Word: rist
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Dates: during 1930-1939
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...profit" in devalued francs) and to buy bonds payable in francs, dollars or sterling upon demand; finally Finance Minister Auriol inspired confidence by giving up his stranglehold on the French currency exchange control fund and this will be managed by a new committee, one of which is Professor Charles Rist, long-time Bank of France executive and about as radical as Virginia's Carter Glass. In his speech Premier Blum had smoothly avoided replying to taunts that he himself seemed to have become about as radical as Britain's Ramsay MacDonald and to be leaving in the lurch...
...more potent than most statesmen is alert, tactiturn M. le Professeur Charles Rist, fiscal expert of the Bank of France. When he and his corps of secretaries descend in these days upon a minor European capital local Treasury officials are in a panic, hope for a loan, fear disclosures. In Bucharest last week M. le Professeur Charles Rist made an announcement which rocked the Kingdom of Rumania...
...disclosed, intimated M. le Professeur, who never speaks for publication, that the Royal Government has pursued for the past ten years a budgetary policy of letting expenditures exceed receipts. Public works have been unproductive to the point of threatening the stability of Rumania's depreciated currency. Professor Rist advised wholesale weeding out of superfluous Government employes, salary cuts of 50% and further drastic retrenchments. For the Bank of France to extend any more loans to Rumania (longtime "Little Ally" of France), he concluded, is in these circumstances totally unthinkable...
Significance & Screams, Though M. le Professeur Charles Rist did the actual work of execution last week, the French Government has long been in a mood to force the Rumanian Government back to the path of sound finance and moral decency...
...Paris had bluntly stated the French position: France would never allow Germany's private debts to come ahead of Reparations. Revision of Reparations could only be accompanied by a corresponding reduction in War debts (TIME, Dec. 7). Faced with Dr. Melchior's gloomy figures in Basle, French Delegate Charles Rist did his best to defend the Laval position by stating that, even if the Melchior figures were correct, they merely proved that business in Germany was so uncertain that now was no time to decide on Germany's capacity...