Word: poincar
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With his broken arm still in a cast, hulking Premier Flandin held daily bedside conferences with elderly, crop-headed Finance Minister Louis Germain-Martin and Governor Jean Tannery of the Bank of France. In 1926 white-chinned old Raymond Poincaré had been able to halt a similar crisis by increasing taxes, by floating a heavy loan on the Government tobacco monopoly. But in national prestige Premier Flandin was no Poincar...
...ment Moret entered the eclipse of Honorary Governor after setting Paris the kind of example Paris respects. Amazingly few years ago he was living with his wife and children in a flat so modest that the rent was but 1,500 francs a year. Soon afterward great Raymond Poincaré (considered by his worst parliamentary enemies "abnormally incorruptible") declared that Finance Ministry Clerk Clément Moret was "abnormally honest," had him sent to reorganize the impoverished exchequer of reconquered Alsace-Lorraine...
Died. Raymond Poincaré, 74, Wartime President and three times Premier of France; after four years of ill health; in Paris. A squat, white-bearded, glacial man with a prodigious memory, he set "liquidation of the War" as his great goal, was responsible for French occupation of the Ruhr, staved off financial panic at home, retired in 1929 after consolidating France's War indebtedness to Britain...
...people in the world who was a friend of a legitimate Saint. Years ago in his native Normandy he used to play the guitar while Thérèse Martin, the "Little Flower" of Lisieux, sang hymns. This intrepid Norman was Minister of Finance immediately after Premier Poincaré's famed stabilization of the franc, served in three cabinets and retired in 1930, leaving a treasury surplus of 19,000,000,000 francs. Because Papa Chéron was never one to become needlessly excited, Frenchmen knew that things were bad indeed last week when he gave weight...
...chaffed a Cabinet colleague. "In the end you will accept!" Deliberately, ten minutes later, Papa Chéron accepted. French cartoonists rejoiced. Within a week M. Chéron was a national figure, a sort of Norman Coolidge, invincibly bourgeois. As Finance Minister he outlasted Premier Poincaré, carried on under Premier Briand, then under Premier Tardieu. When the latter fell (TIME, Feb. 24, 1930) Papa Chéron was found to have left in Jean Frenchman's long, woolen sock a treasury surplus of 19 billion francs...