Word: franc
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Dates: during 1920-1929
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...tale is told to the effect that M. Briand, Premier of France once said that he did not know the difference between a stock and a bond because he had never possessed enough spare cash to purchase either. Of such stuff art popular heroes made. Last week Finance Minister Loucheur, known as "the richest man in France," save his drastic eight-billion-franc tax bill (TIME, Dec. 21) wrecked amid a storm of popular resentment Jean Frenchman made it exceedingly evident that he resented being told to pay crushing taxes by the millionaire-financier, M. Loucheur...
Observers remarked two notable mainsprings of this contretemps: 1)The impassioned mass meetings which were held at Paris, Marseilles, Dijon, Nimes-in fact all over France. At these gatherings taxpaying voters protested fiercely against increased taxation and demanded instead the curtailment of Government expenses. 2) The party situation in the Chamber, which continued as a potpourri of recalcitrant "blocs," whose leaders appear to endorse the sentiment "every man for himself and the devil take the franc...
...Doumer recalled that in 1921 they stood in the same mutual relation as at present: Premier and Finance Minister. At that period the budget was voted by the end of the year for the first and only time since the War, and the cost of living fell and the franc rallied notably. Subsequently M. Briand lost power and prestige owing to his failure to achieve at Cannes the "security" which he has just brought home in triumph from Locarno...
...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...
...Editor Frank was offered the Wisconsin presidency after it had been refused by Roscoe Pound, Dean of the Harvard Law School (TIME, Feb. 2). Jokesters said: "Is a franc to be considered as valuable as a pound?" Other Jokesters made quips about offering the presidency to Robert Dollar (shipping man), to Percy Marks (educator), to Harpo, Groucho, Zeppo and Chico Marx, actors...