Word: franc
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...days of moping, pallid Louis IX, "Saint Louis" (1226-70), Frenchmen dealt in a gold coin called the ecu or "crown." Last week M. le Professeur Charles Gide of the College de France proposed that a new ecu be struck with, the value of one U. S. dollar and that the present depreciated franc (4?) be scrapped...
French Republic. The fluid, radical republicanisms of the French Parliament are now harmonized and harnessed by the "Sacred Union Cabinet" of Premier Raymond Poincare. Because he averted a national panic in 1926 by rescuing the franc from what seemed a bottomless decline, the Chamber now allows him the authority of an absolute dictator over French finance. His reactionary ideas of foreign policy are not, however, stomached by the Chamber, which gives loose rein to that great, constructive pacifist, Foreign Minister Aristide Eriand. The Senate is always ready to follow M. Poincare's conservative financial policies and ever suspicious...
Restoration of the British pound to par required titanic sacrifices and was a sort of financial hole in one. France has no more than aimed at the British score, content with mere de facto stabilization of the franc (TIME, Jan. 3, 1927). Therefore Signer Mussolini did well, last week, when he pocketed proud hopes of setting the lira up beside the pound. Italy, a young kingdom with cheap labor for its chief resource, cannot match an accomplishment which is straining even the strong sinews of the British Empire...
...addition to setting M. Schwartzbard free, the verdict ordered the Petlura family, represented by Maitre Caesare Campinchi, to pay the costs of the trial, but awarded damages of one franc each to Mme. Petlura, widow of the slain "General," and to M. Petlura, his brother...
...cornerstone for the proposed 15,000,000-franc International House of Chemistry, which French scientists promise will function as purely as the Pasteur Institute, but which U. S. chemical manufacturers fear will centralize continental opposition to the U.S. chemical industry. Also opposed to the institution is the American Chemical Society, whose Secretary, Dr. Charles Lathrop Parsons, last month wrote to U. S. Secretary of State Frank Billings Kellogg: "The American Chemical Society is very strongly opposed to the creation of any international centre for the control of chemistry, whether it be located in France or elsewhere." The Department of State...