For the first time in two years it could be said last week that the French budget balanced. It balanced ("on paper") with a surplus of 30 million francs. This surprisingly hopeful turn of events was brought about by fear. The Deputies of France saw the franc tumble down to 3.39½¢ at Manhattan, a world record for all time, and were at last stricken with the fear that if they refused again to vote adequate taxes, as they have refused for months (TIME, March 15, et ante),...
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