Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-26
Successor Likely to Be Mo-
reau, Director of Algeria
Financial Institution.
CHANGE LONG DESIRED
BY COALITION GROUPS
Retiring Official Stoutly Resisted
! Imitation or Use of Gold Re-
serve to Bolster Franc.

BY the Associated Press.
PARIS. June 26.--Rumors Of the
replacement of Georges Robineau AZ
governor Of the Bank of France were
virtually confirmed today with the
statement that official announcement
of his successor would be forthcom-
ing after Finance Minister CaillauX
had interviewed the banks regents.
NJ. Moreau. director of the Bank of
Algeria, it was said would be the
new head of Frances principal tinan-
Cial institution.
If NJ. Robineau leaves the helm of
Frances principal financial institu-
ton, ii will be the outcome of a long
series of conflicts between the bank
and the leading parties of the Radi.
cal.Socialist coalition.
NJ. Robineau and his entire staff
stoutly resisted all tendency toward
imitation, and objected to the issue of
paper money exceeding the limit au-
thorized by Parliament during the
Herriot administration, and recently
declined to allow any part OF the
banks gold reserve to he thrown on
the market to bolster up the franc.
IEeSStu IOt 81 W NUAu.
The Radical-Socialist leaders press
ed the government to use 900 900. -
900 francs in gold TO get back from
abroad several billion francs in paper
which. when thrown on the market,
caused slump in exchange.
The bank has always maintained
there was too much politics in the
effort TO renovate French finances,
and all the governments that have
succeeded one another since 1924 have
considered retiring NJ. Robineau.
His successor was even chosen
when NJ. Painleve formed his second
cabinet. the place being promised to
Senator Chaumet. NJ. Robineau's
friends say he would be glad enoue h
to be relieved OF his duties and de-
vote his time TO his collection Of
books. but he does not feel he wants
to resign while the situation is SO
difficult.
Debt Pact Assailed.
A radoubled barrage against ratifi-
cation of the Mellon. Berenger debt
agreement is laid down in editorials
by both the conservative and radical
papars this morning.
The Matin and lie Journal are prac-
tically alone in defending ratification.
lie Journal reveals the outline of a
bill by NJ Peret financial minister in
Brands ninth cabinet. which he was
prevented from presenting personally
and in which he Is said to have urged
the advantages of speedy settlement.
NJ. Romier, who was broached for
the finance post by former Premier
Herriot, sums up the situation in
Figaro. saying that the majority Of
bankers and financiers favor pas
sive ratification" of the Washington
agreement. while almost the whole
French opinion is hostile to it. The
viewpoints Of specialists and public
sentiment clash brutally."
CIemenceau Declined Task.
Emile Bure. writing in La Venier.
relates that he proposed to Clemen-
ceau and the government that the
Tiger should be made an ambassa-
dor extraordinary to Washington and
London to settle the problem. hut
Clemenceau replied: IF they had
given me time to finish my job per-
haps France would not be where she
is. Ny hour Is past. Let me die in
peace"
NJ. Caillaux is understood to have
told the new BRAND cabinet at a
meeting yesterday that the best pol
icy was to get the debt agreement
ratified if possible, although certain
clauses made parliamentary approval
difficult to obtain.
The strong radical group Is op-
posed to ratification unless a safe
guard clause based on German rep
arations can be incorporated to pro-
tect France.