Word: successful
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Dates: during 1930-1939
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What had so amused rudely-laughing Mme Bietrix was a most grave matter indeed. As financial correspondents were soon tapping out on their typewriters, the Blum Cabinet, in order to assure success of their loan, had modified the financial policies of their New Deal so drastically as almost to have reversed them. They had not however junked the social aspects. On the fiscal side, French New Deal persecution of gold hoarders was dropped; they were enabled, without giving even their names, to get full value for their gold at the Bank of France (i. e., a "40% profit" in devalued...
...Manhattan, for that would be illegal-but only to pay coupons in dollars to holders of these French bonds who might turn up in Manhattan and ask for payment in dollars. Although Secretary of the Treasury Henry Morgenthau Jr. took this occasion publicly to wish the French loan "great success," the Treasury was obliged to inform Paris that there would indeed be Congressional perturbation over any such attempt...
...rest. That Italy owns Libya she owes to her famed Socialist, the late Giovanni Giolitti, who was five times Premier, staged the Libyan War in 1911. He was hotly accused by moderates and conservatives of "unconstitutional conduct in declaring war without the consent of Parliament," but nothing succeeds like success. After Socialist Giolitti had annexed administration of Libya, from Turkey by the Treaty of Ouchy, enthusiasm in Italy was such as to go a long way toward doubling the Socialist vote in Italy's next election...
Since the success of the Devaluation Law is intimately tied up with success in maintaining the franc above the minimum level of 4.3 cents, we all hope that the loan was a success...
...From current reports," Professor Harris continued, "the French Loan seems to have been a success. It has been heavily over-subscribed. Yet two factors must be kept in mind. Its success depends largely on the foreign money used to subscribe to the loan, and not merely on the actual amount of subscription in francs...