FRANCE: A Crisis Evaded

The French Government, notoriously a movable object, was last week carried by an irresistible force to the shadow of the valley of political death.

The gist of the story was that Finance Minister Joseph Caillaux had said that ex-Premier Edouard Herriot's budget was not balanced and that neither he nor his chief, Premier Paul Painlevé, would ever consent to a capital levy.

The Radical Socialists resented this, swore that the Herriot budget was the first balanced budget that France had had since the War. The Socialists joined the fray, urged a capital levy....

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