Word: franc
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Dates: during 1920-1929
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...brunette who assists the capricious avarice of Lorelei, is neatly played by Alice White. It would have seemed not incredible had their jaunt to Paris, underwritten by Mr. Eisman to further the already astonishingly complete education of his two protegés, resulted in the complete rehabilitation of the French franc...
...days of moping, pallid Louis IX, "Saint Louis" (1226-70), Frenchmen dealt in a gold coin called the ecu or "crown." Last week M. le Professeur Charles Gide of the College de France proposed that a new ecu be struck with, the value of one U. S. dollar and that the present depreciated franc (4?) be scrapped...
Cried he: "The spectacle of the franc at a fifth of its pre-War value is as pitiful a sight as the War-maimed poilus one encounters in the streets! . . . Salvation lies in a new currency, in severing all ties with the past! Already Belgium, Austria, Hungary and Russia have struck new coins† .... The best reason for reviving the ecu is that it would stop our people from thinking in terms of francs and would abolish forever the present distressing comparison of salaries and prices with those of pre-War days. . . . The franc, even...
French Republic. The fluid, radical republicanisms of the French Parliament are now harmonized and harnessed by the "Sacred Union Cabinet" of Premier Raymond Poincare. Because he averted a national panic in 1926 by rescuing the franc from what seemed a bottomless decline, the Chamber now allows him the authority of an absolute dictator over French finance. His reactionary ideas of foreign policy are not, however, stomached by the Chamber, which gives loose rein to that great, constructive pacifist, Foreign Minister Aristide Eriand. The Senate is always ready to follow M. Poincare's conservative financial policies and ever suspicious...
Restoration of the British pound to par required titanic sacrifices and was a sort of financial hole in one. France has no more than aimed at the British score, content with mere de facto stabilization of the franc (TIME, Jan. 3, 1927). Therefore Signer Mussolini did well, last week, when he pocketed proud hopes of setting the lira up beside the pound. Italy, a young kingdom with cheap labor for its chief resource, cannot match an accomplishment which is straining even the strong sinews of the British Empire...