Word: franc
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...Senate then turned its attention to the fiscal measures which Premier Poincare piloted through the dangerous waters of the Chamber of Deputies (TiME, Feb. 18, et seq.). While the discussions were proceeding, the franc was dropping, as was Premier Poincare's political prestige. Every effort was being made to steer the bill through with as little delay as possible in order that the Government might stay the tumble of the franc...
Worldwide attention has been centered on the lively behavior of the franc, after it broke through four cents to a new low record in the foreign exchange markets for all time...
...These final measures are the ransom France must pay for a policy in the Ruhr which has prevented any settlement of the reparations problem. They are a confession of failure. It was the Ruhr occupation which caused depreciation of the franc; if the franc improves it will not be thanks to the measures now being voted but to the work of the experts and consequent abandonment of the policy which France inaugurated 14 months...
...Since 1914 the purchasing power of the franc has sunk to about one-fourth...
During the debate, M. Bokanowski, General Reporter of the Finance Committee, likened emotion in Paris caused by the debacle of the franc on Jan. 14 (the date when it reached its lowest level) to that caused by the news of the battle of Chemin des Dames. Loud cries of "What an exaggeration...