Word: franc
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Dates: during 1920-1929
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...reparation of the devastated areas, France paid, up to January 1, 1923, $5,985,000,000. Further work to be done will cost $3,150,000,000 more, making a total bad debt of $9,135,000,000. The only comfort for the French lies in the fact that the deficits thus incurred are represented by tangible property improvement and reconstruction, so that the country is richer by that much material gain, whether the franc depreciates further...
...stone. Herein its advocates are wise. Today as yesterday the people are too busy to substitute a new language for every-day use. Tomorrow the case is apt to be the same. Not until the economists have taught the people a new relationship between the mark, the pound, the franc, and the dollar, will there be time to begin learning a common denominator for the un, deux, trois, the ein, zwei, drei, and the one, two, and three...
...short time ago Georges Barbot, a Frenchman, glided across the English Channel in his one-passenger "flivver" monoplane. It took him 44 minutes to make the trip, and he used less than one gallon of gasoline in his 15 horse-power engine. Incidentally he won a 25,000 franc prize, but that is not the point--its real significance lies in the fact that it has roused England to a realization of her danger from any hostile air-fleet in time...
Recent trends in foreign exchange have been interesting. The franc, after a rise practically to 7c, broke sharply, when the rumor of a Ruhr settlement was dissipated. Marks are still stabilized by German government operations, despite a current note increase of 401 billions, and the report of a deficit in the Reich budget of 7,100 billions. Invitation to American investors to participate in a 50 million dollar German government loan, non-interest bearing but retirable at 120, seems to have obtained little response here. Proceeds of the loan will be mainly used for combatting the French in the Ruhr...
...Associated Press cabled a report to America that while at Monte Carlo I placed a 20-franc note on number 17 and won 10,500 francs...