Word: franc
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...Premier Flandin who kicked Governor Moret upstairs. The majority of the stockholders of the Bank of France, more than half of whom own only one or two shares, have almost no authority, almost no function except to receive dividends. They receive a yearly dividend of some 300 francs on their 1,000 franc par shares which sell on the Bourse for some 10,000 francs. To the heirs of Frenchmen who bought a share at par and tucked it away in the family stocking when Napoleon I founded the Bank of France, the return on investment is thus...
French public opinion simply would not stand for that. Loudly and unanimously the Three Monetary Musketeers declared that they will keep the franc an honest, undevaluated gold franc...
...upon stabilization. ... As things are now nobody will invest when he cannot know what his invested money will be worth when it is returned. . . . The stabilization of currencies is unquestionably the most important step toward world recovery. It is a question for Great Britain and the United States. . . . The franc is stable. France must await the outcome of the fiscal policy of the two great monetary powers...
This amounted to a hint that President Roosevelt is trying to force the franc into devaluation, caused U. S. Treasury officials to smirk that uncertainty as to the future of the franc appears to exist. From Paris French Premier Pierre Etienne Flandin crisply volleyed the issue back by declaring that the franc would stand its ground until the pound and dollar got together...
After the Communist has hidden four days in the Parisian lady's apartment, they exert a strange influence on each other. Three square meals a day, 59-franc shirts and a change of socks open the Communist's eyes to "soft living." The lady takes to reading Red literature. When her husband uncovers the situation, the lacy makes a decision. The Communist is on his way to Toulouse and his hostess is preparing to join in his political vaga bondage by ordering herself a pair of stout walking shoes...