Show COLLAPSE Of 1 fRANC FRAC YEEK'S VII At German Buyers Rapid Advantage Of I Situation or nr WILLI I M p CorTe- CorTe 1 01 Ut nt CO 1924 1921 by The Con oll- oll dated Press Pres Association Collapse of at tho the French franc fran has been hoen the outstanding e of tIle tho vc celt lc In LUI ope Whatever r Is tIe the real renI cause cans for tor the latest att con cn decline and I reasons eason have havo been th mot most galling result from the tho French It William Db points out In his IrIs despatch toda Is the tOm wits way wa In which buy buy- buyers buyens buyers lis ers ens in Paris has ha hae ha e been halting ad- ad ad antage anta e of at the tho PARIS P March t S iho Germans ba base bae e at last reached Paris Parl After two t 0 defeats ts at the Ille Marno they ne ne cr er discolored ered that the road to tho the 11 cap capital It'Ll lies lie rot Flanders Handers fields where the tho th grow but through the tho stock exchange Paris today Is 0 overrun errun i II h German bu buyers buers erB who taking an adsan- tage of at the tho panicky collapse ot of otho tho franc tronc and nd the 0 stahl- stahl It of ot the th ne nets ne German mark ale arc ao bu Ing goods goads in irs car car car- carloads carloads loads for tor shipment to German Thus the tite mo ement of ot trade trado is i l exactly re re from tram what nhat hat It was wasa wasa wa a sear ear ago whets when the tho French acre ere raidIng German Geiman markets Pails Palls bankers report the tho open open- openIng Ing of ot many new accounts account In German Get Gel Getman man names namen and largo large transactions III ate aie e being cco rise decline of the franc Isa ha astonished t cn en those I who ho a ae abeen e been most pessimistic few lew he- he believed it could possibly tall fall all boots beo 4 cents but nith Ith Thursday s state te mont of ot the Bank of oC Pall Paris Pails re rc ell Ing a billion added Inflation inflation tion together ether s ItI disappointment tI and vagueness at the thC change e of at tl re reas was as wa a rush to get 11 out front from under and nobody cems cem 1 I to predict just when hen the tho francs will reach botto bottom botton The Tho fate fato of ot the franc depends depend entirely on whether hether the l gO gOCI CI deliberately adopts adopt nd an n inflatIon n policy The rhe recent Ir- Ir lotion has been ben necessitated 1 i pi es of or t term terms r p ij x I I for redemption About cOO unO francs of t thil paper papel are aro I- I og ing gnu ana rn slow law or the tue shrinkage man holders are aro anjou to tr n the Ir ments to sounder Therefore redemption It H demands for or tion ion continue It Is In certain tl that t further Inflation must follow folIos The acdonald co commo e seems to ha hate ha produced d da a most loSt unhappy effect I commentators ask ak why the thc they do ao donot not send each other oilier picture po post post- postcards I- I tard cards which would have hate as t greit ere It effect stud and nd ease fa ie postage tamps Tho Time real rell effect o of these thc c new lIew let let- I tei tm x wa was wab to show that neither go- go sinthe eminent has done clone anything since the tho 11 e elous lous c c canco cange of ot miss c to toward reaching a setti ment mont Of Ot couise couo tho the excuse offered is that nothing can be bedone done until 1130 00 tho experts e repot t but hirt b unless unies the tho experts clients finish their lob Job b PI HIb elly promptly their I HI b hr out dated b by e events While they have lIa ve been Ing Ine the th German currency currency has been going gain to ruin There Thera Is e every esery ery hope that tho ot- ot c i still III find some sense a adequate eQ ote te tor for the tho problems th Ih hey Y v serc g gisen en to deal Jeal with but It Is Isnow la now floss apparent that thoo m are aro not the tho mot most urgent In Europe Confidence Is la what hat Eu opo lacks lac most mot at thia this time arid and this I Is no- no c caus essential peace Icaco does not e- e e c bt lit Itt No hellO better illustration need ne be Ll offered than while hUo cabinet has reduced budget mates It has bas not anI educed reduced i air lr estimates but has actually In- In 1 created creased them This TOils tact speaks speak more mora eloquently than Macdonald Macdonal a 8 words ord about sUsan nt in his ble letter lettel to Polecat e C l Vi Itis Fran arid and England running an all air lr arm arm arm- ament armament race Confidence In an era ot of peace p ace and nd good wilt will will still lIt hOt i come easU easily n |