FRANCE: Cynosure

All financial eyes fixed Finance Minister Joseph Caillaux with a world stare. With the British back on a gold basis (see Page 6), what did he intend to do?

M. Caillaux did not answer at once. On two occasions, he received U. S. Assistant Secretary of the Treasury Garrard B. Winston (on one occasion accompanied by U. S. Ambassador Myron T. Herrick) but, for the most part, he shut himself up in his departmental office and refused to be seen. Then came strange rumors of financial "novations" and "painful financial penance." Finally, the...

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