(2 of 2)
To cable from France last week that you thought the franc about to go off gold was to risk being deported under Premier Pierre Laval's new and drastic decrees for defense of the franc. Into Paris mailboxes vexed correspondents popped dire franc predictions. These, unopened, safely reached London, Brussels, Amsterdam. Everyone knew anyhow that gold was again in flight from France in the nearest thing to panic since last spring. Three successive uppings by the Bank of France of its discount rate failed to halt the flow. Instead it quickened. The radical...
To continue reading:
or
Log-In
