Word: franc
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...aplomb of His Majesty King Ananda Mahidol of Siam, aged 13, was first manifest two years ago when the snub-nosed, sloe-eyed little monarch requested a franc from a cameraman for chocolate before he would pose at his private school in Switzerland. The photographer demurred: "Chocolate might give Your Majesty a stomach ache." To which King Ananda majestically replied: "I never permit myself to become stomach-ached." The cameraman paid...
Gold. The flight to the dollar by frightened European capital last week tumbled the pound to a four-year low of $4.78⅝ and the franc to a twelve-year low of 2.68⅜. Upon the U. S. Treasury thus devolved the enormous responsibility of supporting the world's foreign exchange in order not to let the dollar go to a premium against currencies that would cut off U. S. foreign trade. Secretary Morgenthau refused to let this worry him. Declaring that the U. S. is standing by its tripartite agreement with Great Britain and France, he professed satisfaction...
Under the force of that declaration the franc and French security prices firmed. M. Daladier meanwhile summoned a Ministerial Council to decide by what steps French workers will be started working 48 hours...
...must put France back to work!" Upon the 40-hour week Premier Daladier then blamed nearly all of France's financial difficulties, saying it had reduced the production and profits of industry, had thus curtailed the State's tax revenues, injured the economic power and prestige of France, weakened the franc. Next, he rapped Capital for failing to install modern equipment needed in French factories and demanded that these investments be made now, simultaneously with increased working hours for Labor. Finally he promised to reduce taxation of industry to induce business to get going...
...newspapermen whom he called to his office, Premier Daladier explained that "France is occupied with looking everywhere and with everybody for a settlement, which, however, demands loyalty, reciprocity and parallel action.'' Thus indirectly he tossed on Signer Mussolini the blame for the impasse of the friendship talks. "However." continued the Premier, "France will persist in proving her close union, her calm self-possession. She can do it because she is strong. Her will for peace is her first guarantee, her strength is her supreme guarantee. No matter what the circumstances, France is fully capable of assuring the inviolability...