CAILLAUX'S HEAD

Evening Post, Volume CX, Issue 101, 26 October 1925, Page 8

CAILLAUX'S HEAD

.'.'BLOODY BUT UNBOWED".

FINANCIER'S SWAN SONG.

(REUTfiR'S TELEOIUU.)

(Received 26th October, 1 p.m.)

EAEIS, 25th October

M. Caillaux, in a speech at Chateau dv Loir, in his own Department, Sarthe, outlined his financial policy—firm opposition to the capital Jcvy, forced consolidation of short term debt or reduction of interest on "rentes," combined with progressive taxation severely hitting opulence and pitiless taxation of luxury; special but moderate taxes on all forms of wealth, and reduction of expenditure.

Ho declared that they would only get out of the wood slowly. It was impossible to restore the finances in a few mouths. lie concluded his speech in a fighting spirit, clearly referring to' the possibility of his imminent resignation. Ho declared that ho would be only too glad to return to the ranks, and would always be a devoted servant of Franco. He had suffered, and doubtless would suffer, many trials, and he awaited, fresh crowns of thorns on his forehead, which was still bleeding, but, like an old oak in the forest of Sartlie, which lightning had struck, but not felled, he stood upright for the defence of public finances and tho defence .of tho Republic against reactionaries and against feudalism.

Befcrring to the war debts, he said ho was confident that a settlement would bo reached before many months were past.