Show BRIAND FACES QUESTIONS ON FRENCH POLICY Many Problems to Come Up as Assembles Assembles Re-Assembles B nr By ILIE GIR nE RE One of the o Forell Foremost t Journalists ot of France Special Radin I L latch to The Copyright 1925 by The Consoli- Consoli Consolidated Consolidated dated Press Association PARIS May The 15 15 The French political situation has not Im- Im Improved Improved proved It Is less critical than that of ot Francs France neighbors neighbors- neighbors Great Great Britain Poland Belgium and Germany but Germany but that Is poor consolation for most of events event happening In neighboring coun- coun countries countries countries tries are resulting from moro more or orIus orless less Ius successful efforts to stabilize the currency and aud these efforts cannot fall all to have ha Important repercussions In France The Briand cabinet has only 12 days dl's before the opening of ot par par- parliament In which to find remedies or palliatives for a number ot of circumstances which will cause violent It if undeserved ed attacks is h the cham chamber ber of deputies Disappointment at the tho failure of the peace negotiations with Abd EI the leader Is 1 much greater creator than had been ex- ex expected Everybody Is the right parties 1 because they considered 1 the negotiations useless use use- useless useless less and disappointing for th the troops troop In the tho field the ho I left ft par par- parties parties ties because they feel feet that not enough was done dono to obtain In I The prestige of ot two statesmen who ho stood a chance of ot succeedIng M Briand as 89 premier r ha has been eclipsed They are War ar Minister and General Steeg real real- resi resl resident dent general In Morocco Between now and the opening ot of parliament it will wili be difficult but pre haps possible for a de defense de- de defense to be reached In this do- do domain domain do domain main The Spanish Franco of- of of ot offensive Is progressing without too many losses ea Besides the govern govern- government government government ment Is preparing to buy off oft some of Abd El supporters If many desertions take place among the Rift RIff tribes as Is la probable It If the tha price paid is sufficiently high PremIer Briand will be able to tell the tha chamber of o deputies to that at events are going lass badly than the failure of peace negotiations ha led them to suppose LL OP OF O ril lIt C I The tall fall ot of the franc Is an- an another another an another other danger for tor the cabinet If the cabinet cornell cornea before parlia parliament ment mont with the franc at 3 cents It will be difficult to disarm op- op opposition op opposition position of the right and the left to the financial policy at hom bome and abroad Allusion is ts certain I to be made to the Mellon Mellon-Der- Mellon Ber eager enger debt agreement as one ono ot of the chief causes of the francs trane's fall and the argument will bo be heard that it would have been wiser not to negotiate The agreement will nevertheless be beI I ratified but in such a way that I Ambas Ambassador ador Berenger statesman as as he ho i is will be discredited tern tern- temporarily for tor his work at Washington The treasury situation remains firm thanks to the collection ot of taxes It I is Impossible to reprove the cabinet tor for the tho tact fact act that an Issue of ot treasury bonds falls due dueon dueon dueon on May 20 But the results of the voluntary subscription to the I franc defense detente fund will be criticized as providing an object les-fon les les- les leson lea eon on In Socialist violence against the tho wealthy classes classe The government Is setting great hopes for tor the exchange situation In the conversations started by byM byM byM M with Governor Norman of ot the Bank ot of of England and with Governor Strong of ot the tho Federal RC Reserve erve bank of ot New NewYork NewYork York who has just arrived In Paris for a a brief visit CAPITAL L la FIG hr Credit otters offers In dollars and pounds coming Immediately after arter the English general strike would permit the Bank of ot Franco France and other French banks to start izing izig tho too franc at a better better belter rate which would have hae an excellent effect in economic and financial circles and would cause the Paris stock exchange to regain Its firm firm- firmness firmness ness neBS Capital has been tight lately because of ot the high taxes and the danger of o violent curren curren- currency currency currency cy depreciation I i Franc stabilization will be Ie ot of greatest Importance when gov- gov ment gov-ment ment officials begin agitating for higher salaries to increasing costs of living Besides It will allow the government to hold oft ott political threats directed against threats It-threats threats which have no sense for tor If it Briand falls talis one wonders who will succeed him and on what majority his successor will depend 00 |