Bedrock facts beneath the billows of press pother last week about the Gold Standard:
France. As to the flight of capital from France provoked by the fall of Premier Doumergue's "Truce Cabinet," the Bank of France was seen last week to have lost gold worth 360 million francs, or less than one-half per cent of its reserves of over 82 billions.
Thus pressure on the franc last week was "psychological, not actual," in the opinion of foreign exchange experts. They pointed to the success of new Premier Flandin in winning huge votes...
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