Word: poincarism
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...Morgan & Co. Finally Mr. Mellon dropped in at the U. S. Embassy and was reminded of a duty by able Chargé d'Affaires Sheldon Whitehouse. Mr. Whitehouse informed Mr. Mellon that in deference to custom he must call on the Premier of France, M. Poincaré. Moreover, added Mr. Whitehouse, Foreign Minister Briand had already put off his departure for the League session at Geneva for a day in expectation of a call from Mr. Mellon...
...Poincaré Cabinet announced last week the proximate issuance of a series of decrees providing strict limitations on the purchase of luxuries in France and forbidding the baking of other than war bread...
Beds. Versailles is a small town. Last week there were not beds enough for some 300 Senators and 500 Deputies who journeyed out from Paris to constitute, in joint session, the National Assembly of France. All provident, the Government of veteran Premier Poincaré despatched from Paris a truckload of beds and bedding, caused them to be distributed to good advantage among the hotels of Versailles. Came dawn. Through the forethought of M. Poincaré, the Senators and Deputies arose refreshed, complacent, found themselves even provided with a special bar outside their meeting hall where viands and vintages of every...
Bank Fund. The final fiscal reform measure for which M. Poincaré secured passage last week authorized the Bank of France to create by the purchase of foreign currencies a non-fluctuating monetary reserve for manipulation in defense of the franc. Premier Poincaré declared roundly before the Senate: "The franc has reached a point where it is much below its real value. The Bank of France bills are guaranteed in such a manner as to render unjustified the absurd present rate of the franc in international exchange...
...procrastination and folly, had been galvanized into rational action. So favorable was the reaction of international financiers that the franc touched 35 to the dollar again, after touching 50 during the slump which frightened the Chamber into supporting the "Sacred Union Cabinet." (TiME, Aug. 2.) Throughout the week, M. Poincaré conducted an experimental and educative campaign of inspired statements to the press-sought, without conspicuous success, to find and pave a way through hostile public opinion toward ratification of the Franco-British and Franco-U. S. debt pacts...