Word: rist
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...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...
...Finance Ministry and the Bank of France: Professor Charles Rist, Honorary Under-Governor of the Bank; and the Ministry's Assistant Director of the Movement of Funds, M. Jean Jacques Bizot...