Word: franc
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...where is France to get gold? Economists say that the fall of the franc was caused by the depletion of the gold reserves in the Bank of France. If France has no gold, she must depend on trade to replenish her stock. To rebuild her industry and commerce, France must have time; but time is the one thing American policy cannot grant her if there is to be immediate tax reduction it home...
...Mais non, mais non! Je vous dit qu'ils dorment." A hundred-franc note passed. "Nom de chien! Je vous-eh bien! Je vais voir." Minutes passed...
...first appearance in the U. S. After a voyage hither which, he said, made him feel like writing a "snown-storm symphony" because there was 'no more sun the whole time than a 20-franc piece," he had received pressmen in his hotel. . They had seen him disembark from his ice-blistered vessel in a black topcoat, orange shirt, orange muffler, monocle in right eye, but were somewhat abashed to find that his lounging costume consisted of a brown-and-rose pullover sweater, heavy gold bands on each wrist to support watch, bangles, etc., and five massive rings...
...there was floated a loan to France of $100,000,000 by J. P. Morgan & Co., the First National Bank (Manhattan) and Messrs. Brown Brothers & Co.* According to M. Etienne Clementel, French Minister of Finance, the money is to be applied "to the reduction of the Government's indebtedness to the Bank of France, which will hold and use the proceeds as it may deem wise for the protection and stabilization of the franc. The Government's indebtedness to the Bank has already been materially reduced since the peak of such borrowings, reached...
Morgan Loan. During the past week, the loan made to France at the time of the franc's collapse (TiME, Mar. 17) by John P. Morgan, was renewed for six months...