Business & Finance: Banque & Blow

In Paris last week, against a backdrop of grenadine velvet, the Bank of France staged its first meeting since Premier Blum enfranchised the Bank's 40,000 hitherto voteless stockholders. Sole control previously rested in the potent hands of the 200 largest shareholders-"the 200 Families of France" (TIME, May 18, et seq.). With a turn-out of no less than 1,300 excited Parisian and provincial shareholders, the meeting was as raucous as a stormy session of the Chamber of Deputies. It took Governor Emile Labeyrie three hours to get through his scholarly 90-minute report, so often was he interrupted by catcalls, loud expressions of...

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