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Sizzling on the Chamber of Deputies grill last week lay The Deal of Hoare & Laval, which in London fortnight ago caused the resignation as British Foreign Secretary of Sir Samuel Hoare (TIME, Dec. 30). From Paris to London to sit in the Commons gallery during that fracas dashed the dynamic French Deputy who for months has been trying to upset the Laval Cabinet in order to dislodge France from the gold standard and start inflation or devaluation of the franc. Last week M. Paul Reynaud was back in Paris and, although no expert in foreign affairs, had primed himself...

Author: /time Magazine | Title: Foreign News: Millionaires in Rupture | 1/6/1936 | See Source »

...vivid terms Deputy Reynaud described his impressions in London of high British moral repugnance to Hoare & Laval. "If we become separated from Britain, it means war!" he cried. "The German press does not leave us in ignorance of that! . . . Remember Hitler's words in Mein Karnpf. The driving of a wedge between Britain and France, the isolation of France-that is to be the German signal for war! Laval, by his lukewarm support of the League, would make Der Führer's fondest dream come true. . . . We have to choose between Italy which is in rupture with...

Author: /time Magazine | Title: Foreign News: Millionaires in Rupture | 1/6/1936 | See Source »

...grim Premier Laval, at bay last week on his front bench, scores of Deputies screamed "Resign! Resign!" Hysteria mounted until a reference to "my country" by the Premier subjected him to a torrent of demands that he speak instead of "our country." This he thereafter did with evident galling bitterness of soul. In their element were the forces of French antiFascism, led by millionaire Socialist Leon Blum. "Mr. Premier' he crushingly observed, "I am surprised, nay I am amazed, to see that you are still 'Mr. Premier.' There are some mistakes which a public man does...

Author: /time Magazine | Title: Foreign News: Millionaires in Rupture | 1/6/1936 | See Source »

...Doom of Laval' Because of the difference between Britons and Frenchmen, the Laval Cabinet was not able to defend itself by the methods which the Baldwin Cabinet successfully employed. Both Cabinets had been pledged, as a whole and up to the hilt, to secure immediate peace between Italy and Ethiopia by means of negotiations taking their point of departure from The Deal of Hoare & Laval. In the House of Commons fortnight ago the Prime Minister was never in danger because his Conservative Party held an absolute majority and not even Stanley Baldwin's worst enemies ever predicted that...

Author: /time Magazine | Title: Foreign News: Millionaires in Rupture | 1/6/1936 | See Source »

...Premier Laval, being his own Foreign Minister, could not make himself his own scapegoat. He is the engineer of no political steam roller but an Independent. During 1935 the French Chamber, in which there is no solid majority, has been on the point of overthrowing him for one reason or another nearly every week, not because he is unpopular but in the ordinary workings of French politics in which Premier after Premier is ground exceedingly small. Last week there were beyond question in the Chamber more than enough Leaguo-philes, Devaluationists, Socialists, Communists and people-who-simply-do-not- like...

Author: /time Magazine | Title: Foreign News: Millionaires in Rupture | 1/6/1936 | See Source »

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