Shameful Condition of the Army 12s Who Have to Serape to Weed Their Men: True Story.of Recovery of the i Chantilly Diamond:
Two Men Arrested "Frow Our -Own Paris, Dee. 2.
'The.eternal money problem: has astumed.ainow shape, 'The franc, stead of continuing an sits downward path, "has turned back 30 decidedly: that: business people -are even more at sca.-than they were before, 'The public argues' that, Prices went up-with the pound, they should go down now, but as matter lof fact the cost of living has never een s0 high, because there has not yet been time for the difference in exchange to affect retail prices. The public, however, does not—understand why there should be any such Anterval, and great discontent pre-ails. "In expectation of a fall in Prices, people are postponing their purchases as long as possible, and] there is a great slackening in trade 0 great, in fact, that the large retail houses in Paris are obliged to sell goods at a loss so as to provide themselves with funds for current expenses. With the frane at 190 to the French industries no long-ex find it so easy to undersell their competitors, and unemployment beginning to show itself, Newspaper readers appear to be divided into two classes with very Jong. names—"stabilizationists" and "revalorizationtsts." The former includes bankers, financiers and! yether experts who think that, in the general interest of the country, France should follow the example of Belgium and stabilize her currency, The other luss consists of the vas mass of people who think that, aa the frane has been so much improv-edin-value without any further Dorrowing abroad, there is no re fon why the process should not continue,—Stabilization would mean that holdings in Government stocks; railways and all other—enterprises would automatically lose a large part of their value expressed in franes, and as the number of holders lall Tots of these stocks and mis very large, we may _ex-peck that the whole weight. of opinion will be against stabil tion, and that, so long as the present Cabinet remains in ofice, the prevailing policy will tend towards improving the frane through a gea~ dual redemption of the national debt.
Poincaré, however, is. not eternal, He is, moxo respected than liked, and he has made a great many adversaries by his refusal to Sncrease Civil Service salaries and by what in considered his unneee sarily uncompromising attitude towards claims by ex-soldiers.
Text read from the printed page and cleaned; old type leaves the occasional error.