget to the Senate; that he came to the U. S. as second ranking member of M. Caillaux's ill fated debt mission (TIME, Oct. 5, Oct. 12) and that he is almost as widely known as a financial expert as Finance Minister Loucheur...
Since M. Bérenger will continue as a Senator, he will come to the U. S. on a "temporary appointment" renewable indefinitely every six months. Because M. Caillaux is generally thought in France to have cut his visit much too short for successful negotiation with Secretary Mellon, it is widely rumored that Senator Bérenger comes as a sort of "permanent diplomatic conversationalist" to keep the French debt negotiations amicably simmering until they can be definitely pinned down to a fixed...
...purpose of resuming the negotiations at Washington begun by M. Caillaux that M. Bérenger is leaving for the United States soon as French Ambassador, and we hope that when an accord is reached the French franc will follow the upward course of the Belgian franc and Italian lira...
...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...
...Joseph Caillaux, recently ousted French Finance Minister, fulminated against M. Painlevé's new bill; but caused some surprise by asserting that he would not lead the expected attack upon it in the Senate. Said he: "The Government's new capital levy scheme will work hardship to France for much longer than 14 years. Be warned! Enough illusions have been disseminated in this country already. . . . However, thanks to my methods as Finance Minister, the condition of the state debt and the Treasury is grave but not alarming...