FRANCE: Cock's Crow

Early this year the tightest wad who was ever Governor of the Bank of France, fusty "abnormally honest" M. Clement Moret, gave way to that slightly looser wad, sandy-mustached M. Jean Tannery, amid uneasy rumors of "inflation" (TIME, Jan. 14). Since then France has changed cabinets and new Premier Pierre Laval is not tinged as was old Premier Pierre Etienne Flandin with any suspicion of wanting to perpetrate a New Deal âl'americaino. With Parliament adjourned and the new Cabinet embarked on a drastic program of balancing the...

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