Word: franc
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Dates: during 1920-1929
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...peasant trundled his cart in from the suburbs of Lyons last week. The cart was heavy. Beneath a load of warm manure nestled 110 pounds of golden 20-franc pieces done up in sacks. Arrived at the Bank of France the peasant, Jacques Brosson, winnowed out his sacks of gold, exchanged them for 730,000 paper francs, hired a taxi, returned home to hoard paper which he believed would soon appreciate...
Hitherto-since 1916-it has been illegal to barter paper francs for gold francs in France on any other basis than the legal fiction that one gold franc (always worth 19.3 cents or more) was worth one paper franc (once worth as little as 2.08 cents [TIME, July...
Events national and international impinged significantly during the past fortnight upon Premier Raymond Poincare. He who stepped from the Olympian security of a onetime (1913-1920) Presidency of France to assume a thankless Premiership and save the franc (TIME, Aug. 2), became once again a nucleus for strife, a target for criticism...
Since this plan seemed to offer France her great desideratum - ready cash for stabilizing the franc - Premier Poincare stomached his hostility and distrust toward Germany. While a multitude of technical details remained to be negotiated, acceptance by France of Thoiry seemed assured. Acceptance by Germany was deemed a foregone conclusion and followed a few days later. Peace hovered...
...Premier paused for breath ears strained for the expected denunciation of Germany as War guilty. It did not come. M. Poincare, the militarist who sent French bayonets to occupy the Saar, is now, it seems, preoccupied with saving the franc. Having affirmed his War innocence, Premier Poincare was content to change the subject...