NEWS OF THE WEEK
LAST week we were able to record as we went to press the fall of M. Herriot's Government, which occurred even earlier, by twenty-four hours, than was expected. It fell amid general expressions of annoyance with the Premier and impatience with the politicians as a body. M. Poincare was recalled to the place from which M. Herriot ousted him two years ago. The Chamber and Senate sat until they carried one piece of emergency work, namely, M. de Monzie's Bill to save the Treasury from failing to meet charges due. By this the rest of the American dollar credit, worth 14,000 million francs, was transferred to the Treasury account with the Banque de France. This action and • Poincare's return brought the franc back to about 200 to the But the Banque demanded power to increase the note circulation by the value of the dollars received. The Treasury is replenished for a time. Et puffs
