Word: francs
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Dates: during 1920-1929
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Without being profound, this remark was perhaps quite as characteristic and quite as adequate as the single sentence which Tycoon Morgan was persuaded to utter in 1924, just after he had granted a credit of $100,000,000 to stabilize the tottering French franc. Said he then- and could he wisely have said more?-: "France has taken the necessary steps to stabilize the situation in the face of all contingencies...
Gravely answered the greatest statesman in France, the savior of the franc, the "Lion of Lorraine...
...lost to Athanase Vagliano and his colleagues of the famed "Greek Syndicate" at Cannes or at Deauville, according to one's means. The Syndicate's game was and is baccarat. One season they lost three millions of francs to M. André Citroen, the "Henry Ford of France." In the novel Enemies of Women famed Spaniard Vincente Blasco Ibánez portrayed Athanase Vagliano, under another name, as the evil genius of the Riviera. As a matter of fact the heaviest losers to the Syndicate do seem to have been women. "Once," Vincente Blasco Ibánez has said, "I saw Vagliano...
...advantage of the system is that no cash has to be shipped, and therefore the value of the franc and mark are not disturbed on international exchange. The disadvantage is that, in practice, prodigious complexities arise, out of which not a few crooks have profited. Exactly a year ago another set of international sharpers cheated the Great Powers concerned out of $12,000,000 worth of German hops, coal, seed (TIME...
...known, during the holidays, that he plans to resign as soon as he is satisfied that his Cabinet?in which he now holds no active portfolio?can carry on under another leader. After two and a half years of incessant and supremely successful work in stabilizing the franc (TIME, Aug. 2, 1926 et seq.), the Prime Minister and former President of France is anxious for release from arduous and poorly paying public duties...