FRANCE: Surprise after Surprise

Several dozen Frenchmen decided last week that no stigma of default should attach to them. They would pay their share of the $19.000,000 which La Pa trie did not pay on Dec. 15 to les yanquis. Seizing paper & pencil they divided the 480,000,000-franc default by the population of France, 41,000,000, figured that each owed the U. S. between eleven and twelve francs (about 47ยข), popped this tidy sum into an envelope and mailed it to U. S. Ambassador Walter Evans Edge. Mr. Edge wrote letters to the several dozen Frenchmen, thanked them, returned their money. Other Frenchmen wrote...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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