Word: franc
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Dates: during 1920-1929
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Prince Kojo Tovalou Houenou, nephew of King Behanzin of Dahomey (West African province), received one franc (about six cents) damages for having been thrown out of a Montmartre cabaret (TIME, Aug. 20). The cabaret manager who ejected the Prince was fined 200 francs ($12) and sentenced to 15 days' imprisonment, but the sentence was suspended. Witnesses for the defense stated that the Prince and his brother were thrown out of the establishment, not because they were black, but because they were not in evening clothes. They also stated that no violence was used. The Americans who were alleged to have...
...trial stated that the prosecuting attorney demanded the maximum penalty. Maître Hesse, defending Parker, described the American Express Co. as " an enormously rich concern which has made much money exploiting people on French soil?a concern which has made millions in exchange speculation at the expense of the franc, and does not sufficiently watch its employes." He ended by saying that the concern " has too much money anyhow...
...reported that Hungary is to get a 500,000,000 gold franc loan ($100,000,000), which will be controlled by the Reparations Commission with a League Commissioner acting in an advisory capacity...
...memorandum reminds France that no payment on her British debt has been made. It says that the "present practice of adding interest to capital cannot be indefinitely continued," and it suggests that payment of "part of the interest should be made as soon as sterling and franc exchange become reasonably stable." This is in case France refused to accept the British proposals...
...French franc hit a new low record for the year, on Aug. 2, in consequence of the British Ruhr note. The franc touched 5.71, which is within one point of the low record for all time. Boulevardiers darkly hinted at "intenational bankers" bringing pressure on France to force her to recant her foreign policy...