SWITZERLAND: Sanctuary Scare

The Swiss peasantry were muttering last week. Prices were too high. Tourists were thrifty. Business was bad. In the midst of such talk Jean Musy, who had been Finance Minister for 14 years, resigned from the Federal Council. That was enough to start the rumor that Switzerland was going off gold. Firmly the Government scotched the rumor, announced that M. Musy's opposition on the Council does not want to go off gold any more than he does.

For centuries the "scared money" of Europe has lied to Switzerland before revolution and tyranny. Many a White Russian, German Jew, Austrian...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!