Word: franc
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Dates: during 1920-1929
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Cleverest perhaps of "Great Catherine's" maneuvers was to publish an imposing Parisian financial daily La Gazette du Franc et Des Nations, in which her bogus stock issues were gravely and "conservatively" analyzed and recommended. The pose of "American Methods" was played up to the limit in La Gazette, which from the first vigorously championed the Kellogg Pact Renouncing War (TIME, July 30) a document none too popular in France. During the last session of the League of Nations in Geneva, the Swindleress was dazzlingly present, offering and paying the unheard price of 25,000 francs ($975) for short...
...expensive liquids, Cognac Tycoon Jean Hennessy, was dragged into the mess. He has only recently been named Minister of Agriculture, and jealous enemies were quick to charge that because a newspaper in which he is largely interested, Le Quotidien, had made a joint circulation drive with La Gazette du Franc, he must have been at least privy to the swindle. Incomplete investigation seemed to show that this slur upon the Cognac Tycoon was baseless...
...sailed around the Eiffel Tower, won a 100,000 franc prize. His experiments he describes in My Airships, published in 1904 by the Century Co. TIME will pay $5 for a copy of My Airships...
Counselor Joseph Cahill, exhaustively analyzing whole mountains of sources, concludes that present French prosperity rests on four primary bases: 1) Stabilization of the franc by Prime Minister Raymond Poincare, an achievement now nearly two years old (TIME, Feb. 7, 1927); 2) Protection of French industries by the present tariff; 3) Enlargement of French factories and productive equipment; 4) Development of new processes and enhancement of technical efficiency...
...Elysee Palace a small golden clock tinkled ten. Jovial, florid Gaston Doumergue was settling contentedly to the digestion of his late presidential dinner. From the clock a low, rapid tik-tik-tik. From the President of France a contented, sleepy sigh. Felicity! Then a door yawned and in strode busy, kinetic M. Raymond Poincaré, the man who saved and stabilized the franc, the grizzled "Lion of Lorraine...