"Within the scope of existing laws."
On these six little words Premier Poincaré staked the existence of his Government and won.
After the protracted struggle in the Chamber of Deputies (TIME, Feb. 18 et seq.) the Emergency Taxation Bill, which had since the fall of the franc become indispensable to the negotiation of the loan of $100,000,000 from J. P. Morgan & Co., faced the possibility of defeat in the Senate. There the Government rested on a doubtful majority of ten.
The Bill gives the Government power to issue...
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