Word: switzerland
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Dates: during 1930-1939
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...from Chamber and Senate on a program of rock-ribbed gold standardism (seep. 21). The gold cover behind French currency stood at over 80%. Even so, psychological pressure was great. After-effects of the French crisis fortnight ago kept the currencies of four gold bloc countries (France, Belgium, Netherlands, Switzerland) fractionally below the gold export point all week. President Roosevelt, by relaxing completely the lax treasury restrictions on export of U. S. capital, convinced Europeans that the U. S. is now a better place to which to send their money than heretofore...
...Switzerland. A spectacular promotion stunt by Swiss hotelkeepers backfired last week, sending the Swiss franc down below its gold point for the first time in months. To attract British winter sportsmen, the stunting bonifaces advertised that in settlement of Swiss hotel bills the pound sterling will be accepted as worth 16 Swiss francs flat. Last week the pound was worth 15.31 Swiss francs on international exchange. In effect the Swiss hotelkeepers had merely cut their rates. But Paris seethed with angry talk: "The Swiss, like the Germans, are creating an unfair cut-rate currency. What is the difference between...
Britain. British hotels also had a better year than last. With sterling cheap, tourist traffic was up 20,000 for the season, excluding the heavy week-end trade from normally stay-at-home gold-bloc countries like France, Belgium, Netherlands, Switzerland. Visiting U. S. tourists remained twice as long as in previous years. Despite rate reductions to accommodate dollar travelers, the Savoy in London took in 35% more from room rent than...
...Paris have suffered most of all. What little tourist trade there was last summer took refuge in smaller, cheaper places. French prices are still high even in terms of gold, and in terms of the dollar exorbitant. What is true of France is true of Netherlands and Belgium. Switzerland, where hotelkeeping is the third industry, is even gloomier...
...fact that the Protocols are still widely read and widely believed might well discourage Jews from putting much faith in a trial in Switzerland. The Protocols were effectively disposed of as fraudulent long ago, notably by the London Times in 1921, and by the Soviet Government which outlawed them in 1917. Based on old-wives' tales current three centuries ago, they have been shown to draw most heavily upon two obscure books of the mid-19th Century. First of these, published in Brussels in 1865, was a political attack on Napoleon III, written by a French lawyer named Maurice Joly...