SOCIAL UPHEAVAL MAY RESULT.
FRENCH CRISIS PAST MERE ECONOMICS. HERRIOT CANNOT LAST. WILDEST RUMOURS HEARD IN PARIS. By Telegraph.—Press Assn.—Copyright. Aus. and N.Z. Cable Association. PARIS, July 20. The situation as the result "of the collapse of the franc - has passed the stage of mere economics and reveals a political situation of the most dangerous type, such as might prelude a social unheaval. M. Heiriot's Government has completely failed to inspire confidence. Optimists say that it may last a week. On the Bourse many speculators are frantically selling stocks in order to buy .shares which are independent of the value of the franc. Perhaps the most significant danger signal is the growing panic amongst the peasantry. Thus, the ignorant peasants in the Biarritz district refuse to buy or sell, saying that the franc has fallen thirty points in a single day, and it is impossible to foretell the future. The wildest rumours are being circulated in the district, including the statement that Marshal Petain has been proclaimed Dictator. The rumour was denied, but confidence was not restored.
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Bibliographic details
Star (Christchurch), Issue 17905, 22 July 1926, Page 15
Word Count
177SOCIAL UPHEAVAL MAY RESULT. Star (Christchurch), Issue 17905, 22 July 1926, Page 15
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