FRENCH POLITICAL CRISIS.

Dominion, Volume 5, Issue 1335, 12 January 1912, Page 5

FRENCH POLITICAL CRISIS.

MINISTRY RESIGNS. SECRET NEGOTIATIONS WITH GERMANY. TO BREAK UP THE TRIPLE ENTENTE. Bj Telegraph—Press Association—Copjrleht Paris, January 10. M. Deleasse, Minister lor Marine, succeeds M. do Selves as Minister for Foreign Affairs. The Bourse is weak. M. Poincaro refused the portfolio of Foreign Affairs, which M. Deleasse (Minister for Marino) accepted on condition that a Minister for Marino was appointed who would pursue M. DelCasso's policy. Admiral Genninet declined tho portfolio of Marine. The Ministry then resigned. (Rec. January 11, 9.30 p.m.) Paris, January 11. Inability to secure a successor to M. Deleasse, Minister for Marine, who accepted the portfolio of Foreign Affairs, on condition a strong man was selected for the Ministry of Marine, hastened the Cabinet's resignation. "Liberia" asserts that M. Caillaux, the Premier, from July 16 to July 81, when the crisis with Germany was at its worst, daily exchanged views with the German Embassy. Ho also received a secret emissary from Germany. Without informing M, Cainbon (the French Ambassador at Berlin) M. Caillaux had intimated that apart from economic concessions he would be prepared to entertain a suggested understanding with Germany in Europe, the price of which would inevitably mean acquiescence in the loss of Alsace-Lor-raine and the breaking-up of the Triple entente—that is, the understanding between Britain, France, and Russia. THE CAILLAUX CABINET. M. Cailkux's Ministry came into office at the end of June, 1911, ou the defeat of the Moms Ministry, M. Caillaux having been Finance Minister in the Mom's Cabinet. M. Caillaux's Cabinet was composed of representatives of all the parties of tho Left, with the exception of the extreme Socialists. It included live Radicals, M. Caillaux himself and MM. do Selves, Delcas?e, Cruppi, and Dnjar-dm-Beauinetz; eight Socialist Radicals, MM. Steeg, Mossimy, Couyba, Klotz. Pums, Reno Renoult, Rene Besnard, and Malvy: two members of the Democratic Left, MM. Lebruiv and Chanmet; and one so-called Republican or Independent Socialist, M. Augagneur. PRANCE AS HOSTAGE FOR ENGLAND. As regards tho relations between France and Germany, some interesting information is contained in the "Daily Mail' Year Book just issued, entitled Is It War?" The editor says that "the writer of the articles is ono of the most distinguished and best-informed publicists in Europe.," The writer states:— At every business crisis in Germany— a crisis is menaced regularly at each quarterly settlement-thc Franco banks advanco to tho German banks, without the knowledge and against the will , of the French people, the millions required to square German accounts and to bolster up the great gamble for three months more. Thus, for many years, France has financed German industry and rendered possible the maintenance of the huge army and navy, which could not have been kept un without the taxes levied on.German industry. "As Ion?; as Franco was isolated, or bound only by a defensive allianco to Russia, Germany well knew that tho German sword, the greatest commercial asset of the country, would ensure French pliancy. When, howevor, France, having strengthened her military-, naval, and colonial position by agreement with England, began to show less 'terror of tho German 6word, there arose in Germany the doctrine that France must be held as hostage for England, and that, if England destroyed tho German fleet, Prance must be bled afresh, and made to provide such an indemnity as to place German industry and commerco beyond risk of catastrophe. "During the Morocco negotiations, German pressure for financial support from France has been constant; and it will be well for France and for England if the published Morocco-Congo understanding be not flanked by a tacit agreement that the French Government will not intervene to prevent the raids of German banks upon the savings of France. "Nevertheless, it may be difficult for Germany, even with the involuntary help of French thrift, to escape financial crisis if German policy continues to follow its Teccnt course."