Word: franc
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Jean Frenchman rushed to his favorite wine merchant, to his tobacconist, to his butcher, baker, candlestick maker. Hastily, he laid in a supply of articles about to become vastly more expensive. Then, clutching his remaining franc notes, he sought out the sellers of foreign bonds and securities...
Ever M. Briand remained with-in call. When the crux of the bill, the 7½ billion franc inflation clause, was about to be put to vote and trembled on the brink of failure, he ascended the tribune again...
Last week's political impasse sent the franc tumbling to 25 to the dollar. Frenchmen rushed to convert their francs into stable currencies and stable foreign bonds. "A buying panic" ensued-brokers labored late, smiling...
...remarked that the franc is now quoted at but three-fourths of its value twelve months ago. During the same period the circulation of paper money has been increased one-fifth, from 40 billion francs to 48 billion...
...which have failed. His internal 4% gold loan which was to have absorbed the great weight of defense bonds and brought relief to the Treasury has not achieved adequate flotation. The Moroccan War and M. Caillaux's uncertain U. S. debt settlement have further contributed to send the franc tumbling down to 22 to the dollar, and have caused Caillaux himself to admit that the Bank of France can see its way clear to facing its present obligations without inflation, for only a few weeks longer...