Word: poincarism
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Statesmen, be they never so great, must bow before the electorate-the sovereign mob-and thus, last week, so great a statesman as Premier Raymond Poincaré, Wartime President of France, journeyed out to Bar-le-Duc and made before constituents his annual kotow. . . . He told them with a little unguent flattery that they and the electorate at large have returned such excellent deputies and senators that his own task-that of restoring financial and political stability to France out of chaos within ten months-has been comparatively simple. (A wink went round, for most of the audience know well...
Bainville Interprets. Though the Premier went on to speak largely of budgetary and other purely national matters, he made one closely guarded statement which attracted large attention because it was expanded and interpreted next day by a close personal friend of M. Poincaré, pontifical Editor Jacques Bainville of La Liberté. The Premier said: "The reserves of foreign currency which have been accumulated by the Treasury place us in a position to meet our foreign liabilities so that we will not have to accept blindly for a long period, engagements which we would not be sure ; about being able...
Editor Bainville declared positively next day, that these words are an expression of Premier Poincarés determination to pay the U. S. $409,000,000 which will be due some months hence, upon U. S. Army stocks purchased by France in 1919. Editor Bainville, a discreet mouthpiece, barely hinted that if Parliament can be induced to make this payment, M. Poincaré will next attempt to lead the deputies and Senators by easy stages down the hard road of general debt repayment...
Because Premier Poincaré has given France a strong Cabinet at last and has stabilized the franc (TIME, Jan. 3) the prestige of his ministers is increasing to a pitch which would have been deemed unattainable when the cabinet was formed (TIME...
...Premier Poincaré, boastful only of birds-in-the-hand of his own shooting, did not mention that Soviet Ambassador to Paris Rakovsky approached Foreign Minister Briand, last week, with a tentative offer to repay 55,000,000 francs ($10,615,000) per annum on the Tsarist debt to France. If this long frozen source of revenue has actually begun to thaw, Frenchmen may well rejoice; but it was rumored that the Soviet Government comes once again with a fair-seeming offer, but intends to hold out once again for further credits from French manufacturers which France is loath...