Word: dec
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Dates: during 1930-1939
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Several dozen Frenchmen decided last week that no stigma of default should attach to them. They would pay their share of the $19.000,000 which La Pa trie did not pay on Dec. 15 to les yanquis. Seizing paper & pencil they divided the 480,000,000-franc default by the population of France, 41,000,000, figured that each owed the U. S. between eleven and twelve francs (about 47?), popped this tidy sum into an envelope and mailed it to U. S. Ambassador Walter Evans Edge. Mr. Edge wrote letters to the several dozen Frenchmen, thanked them, returned their...
Meanwhile gallant Premier-reject Edouard Herriot, who went down fighting for payment to the U. S. when the Chamber overthrew his Cabinet (TIME, Dec. 26), received last week the most flabbergasting surprise of his life. As M. Herriot said not long ago: "Half the skill of being Premier of France lies in knowing how to fall!" but last week he learned that he need not have fallen, need never have raised the debt issue in the Chamber, need not have worried about it all those months...
...Lebrun (TIME, May 16) -thumbing through the hoary pages of the bygone budget, M. Herriot came upon an item of 480,000,000 francs. There it stood in black and white! Nine months ago the Chamber & Senate scrupulously appropriated the whole sum necessary to pay the U. S. on Dec...
Paradoxically the fall of the yen since it went off gold (TIME, Dec. 21, 1931) has now produced a nationwide "inflation boom." Silk raisers who received about 1,500 yen per bale of raw silk in 1929 and were forced last July to sell at the "panic price" of 450 yen, now get 900 yen and exult that "silk prices have doubled in the last half year...
Last week at the final 1932 caucus of the Government's "People's Party" or Kuomintang (TIME, Dec. 26), Dr. Soong, who graduated from Harvard in 1915, presented his historic, balanced budget with this laconic, Bostonian statement: "Gentlemen, the proof of the pudding is in the eating! . . . Our credit is enhanced, our bonds are selling 20% higher than last year. . . . The striking progress thus achieved offsets all hostile propaganda that China is in chaos with a tottering Government...