Word: franc
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...Cartel has rallied and gained sufficient internal unity to make it almost impossible to force the Briand-Doumer measure through the Chamber. Confronted by this annoying impasse, the astute M. Briand decided to make the gesture of Pontius Pilate while at the same time continuing at the helm of France. Briefly he "washed his hands" by declaring that the Chamber must decide whether it wanted the Doumer plan or the Cartel plan. At the same time he blazoned abroad that whichever plan the Chamber chose, he would not consider its vote as implying either "confidence" or "lack of confidence...
Despatches reported a slight upward adjustment in the scale of pay throughout the French army designed to counterbalance the gradual slump in the purchasing-power of the franc...
...months the Bank of France has been aware that attempts were being made to pass counterfeit 1,000-franc notes in Holland, Italy, Hungary. One day an Amsterdam banker, Mynheer Severin, sent to the Bank of France a 1,000-franc note which he had recognized as counterfeit when his Hungarian housemaid, one Vrouw Kovacs, asked him to change it for her into Dutch florins...
Observers remarked two notable mainsprings of this contretemps: 1)The impassioned mass meetings which were held at Paris, Marseilles, Dijon, Nimes-in fact all over France. At these gatherings taxpaying voters protested fiercely against increased taxation and demanded instead the curtailment of Government expenses. 2) The party situation in the Chamber, which continued as a potpourri of recalcitrant "blocs," whose leaders appear to endorse the sentiment "every man for himself and the devil take the franc...
...Doumer recalled that in 1921 they stood in the same mutual relation as at present: Premier and Finance Minister. At that period the budget was voted by the end of the year for the first and only time since the War, and the cost of living fell and the franc rallied notably. Subsequently M. Briand lost power and prestige owing to his failure to achieve at Cannes the "security" which he has just brought home in triumph from Locarno...