Word: franc
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...will bring his "priceless" collection of Italian paintings, feature of a loan exhibition in London last year. Explaining the bankruptcy of Auspitz, Lieben & Co., officials said that since 1924 they had made three distinct efforts to put the bank on its feet by speculation. They speculated against the French franc, were fooled and lost heavily when Raymond Poincare stabilized and rehabilitated the money of his country. Second they invested in Dutch industrials, lost more. Third they got in on the Wall Street boom, making so much that, even though they lost much in the crash, Wall Street gave them...
...Republicanism, which like the poor he has always with him, but the parlous state of the Spanish peseta, which since the Dictatorship of the late Primo de Rivera has slumped from 5.89 to 10.66 to the dollar. A Loan from the House of Morgan helped stabilize the French franc in 1926. Spain had had $25,000,000 from the same source in 1928 in a frantic effort to peg the falling peseta. Thought Alfonso, a Morgan Loan would be just the thing...
...franc was worth 19.3˘, the present franc is worth 3.9˘. If the French did as Mr. Snowden has repeatedly demanded that they must do. they would repay British bondholders the equivalent of $327,500,000. But in a final, stiff note to Mr. Snowden the French Treasury has just: i) refused to submit the dispute to arbitration; 2) postulated again and for the last time that the British bondholders will be paid in the revalued franc. On this basis they would receive...
...dealing with certain smaller powers who borrowed from her in pre-War francs, France has successfully demanded that they repay her at the pre-War rate of 19.3˘gold per franc. But she will not pay Britain more than 3.9˘ she defies Mr. Snowden, and he last week appeared to be powerless. Said London's Financial Times...
...French revolution would probably follow any attempt by the French Gov ernment to give "preferential treatment'' to British holders of these bonds, for the numerous French holders are all resolute citizens who will stop at nothing to get their 19.3˘ on the franc if anyone gets...