FRANCE: Dawn Cabinet

Out of fiscal panic and crushing political crisis France once again emerged last week with her money sound and her democracy intact.

Money is sound when you can take it to the bank, get gold for it and do as you please with the gold. This test the Bank of France met stubbornly, day after day, with long lines of people applying for the minimum-sized French gold bars worth $12,000 each, receiving these over the counter in a steady yellow stream, tucking them into satchels and quietly dispersing. Not rich folk, most of...

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