FRANCE: Moreau Threatens

The most potent banker in France, M. Emile Moreau, has never held a post in a private bank. Last week the mere report that he had threatened to resign as Governor of the Bank of France caused consternation among politicians and appeared to have swayed the iron judgment of Prime Minister Raymond Poincare himself. The question at issue was whether to set up the now virtually stabilized paper franc on a gold basis. To this problem M. Moreau brings strictly practical knowledge acquired during an entire lifetime spent in the Treasury and...

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