On the first of February Monsieur Caillaux visited his constituency of Mamers. The _Figaro_ on that day published a long and bitter article describing the misdeeds of the Minister of Finance since his entry into politics. On the 2nd it published two columns more containing a sarcastic appreciation of Monsieur Caillaux’s visit to Mamers. On February 5, Monsieur Caillaux was accused in the _Figaro_ of postponing the French loan and so inducing French investors to place their money elsewhere, notably in Italy. On February 7 the _Figaro_ accuses Monsieur Caillaux, of “continuing to earn the gratitude of the Triple Alliance.” After adjourning the French loan and so facilitating the success of one Prussian loan, and the preparation of a second, “Monsieur Caillaux,” he is told by the _Figaro_, “has enabled the Hungarian Government to contract a loan of twenty millions sterling.” “When all our enemies have filled their Treasuries,” says the _Figaro_ of February 7, “perhaps Monsieur Caillaux will make up his mind to reveal the great plans and schemes to which he has subordinated the eventual issue of a French loan.“ On Sunday February 8 the _Figaro_ contented itself with publishing a photograph of Monsieur Caillaux, and making fun of it, but day by day no number of the paper appeared without an attack on him of one kind or another. On February 11, announcing the Finance Minister’s resignation from the board of the Crédit Foncier Argentin, Monsieur Calmette comments on it in these words: “Monsieur Henri Poirier, an intimate friend of Monsieur Spitzer, has taken his, Monsieur Caillaux’s, place provisionally. When Monsieur Caillaux wishes to return to the board there is no doubt that Monsieur Poirier will make way for him.” On February 19, commenting on the statement in the Senate of Monsieur Caillaux, two days before, that he had never said in 1901 that a Minister of Finance would never consent to interfere with all the taxes, the _Figaro_ gives him the lie direct, quotes the speech he made on July 4, 1901, and declares that it is a complete condemnation of his whole fiscal policy at the present time. On the 20th Monsieur Calmette returns to the charge, compares several speeches of Monsieur Caillaux made at different dates, and comments on them in these words: “Monsieur Caillaux modifies his declarations and his financial programme according to whether he is a Minister in power or anxious to become one, according to whether he is speaking so as to remain in office or speaking against the Ministry so as to overthrow it.” On February 25 Monsieur Gaston Calmette returns to “the secret combinations of Monsieur Caillaux,” and the big fine of £325,000, “which was imposed but never collected,” and ends his article by the accusation that Monsieur Caillaux, for private reasons, authorized a loan issued by a South American bank after the authorization had been refused three times by his predecessor Monsieur Pichon. On Thursday,