Behind any improvement or change in French policy there is,
of course, the haunting and driving fear of financial failure which is spreading throughout France. This fear is kept very much alive by the slump of the franc, which on Tuesday fell to 105.4 to the pound, though within a few hours there was a recovery. M. Poincare had not an easy time in dealing with the Chamber of Deputies on Tuesday. He is now the subject of daily violent attacks. He might give up his task at any moment, but on the whole he is likely to hold on, if only because there is no suitable successor, and because it is thought that his downfall might make matters worse. It is significant that M. Gustave Merv& in the Victoire, demands a dictatorship as the only " way out " for France, and suggests that M. Millerand, the President, should be given full powers for six months.
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