France Awakening to Facts of Financial Crisis: Opposition to U.S. Claims brought, ux thie letter only to days Stas Batt interest romaine Frost Our Own Connesronnent Paris, July 9.
No one can deny that M. Caillaus has plenty of courage and energy. He had considerable need of these qualities for the debate in the Chamber on the financial question, which has been <allowed to drift far too Hiong, simply because the leaders of the country, or at any rate the men who have a voice in the matter, ean-not agree as to what should be done, M. Caillaux began with an excellent speech in which he set out the facts, without attempting to disguise the shortage of, ready money in the Treasury, and in the course of the debate he has intervened over and over again, urging his colleagues at) any rate to adopt some definite plan and not to lose any more time.
At the moment of writing, however, it does not seem likely that his efforts will be successful. Ho] argues that, in such matters as currency stabilization, the man in charge of the national finances Jahoulg be able to act without disclose ing his plans and should therefore have power to issue decrees, but the Chamber does not like the prospect lof giving any minister a free hand during the Parlismentary vacate now close upon us. The result is that the discussion has presented the same spectacle as before—a conflict of political doctrines availing nothing against borg economic facts, The various groups in the Cham-bor seem to look upon the experts! report og an outside interruption of the political game, possibly well meant but coming from outsiders all the same. In the meantime the pound sterling has risen in a few cays from Fra, 180 to Frs, 193.
Text read from the printed page and cleaned; old type leaves the occasional error.