Word: franc
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...Franc Down? Paris reported rumors that the French franc, pegged at 119 to $1, would soon be devalued to somewhere near its real worth (black market price: 350 to $1). The uncertainty nipped French exports; foreign buyers were all holding off for the lower prices devaluation would bring. Charles Gruere, president of the National Federation of French Exporters, called for the immediate establishment of a "free" export franc similar to the export lira in Italy (TIME, Dec. 8). France was reported ready to establish such a franc. Estimated value...
Beans & Whiskers. M. Schuman said he wanted a showdown; that he would push for "unconditional capitulation." The Cocos were already cringing. They asked a 1,500-franc payment for each striking worker to tide him over the Dec. 1 payday. Schuman refused...
Turning from France's political crisis, Paris' Franc Tireur wrote gravely: "It was a happy day for those wise individuals who, in this epoch, still take the time to breathe and know how to combine with grace the futile and the agreeable...
Thanks to the cooperation of the governments concerned, means have Ween found to overcome many of our foreign exchange problems. Until last spring, for instance, Italians could buy TIME on the basis of the French franc (i.e., Italian subscribers and newsstand buyers paid for TIME in lira, which were exchanged for francs and remitted to our Paris office). This worked well until the Italian Government, by importing more from France than it exported, ran out of francs and TIME could no longer clear its Italian lira remittances. At that juncture the Government, expressing its desire to continue having TIME & LIFE...
...disappointed. Louis must have been in wonderful physical condition. Though his tone had already thinned down, and his improvisations would sometimes degenerate into redundant lip exercises, his playing had a certain, since lost brilliance, and if like later virtuosos he prostituted his art as a concession to the franc, still it remained a rather original kind of prostitution...