Show CABINET RESIGNS I V I I Iw PERET GOES OUT FOURTH MINISTRY TO FAIL BY REASON OF POSTWAR FINANCE FINANCE FI FI- F- F NANCE DIFFICULTIES National Union Body or Herriot May MayBe MayBe MaySo Be So Solution of Present nt Crisis Briand's Ninth Cabinet M. M Caillaux May Return Paris Premier Premier Briand and his entire entire en en- tire Ure cabinet resigned This TIllS was the fourth French government and the eighth French minister of finances to fall by reason of the tho financial difficulties born of the the war It was Brands Briand's Bri Bri- ands and's ninth cabinet M. M Peret who has been struggling valiantly at the head of the finance ministry started the crisis by withdrawIng withdrawing withdrawing with with- drawing from of office rIce before the cabinet meeting He insisted on abandoning his 1118 post despite pleadings of the presIdent president president pres pres- ident of the republic and tho premier because the essential support on which he had counted for a solution of tho the financial problems and the protection protection protection pro pro- of the franc was lacking The essential support to which M M. Peret referred was variously interpreted ted according to political leanings Those close to the outgoing minister assert that he meant first the fact that there was no stable majority In parliament In the stringent measures which were necessary to clear up the tho situation and second to the differences differences differences differ differ- of or opinion that had developed between the minister and the Bank of France and some of the members of the special committee of experts appointed appointed appointed ap ap- ap- ap pointed to recommend a means of stabilizing the franc The socialists declare that the Bank of France failed utterly to support the minister in defense of the franc The Thc socialists however favored using part of the banks bank's gold reserve as a pledge for wide operations to protect the franc a policy which was little favored favor favor- ed by the other parties The impression Is that M. M Briand may now that the way has been cleared clear ed form a national union cabinet representing representing representing rep rep- resenting all the parties in parliament In case he declines to undertake this difficult task of reconciling all aU the parties the return to power of Edourd Herrio the socialist leader with a cabInet cabinet cab cab- inet met formed exclusively from the coalition coalition coalition coa coa- of the left is talked of while there are arc timid suggestions that the hour may have struck for the effective return of M. M |