Baraboo weekly news. [volume] (Baraboo, Wis.) 1912-197?, 1925-11-12
Florida has not all the attractions Of the outofdoorg
FINANCES OF FRANCE


At the close of the 1871, Germany made France
pay indemnity billion dollars is said that France
borrowed the money at the time has paid the obga
ton, hence never paid the debt.
The French people be afraid of taxes Taxes
pleasant but it is better to pay government expenses
than go perdition Along this line the Chicago Daily
News says:
Recent reports from Paris apparently foreshadow
political as well as financial crisis in France.
The refunding gold loan, which NJ. Caillanx, frances
ngenius finance minister thought he had succeeded in max
ing particularly alluring is acknowledged failure The
government is seriously embarrassed by the constant de-
mand for the redemption of short-term certificates and
notes. and currency initiation advocated by many polite
New must be imposed despite the general oppo-
so and to add to the complications French radicals and
socialists revvng their agitation for direct levy upon
capital although sich would drive more capital
out of France.
These things causing the value Of the franc to fall
to alarming wartime levels and further undermining
the credit of the republic New loans in the American money
market known to have been proposed by NJ. Caaux
but the Washington poicy-approved by the banking
munys adverse to loans to governments that have failed
to conclude satisfactory agreements for the funding Of their
debts to the United States.
ct appears that the French has decided
to lay before parliament the Mellon proposal for veyer
agreement committing France to the payment of $4,000
1000 annuayess than per cent-as interest its debt
Ito the United States and that offer being considered
for submission to the American debt funding commission
Presumably the offer is deemed necessary
OF removing obstacles TO new borrowing IN the American
market.
ut would be idle to speculate upon the terms OF the
offer Obviously however, the French financial situation is
grave and in need of and courageous treatment Wheth
Ter the present cabinet such treatment and sur
vve the assaults of its enemies remains to be Never
theless French ministry will have to undertake the
task and the it does so the better"
Discomfort
There great many discontinued people. Some know
why they not satisfied with themselves and with their
surroundings and others do not Few of them blame them
selves for their condition. they place the seat Of the trouble
with the Office holders the ruling political party
other If has gone through life without max
ling success then chances he did not hear opportun
Iity when knock made his door, He oblivious
to what before him. Instead of hewng his path
he was probably watching other fellow getting his feet
ION the ladder of fame
There thing that all should remenbernot take too
seriously all that said by the political orator and restless
agitator If money is jobs scarce, if products
scarce government cannot remedy all of these evils
Much lies with the Individual
Along this line Thomas N Carver professor Of political
ECONOMY at Harvard says:
There two distinct types Of leadership in the world
One typeand this is the most for lead
ershp by appealing to the worst that in human nature
namely the beigerent and covetous feelings
It goes before the people and tells them great deal about
their rights their wrongs and their grievances but tells
them nothing about their opportunities and their obga
tons 1t str up envy and hatred rather than the spirit of
mutual understanding and cooperation The other and less
numerous type tells the people great deal about their
porunes and obligations and nothing about their rights
their wrongs and their grievances The exploits the
wrongs grievances of those to whom is talking and
denounces the sins of other people who not present to
defend themselves to state their The other talks
the people about their duties and about what they to
themselves to society, and to the world"
--O-O