Winner, Percy
August 1952
New Republic;8/25/52, Vol. 127 Issue 8, p9
This article reports that the amount of gold hoarded secretly at home and abroad is estimated, at between 3,000 and 3,500 tons, a tidy sum even for a country richer than France. The general opinion was that the U.S. had betrayed France, or at least given her a cruel vote of no-confidence and there was much talk of dire consequences. It remains a central fact that the French economic situation with its psychological impingement on popular support for Atlanticism needs the jobs created by the new armament industry.


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