Word: franc
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...Congoland was their objective-namely the city of Elizabethville, which lies 900 miles inland, at the very toe and tip of the Belgian Congo, just where it touches Great Britain's colony of Northern Rhodesia (so named after its exploiter, Cecil John Rhodes). Between Elizabethville and Port Franc-qui (named after the rehabilitator of Belgium's currency, former Finance Minister Emile Francqui) lie the Katanga Mountains, rich in copper, and over them runs a 660 mile long railway which King & Queen proceeded to inaugurate. Local copper executives dolefully informed His Majesty that their Blackamoor miners have tribally combined...
...more expatriate U. S. lawyers as especial objects of his wrath. As a first and most vital precaution Registrar Chipot of the Civil Court was placed on trial, last week, before all the 119 Magistrates entitled to sit upon that high tribunal. Registrar Chipot is entitled to charge 10 francs (40?) for "handling and filing" divorce papers; but he was gravely accused of accepting as much as 20 or even 25 francs (80? or $1) as an illegal fee or bribe for "expediting" the papers. Piteously M. Le Registrar Chipot plead that when the franc declined to one fourth...
...least a twelvemonth enemies of Prime Minister Raymond Poincaré have confidently prophesied that his Cabinet would fall soon after he should have put the franc back on a gold basis-a deed done last fortnight (TIME, July 2). Even staunchest friends feared, last week, for the grizzled statesman's grip on Power. His famed Cabinet of Sacred Union comprises representatives of parties bitterly opposed, who laid down their political tomahawks solely because of the desperate emergency created by the slithering fall of the franc (TIME, Aug. 2, 1926). Today the paper franc is good as gold; and French...
Triumphantly passed by the Chamber, 450 to 22 and by the Senate 256 to 3 last week, was a bill, fixing the value of one paper franc at 65.5 milligrams of gold, 900/1,000ths fine...
Thus, Prime Minister Raymond Poincare, the great War President of France, puts the last cap on a monumental achievement. When he took office 23 months ago, the franc had lost 9/10 of its pre-War value (5 francs to $1). By soundest generalship, some retrenchments, and chiefly by the sheer confidence-inspiring power of his personality, M. Poincare caused the franc to double in value without resorting to a foreign loan (TIME, January 3, 1927). That value has been kept stable de facto for 18 months; and now it becomes the approximate stabilized value de jure. For the present, paper...