Foreign News: New Cabinet

M. Raymond Poincaré, whose name is great in France, was called by President Doumergue to form a "Sacred Union" Cabinet, last week—to weld the unruly French Parliamentary blocs into a stable unit, to save the franc from extinction. The task which, he faced was stupendous, unique.

For a year and more the Chamber has demonstrated its disinclination and its incapacity to legislate. Almost every possible program for saving the franc has been presented to it, and has been rejected on grounds of petty local politics. The Deputies have refused to vote adequate taxes,...

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