Show YANKEES MAY FIND PRICES I JUMPING SOON IN FRANCE FRANC i By Dy ANDRE ronner French nigh High cr rr to the United States Special Radio Dispatch to The Standard Standard Copyright 1926 Consolidated Press Association PARIS Jan The 9 9 The finance committee of the French chamber or of deputies begins n next t Monday studying the financial plans of or M DI Doumer Doumer- which have been elaborated elaborated during the D preliminary Y v vaca- vaca vacation vaca vacation a ca tion ion of ot this past wee week k This plan provides pro r for tor r five rive and halt andone-halt one halt billion francs In tn addition addition- additional additional al taxes besides the three billion francs voted three weeks ago For Forthe Forthe Forthe the first time there Is a substantial substantial substantial Increase In Indirect taxes which have been rejected heretofore at undemocratic Altogether M hi Doumer seem edema lent nt on a policy of ot deflation His Idea certainly la Is la good but It Is a question whether economic and andI political 1 circumstances wilt p permit Its realization HAVEN'T CAI CAUGHT GILT 1 U I Economically Iho ho danger Is that It Ir stabilization is effected prices I may take a sudden leap which will I calculations calculations- The French do- do domestic do domestic price I level has not yet et caught ht up with exchange rates rates- rotes today's prices are arc based on twenty francs tranIs to the dollar Instead of ot 25 But various Indications fore fore- foreshadow fore foreshadow shadow price increases and labor laborI I organizations arc planning appropriate action The miners reder Feder feder 1 I atlon a 1 well as the clerks union and civil servants have either demanded del de- de I l higher salaries or a slid slid- lug scale amounting to a gold sal sal- sal 1 I nr any ary In such circumstances circumstance any ny budget l balanced today may lilY be I tottering tomorrow and increased I pay to civil servants would mean not deflation but ln- ln InI j In-j I When government finances getsick get I i sick they always alway chase madly after at- at tir tt chimerical remedies which make the disease worse WONe Rising Ris- Ris RisIng Rl Ing prices as In Germany three I years ago would quickly boost Frances France's budget budet tar far above e the Pres pres- pres present ent eat forty billions On the political side the difficulties are arc equally great and apply not only to Doumer's plans but tu to any plan of or financial salvation Such salvation n requires rc rL lly Il Ity of or polle policy but such fluch a a condition i is not I le In Frances Francer pres pres- tnt pres-tnt c cat nt political situation ILL ALL MUST CONSENT A largo large fraction of or the Left Lett de- de dc claro war Hr r on Doumer's plan be- be be was fore rore It was published and yet plan cannot be adopted unless the tho opposition assents Moreover even ven Ir if this obstacle Is overcome no stable majority Is la possible In Inthe Inthe the chamber where communists socialists ra radicals moderates and con conservatives cs re-group re themselves weekly I The secretary of ot the treasury Inthe In Inthe Inthe the United States knew s 's when hI he heis heIs Is appointed that he Ite has four years cars before him France has had seven ministers of ot finance In ten months Therefore It Is Impossible to pre pre- predict predict pre predict dict success for any plan which requires long patient and continuous continuous I ous application and which cannot I be realized except by gradual de- de deI degrees grees da-grees- I grees I All this lead leads to the same eon con con con-cluelon namely that Frances France's i financial crisis Is dominated by po- po political po political Ii conditions Yet despite the I defects of ot Frances France's constitution thEre there have been cabinets which lasted But Dut they have been under strong leadership leadership Meline Wal- Wal Rousseau Wal Rousseau deck and Clemenceau-and Clemenceau such leadership Is lacking In th the public life lire of or France toda today So Frances France's crisis is r really ally a po- po political po political crisis or better a moral crisis Taxes may be a I sink sink- sinking sinking ing fund und created and debts settled ling but all of or these technical solutions will be fruitless unless the nation has two qualities In Its chieftain chieftain- chieftain will and character |