Word: franc
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Passage of this 97-word bill by the House of Representatives last week caused intense financial excitement abroad. In Paris the dollar slumped below the gold point (25.3562 francs). The Federal Reserve Bank in New York kept telephoning the Bank of France to buy dollars. The guilder, the Swiss franc and the belga soared to year-high values against the dollar...
...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...
...State must supply to each candidate free billboard space. If the candidate, instead of advertising himself, used his space to advertise stomach tablets, shoe-blacking or mineral water, that used to be the candidate's own business-but no longer. Last week the threat of a 10.000-franc fine ($400) kept French political billboards uncluttered by advertisements...
...money is in Germany today the Government rashly advertised last week by seizing the Berlin bank account of famed Erich Maria (All Quiet on the Western Front) Remarque and accusing him: 1) of having established a residence in the Netherlands and 2) of banking outside Germany his dollar, pound, franc, lira and other royalties...
Pensioned, Raymond Poincare, one-time president of France, "Savior of the Franc"; by the Chamber of Deputies; at 200,000 francs (currently $7,880) a year. Should he die before his wife, his relict will receive half as much...