Salt Lake Telegram | 1926-06-15 | Page 1 | French Cabinet Members Resign over Finances

FRENCH CABINET MEMBERS RESIGN ANCS Resignation Move Follows That of Raoul Peret Minister of Finance 2 REASONS GIVEN Briand's Refusal to Enlarge Enlarge Enlarge En En- large Ministry and Personal Personal Personal Per Per- Opposition Cited PARIS June 15 United Press Press Press- Premier Briand's ninth abinet cabinet re resigned re- re signed today The resignation followed that of Minister of Finance Raoul Peret who left the cabinet this morning complaining that he had been Unable un unable un Un- able to obtain essential support for his efforts to save the treasury from I bankruptcy I IP P PARIS RIS June 15 AP Raoul AP-Raoul Raoul Peret resigned today as French Frendl minister of finance Th The reasons for Cor M. M Perets Peret's resIgnation res resignation resignation res res- ignation are considered in au authoritative horl- horl circles ID tc Le e twofold Firstly Premier Briand's refusal to enlarge th the the ministry and nd- nd m make k kIt it a national union cabinet representing representing rep rep- resenting ill ull parties along the lines line of the the war cabinet Secondly the violent opposition against a project attributed to Peret Peret Pe Pe- ret h is regarded as s disguised Inflation The project would recommend recommend mend that all term short-term bonds and the existing fiduciary circulation ae ne declared to form a whole meaning that holders of term short-term bonds asking reimbursement would be paid In fresh issues of paper money WILL MEET AGAIN The c cabinet will meet again this evening to consider r th the situation Unless M M. is Briand-is abie abl to I within forty-eight forty hours a n new w minister who can bring to the support support sup sup- port of the government some of the moderate elements In the chamber I that supported Peret whole the can caD I met Inet is expected to resign PARIS PAnIS June 15 AP AP Resignation tion of ot the he whole French rench cabinet tonight was regarded as extremely extreme extreme- ly possible after this mornings morning's meeting at which Finance Minister Peret withdrew from the govern govern- ment TO OPEN WAY Several other of oC the ministers were in favor tavor this morning of a collective col cot col resignation tion so as to open the way to the formation of 01 an en entirely entirely entirely en- en new combination The cal cans cane M of M. M Peret's Perets retire retire- m m. m t were Fr Premier Briand's refu ul to form a national union government government govern govern- ment with all parties represented represent Continued on page 5 5 FRENCH CABINET MEMBERS RESIGN OVER FIN FINANCES ANtES Continued from page 1 and nd resistance both Inside and outside out- out side de the to some of ot his proJects projects which were ere thought to amount to o inflation RESISTS PERSUASION M. M of Peret resisted the earnest persuasion persuasion per- per suasion of President to remain emain in the cabinet because he elt felt It was Impossible to continue In n the face of ot Increasing difficulties ties les without sufficient support The opposition inside the government government government govern govern- ment came from from the radical ministers minIs minIs- ers who were continually urged to resist Perets Peret's plans by their colleagues colleagues col- col leagues In the radical group of the chamber hamber which never willingly accepted accepted ac- ac the Briand cabinet Indiscretion by some members caused a violet press pa campaign against the inflation which accordIng according ac- ac cordIng to Perets Peret's critics was in involved involved In- In In the finance ministers minister's scheme to put the paper money cIrculation circulation circulation cir cIr- cir cir- ind term short-term bonds In Inthe inthe the tho same basket