FRANCE: Debt Reaction

In Paris the announcement that M. Caillaux was bringing home for ratification merely a stop-gap debt settlement (see Page 5, THE CABINET) wrought one effect expressible in figures. On the Paris Bourse itself, in spite of the French Government's placing buying orders for 40,000,000 francs, the exchange value of the franc fell from 4.75c per franc to 4.62c.

Developments in the Press were naturally lass capable of being accurately evaluated, but reflected a general tone of condemnation for Mr. Mellon and sympathy for M. Caillaux. The French temperament exploded into many lurid headlines and wild words, such as: "France, with...

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