Word: franc
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Dates: during 1930-1939
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Several dozen Frenchmen decided last week that no stigma of default should attach to them. They would pay their share of the $19.000,000 which La Pa trie did not pay on Dec. 15 to les yanquis. Seizing paper & pencil they divided the 480,000,000-franc default by the population of France, 41,000,000, figured that each owed the U. S. between eleven and twelve francs (about 47?), popped this tidy sum into an envelope and mailed it to U. S. Ambassador Walter Evans Edge. Mr. Edge wrote letters to the several dozen Frenchmen, thanked them, returned their...
Overnight the tone of talk in "The City"?London's Wall Street?changed utterly last week. Bitterness at Uncle Shylock changed to pride that John Bull had paid. Fear lest the pound fall vanished as Sterling rose slightly in terms of both the dollar and the franc. England was herself again. Blood had told. Hands across the sea. Honi soit qui mal y pense...
Europeans think of grizzled Raymond Poincaré as the hardest of hard Frenchmen, the inflexible Wartime President, the cold-hearted fiscal genius who as Premier saved and stabilized the franc (TIME...
...Purple Heart medal (recently revived Revolutionary award for war service) and the Silver Star medal; Radiologist Leon Menville, the gold medal of the Radiological Society of North America for applying Roentgen ray examination to the lymphatic system in cancer work; Nobel Prizeman Prince Louis de Broglie, the 100,000-franc ($3,900) Prince of Monaco grand prix of the French Academy of Sciences, for work in theoretical physics...
...Senate, blaming on M. Herriot's policies the so-called "collapse of the franc," voted his Cabinet out of office. The Chamber at once elected him its Speaker. In the following year he resigned as Speaker to form his disastrous two-day Cabinet and a shift to the Right Centre in the elections of 1928 was said to have "killed Herriot" politically. He was even forced to resign as Leader of his party, lie low. He regained the leadership only last year and has since been forging steadily back to power...