Foreign News: Golden Duty

Some $2,119,194,000 in gold is piled up in French banks, more than three times the gold reserve of Britain, not quite half the gold reserve of the U. S. To France's gold nearly $2,000,000 a day has been added during recent weeks. French editors and financiers plotted ways to stop this golden avalanche.* Commented Publisher-Perfumer Coty's L'Ami du Peuple:

"The high cost of living in France which causes anxiety to all Frenchmen and their families, is due to our amazing rise in gold stores, because currency inflation is the chief factor in the upward...

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