Word: golds
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Dates: during 1920-1929
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...report that he had threatened to resign as Governor of the Bank of France caused consternation among politicians and appeared to have swayed the iron judgment of Prime Minister Raymond Poincare himself. The question at issue was whether to set up the now virtually stabilized paper franc on a gold basis. To this problem M. Moreau brings strictly practical knowledge acquired during an entire lifetime spent in the Treasury and allied services, latterly as Director General of the State Bank of Algeria, and since 1926 as Governor of the Bank of France...
During the week Banker Moreau deprecated but avoided denying an authoritative report that he has threatened to resign unless Prime Minister Poincare ceases to procrastinate in making the paper franc legally equivalent to and exchangeable for its present approximate value in gold-namely 4? to the franc or 25 francs...
...Jacques Seydoux, Director of the Bank of Paris, said last week: "If France returns to a gold basis now-and she must -it means accepting four-fifths bankruptcy (of the paper franc). Germany accepted complete bankruptcy (of the paper mark...
...only, first that their hopes are too extravagant ever to be realized, and second that the Bank of France has not sufficient resources to go on protecting the franc against foreign speculators, unless there is applied that potent check to speculation, a law establishing the currency on a gold basis...
Miss Earhart is an experienced pilot, licensed in May, 1923, a former holder of the altitude record for women fliers, but Miss Boll was led to take up trans-atlantic flying last summer by the ambition to show New Yorkers her Parisian sweater woven from gold links. Lady Lindy flies in a trimotored Fokker, equipped with pontoons and two radio sets, while the Diamond Queen has chosen the single-motored Columbia, trans-atlantic veteran with no pontoons and no radio. Backing Miss Earhart are the advice of Commander Byrd, the promoting wisdom of George Palmer Putnam and the wealth...