Sanctuary Scare

The Swiss peasantry were muttering last week. Prices were too high. Tourists were thrifty. Business was bad. In the midst of such talk Jean Musy, who had been Finance Minister for 14 years, resigned from the Federal Council. That was enough to start the rumor that Switzerland was going off gold. Firmly the Government scotched the rumor, announced that M. Musy's opposition on the Council does not want to go off gold any more than he does.

For centuries the "scared money" of Europe has lied to Switzerland before revolution and tyranny. Many a White Russian, German Jew, Austrian Socialist and anti-Fascist Italian has his money in Swiss banks. The Swiss know that if ever they go off gold, "scared money" will flee from Switzerland for new sanctuary.

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