Word: poincarism
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Statesmen Coolidge, Baldwin, Poincaré, Stresemann, even Mussolini, have invoked with respect to Mexico, Nicaragua, India, China, Tibet, Java and most of the earth's troubled lands, fear of all the spectre stands for. Asia is troubled by it, vaguely wondering if in loyalty to this presence perhaps lies union, strength and conquest...
...Third President," M. Ferdinand Buisson; won his election last week by the clean cut vote of 284 to 186. He represents the "Locarnoist" policy of Foreign Minister Briand, and defeated for his new post the onetime "Ruhrist" War Minister of Premier Poincaré, M. André Maginot. Frenchmen were pleased by the elevation of M Buisson last week, for he has held the thankless Vice-Presidency of the Chamber for the past two years with tact, polish, souplesse...
Political Crisis. Such industrial hardships came fatefully on the eve of elections affecting one-third of the French Senate which will be held in mid-January. The present Senate is predominantly Conservative and has stood as the rock upon which Premier Poincaré has based his efforts to increase the value of the franc...
...that these efforts have succeeded with almost disastrous rapidity, the more radical political groups have begun to whisper among the electorate that "Poincaré and the Bankers' Senate" are increasing the value of their money at the expense of unemployment for the worker...
...franc appreciated to 25 to the dollar last week, its highest since 1925, a rise of 20% in gold value since November. Premier Poincaré thereupon decided to peg the franc against further rise or decline. By his order the Bank France announced that until further notice it would buy or sell any number of francs at 25 to the dollar. Instantly speculation in the franc ceased. Frenchmen sighed with relief for a further rapid rise would have raised the gold price of French goods so much that French exporters would have been ruined...