In France, on the contrary, cooperation in the productive process is a voluntary matter. The worker's need of wages and the capitalist' desire for profits are the only inducements. The State makes fully known the amount of the debts it incurs and anybody may refuse to lend to the State. Even the Bank of France is obliged to lend only up to a maximum amount which has been repeatedly enlarged.
M. Daladier, in once again warning his countrymen of their serious financial problems, speaks, therefore, to people who have it in their power to change the prospects very considerably. He says that France's national income is now only 22,000000000 of Original gold francs, compared with 38000000000 in 1914.. But the wnionized workers of France can, by consenting to a relaxed interpretation of the 40-hour week, quickly bring a large accretion to the national income. Still more easily can the holders of some 75,000,000,000 francs of balances abroad put a large part of this into circulation in France, with great effect. Bring the national income, the grand total of Frenchmen's revenues, to the figure of a few years ago, and the State at once has a vastly increased income without raising the rates of taxation, Nobody will suppose this to be a simple matter to be achieved by a few well-chosen rhetorical periods. It is a matter of intricate political management, if not of something still harder.
Text read from the printed page and cleaned; old type leaves the occasional error.