The Waterbury Democrat., 1935-05-31

(Continued from Page l.) of the socialists who with the com munists comprise the extreme left wing.
 He was received by President Lebrun at 2 a. rn., an hour after the cabinets defeat, and accepted officially at 9 a. m.
 As he did so, banks throughout France opened and business was resumed as usual.
 Exchanges to Open
 After consultation among the ministry of finance, the regents of the Bank of France and the pre- feet of police it was decided to open the exchanges. The franc maintained its recent level with the American dollar at the opening. The quotation for the dollar was 15.19 francs (6.583 cents a franc)
 Outside the big doors of the Bank of France three soldiers with bayonets fixed patrolled the streets When the bank opened there were IS men waiting to withdraw gold That there were not more was g factor which led to the decision to open the exchanges.
 Three automobiles stood in the bank courtyard, being loaded with gold destined for the flying field al Le Bourget, to be flown to Lon. don, and for Cherbourg and Le Havre, to go to New York by liner
 More Gold Going Out
 A big movement of gold was ex- pected after the Ascension day bank holiday yesterday, to add to the 7,G00,0 100000 francs ($460.- S10,00) that has gone from the country since May IT, to leave the Bank of Frances bullion stocks at an estimated 72,00, 100000 to 73,- 900, 100000, the lowest since Feb ruary 1882 and against the high of $S3,359,000,000 December 2. 1882.
 Flandin, i'll at his home from the effects of broken arm, and weak ened by his appeal to the chamber of deputies last night when he vainly sought a vote of confidence, directd affairs of the ministry of finance from his residence at the Palais Matignon.
 It was understood that Pierre Laval consented to remain as for eign minister, that Francois Pietri vas willing to sreve as finance min ister and that George Mandel would remain in his post as min- ister of posts.
 Flandin Fought To End
 Flandin went down fighting, by vote of 353 to POP against his demand for plenary powers to save the franc and balance the budget, with 8 threatened deficit of from 1000, 100000 francs ($46O,- S1o,oOO) to 1O,O0o,O00,oO0 francs ($65s,S00, ,000).
 He left his bed to appeal to the chamber in person. and tainted as he left the chamber after his speech. He won sympathy but not support and at a. m. he was de- feated.
 The chamber vote was not re- garded as one for devaluation, and indications were that any govern ment named would continue to fight against 1t. Bouisson said that if he were to serve, parliament must at once vote full emergency powers with out debate, Herriot must pledge his collaboration and the socialist groups must pledge support. Socialists Refuse to Act He met difficulties when the so- cialist party proper refused to join his cabinet as proposed, and the neo-socialists, republican socialists and French socialists declined to serve unless he altered the basis for the national union he hopes to effect. Despite the political situation, the stock exchange opened without unusual agitation at 12:30 D. m. (6:S0 a. m. EST9, reflecting some | firmness.
 Bouisson in an interim com munique said he would report to President Lebrun during the after- noon.