Salt Lake Telegram | 1925-12-20 | Page 27 | France Offers New Security

FRANCE OFFERS OFFERS' NEW NE SECURITY Industrial Leaders Offer Properties Properties' to Obtain Loan From rom the U U. S. S PARIS Dec 19 19 AP The AP-The The proposal pro pro- i po poal al of the industrial l leaders of I northern France to pledge their I properties as security for foi 01 a loan from the United elsewhere for the p purpose of stabilizing the franc and providing a sinking fund for the country's country 3 debts has given a anew anew anew new trend to the discussion of how how- to re-establish re French finances Manufacturers and business men in all parts of France approve of the s scheme hem and say everybody I must join hands nanas to put in effect this suggestion to restore confidence and the currency The cabinet took the plan under consideration this evening receIving receiving ing It favorably An outline of It was made known to the General Federation of French Producers which decided to appoint a commission commission commission com com- mission to study It it- iton on behalf of all business and industrial Interests In France Only a few socialists and extreme radicals throw cold water on the plan they contend that it It- shows a tendency on the pact of the economic economic eco eco- interests to interfere in politics It Is about time that someone interfered and threw a little business business busi busl- ness sense into politics said Deputy Nicolle himself a big manu- manu of northern France Fiance If It the politicians do not want to let the whole m matter ge get away from them they v will ill have haie to rally to the project Now that It It It- ItIs Is launched it has been beed received with tears leals of emotion by the head of the st state te and the head of the government government govern govern- ment and is heartily approved approved by right thinking people of all classes There is no longer longera a chance of stopping it