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LIKE all French Finance Ministers, Félix Gaillard occupies quarters in the Palace of the Louvre, and en route to his private dining salon passes through the state apartment of Napoleon III with its massive chandeliers, velvet drapery and columns, caryatids and cherubs encrusted with gold leaf. "Ugly, isn't it?" remarked Gaillard cheerfully to a TIME reporter. "All the gold I own is on these walls." This week Félix Gaillard arrives in the U.S. See FOREIGN NEWS, France's Daring Young...

Author: /time Magazine | Title: A Letter From The Publisher, Sep. 23, 1957 | 9/23/1957 | See Source »

Most noteworthy of the delegates of 63 nations assembling in Washington for an International Monetary Fund Conference is Félix Gaillard (pronounced guyyar), France's youngest finance minister in this century...

Author: /time Magazine | Title: Foreign News: FRANCE'S DARING YOUNG MAN | 9/23/1957 | See Source »

...Planner Jean Monnet helped draw up program for postwar modernization of French industry. Spent a year in U.S. as Monnet's assistant. In 1946 was elected a Radical Socialist Deputy from the Charente; in 1953, as Secretary of State to Premier René Mayer, launched le plan Gaillard, a five-year program for French atomic energy development. After holding junior office in four successive Cabinets went into temporary eclipse during the premiership of fellow Radical Socialist Pierre Mendès-France, who thought him overly conservative, overly Europe-minded. In 1955 headed French delegation which laid the groundwork...

Author: /time Magazine | Title: Foreign News: FRANCE'S DARING YOUNG MAN | 9/23/1957 | See Source »

...skiing, plays 15-handicap golf ("Maybe I'm good enough to play with President Eisenhower") and first-rate bridge. Much sought after by Parisian hostesses. Arrives late to work, leaves the office every night by 9 to dine with the family in his elegant Avenue Foch apartment. (Madame Gaillard, widow of one of France's wealthiest financiers, has two children by her previous marriage, a son by this one.) His chief handicaps: a malicious wit-"Nothing outside, nothing inside" was his verdict on a bald colleague-and the widespread feeling that he is a coldly ambitious golden...

Author: /time Magazine | Title: Foreign News: FRANCE'S DARING YOUNG MAN | 9/23/1957 | See Source »

...Future: stoutly maintaining that "it is false that France is sick, false that she is old," Gaillard argues that if his countrymen can be held to austerity for 18 months "we will finally find ourselves in the open...

Author: /time Magazine | Title: Foreign News: FRANCE'S DARING YOUNG MAN | 9/23/1957 | See Source »

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