Word: poincar
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...least a twelvemonth enemies of Prime Minister Raymond Poincaré have confidently prophesied that his Cabinet would fall soon after he should have put the franc back on a gold basis-a deed done last fortnight (TIME, July 2). Even staunchest friends feared, last week, for the grizzled statesman's grip on Power. His famed Cabinet of Sacred Union comprises representatives of parties bitterly opposed, who laid down their political tomahawks solely because of the desperate emergency created by the slithering fall of the franc (TIME, Aug. 2, 1926). Today the paper franc is good as gold; and French...
Such unrepentant imposture, although common enough, was not practised last week in Paris, when a banquet consisting chiefly of horse, donkey and mule meat was set before three members of the famed Sacred Union Cabinet of Prime Minister Raymond Poincar. The three, all by way of being gourmets, *were: Paul Painlev, mathematician, twice Prime Minister (1917; 1925); Minister of Agriculture Henri Queuille; and Minister of Commerce Maurice Bokanowski...
French and foreign investors scrambled competitively in a buying orgy, last week, when they were finally permitted by white whiskered, confidence inspiring Prime Minister Raymond Poincaré to snap up the 5% bonds of his eagerly awaited Consolidation Loan...
...days ten billion francs ($400,000,000) of new money flowed in; and six billion francs in other government securities were exchanged for the new issue. Since this latter process-"consolidation" of previous higher interest bearing securities into the new loan-was the end chiefly sought by Prime Minister Poincaré, he announced on the second day of scrambling that no further cash subscriptions would be accepted, but welcomed further conversion which continued steadily all week...
...announced by M. Poincaré, prior to his recent sweeping victory at the general election (TIME, May 7), the present Conversion Loan is a firm preliminary step toward eventual restoration of the stabilized franc to a gold basis...