L'argent

Nowhere is the constant struggle between art and commerce so apparent as in the world of Film and in this distinctly loose and updated adaptation of Emile Zola's novel depicting the evils of financial speculation, director Marcel L'Herbier is pointing the finger at the money men who feel that their profit-driven investment gives them the divine right to meddle in the creative process. Ironically, L'Herbier would have been unable to make the film without its being financed to the tune of five million francs!

The tug of war between director and producer resulted in the latter excising thirty minutes from the film and not until its restoration half a century later were the lost scenes restored. Indeed it was not until the restoration that the film's acclaim finally matched its reputation and it has belatedly been acknowledged as one of the true masterpieces of silent cinema. As a bonus this same restoration has gifted us a highly charged score for piano composed and played by Jean-Francois Zygels.

The technical virtuosity of this film is simply stunning with the sweeping camerawork of Jules Kruger, low and high angle shots and Eisensteinian montage. L'Herbier's love of Art Deco is again evident in the magnificent sets designed by Lazare Meerson and André Barsacq. We are also treated to spectacular scenes in the Bourse, the fictitious World Bank, the Place de l'Opéra and the piéce de resistance, the financier Saccard's evening party.

L'Herbier has made sure that his film's immensity does not diminish the characters. This is surely Pierre Alcover's finest hour as Saccard, a monster of greed and rapacity who is also a pitiful creature. By arrangement with UFA the film also stars Brigitte Helm and Alfred Abel, both fresh from 'Metropolis'. Miss Helm as Baroness Sandorf has never been quite as sinuous and sensuous as she slithers around encased in Jacques Manuel's fabulous costumes. As she writhes on the sofa she epitomises the sheer carnality of wealth. The slight frame of Alfred Abel as Gunderman is in striking contrast to the corpulence of Alcover as his arch rival and his reptilian-like portrayal makes one think what a marvellous Professor Moriarty he would have made. As a contrast to the slinky Baroness we have the full-figured Marie Glory who is at her most appealing here in probably her finest role as Line Hamelin who is intoxicated by the lifestyle offered by Saccard's money but is not prepared to pay the price required. Dramatically effective is a rare appearance on film of Yvette Guilbert, former cabaret artiste immortalised by Toulouse-Lautrec, as a figure of Doom whose presence has always haunted Saccard and is there to witness his downfall.

This monumental piece is L'Herbier's greatest achievement and in his own words, 'the summit of my silent career'. No true cinéfile I am sure would disagree.

It does not matter that this is adapted from Zola, and generally received then and now as a prestigious release that should be accorded a place in history. It matters because it's one of the most striking films in the transition towards a cinema that does not merely chronicle life, whose primary means of expression is no longer drama and does not aspire to emotion, but instead sculpts from space and uses the camera as a calligrapher would a brush.

There is a match-cut from the engine of a plane to a madly spinning camera looking down from a ceiling that is perhaps the most impressive in the entire 30 years of cinema until then. And there is a lot of the camera choreographed to dance, or painting with our gaze incomplete motions across rooms.

Resnais would take all this thirty years later to revitalize French cinema.

Story-wise, it is about two puppet-masters vying for the control of the same world. The film begins on the level of the stage, the stockmarket, this new temple of the modern world devoted to capital, and pulls back to reveal who holds the strings, who re-invents the broadcasted reality.

Like Zen calligraphy, this is not about the painted signs on the scroll and what they mean, but the disciplined soul revealed by the flow of ink. Watch it like you would unfold a scroll, the ink is in the image.

A masterpiece of film making, the thoughtful and observant will find much to enjoy in it. The use of camera angles and light/ shadows is astonishing at times. Then pause to consider the electrifying timing of this film - released a year before the Wall Street crash and when the National Socialism was on the rise in Germany. Then the performances - the unforgettably snake-like Baroness or the innocent beauty of Line. Then look at the expansive sets and the breathtaking - and authentic - late 20's wardrobe and art deco styling. The chessboard motif, the puppet masters inhabiting rooms behind rooms behind rooms. And the Gatsby-esque party scene against which the plot finally unravels, cutting back and forth in a giddying climax. The build-up of suspense in the radio broadcast... The intoxicating rush of the Paris crowd scene... It's easy to poke fun at a silent film and moan about its pace, which was pitched at the audience of 96 years ago; for those who have the patience to watch and appreciate it for what it is, L'Argent is a bloody brilliant film.

L'ARGENT is one of those movies whose reputation has soared over the last 50 years after being virtually forgotten shortly after it's release in 1929. Some of that had to do with the coming of sound, some of it with the worldwide Great Depression which it foreshadows and some of it with the fact that it is not an easy film to appreciate. Its stock began to rise (no pun intended) during the 1960s when the French concept of the director as auteur started to take hold. Director Marcel L'Herbier being French certainly didn't hurt.

The plot, taken from a novel by Emile Zola, about stock market speculation, is as timely as ever. Saccard, an unscrupulous banker, tries to manipulate the French stock market through speculation. He is opposed by another banker, Gunderman, who advocates caution and stability. After a brief downturn in his fortunes, Saccard uses a Lindbergh like aviator to try and return to the top. He also has designs on the aviator's wife. It all plays out at a massive dinner party which is the movie's major set piece.

The performances of the three male leads (Pierre Alcovar as Saccard, Alfred Abel as Gunderman, and Henry Victor as the aviator) are very good while the two female leads (Brigitte Helm and Mary Glory) are less so. This has more to do with their roles being underwritten then anything that the actresses do as performers. Poor Brigiite Helm as Baroness Sandorf seems little more than a stylish clotheshorse. All she does is pose and pout as a spoiled aristocrat. Mary Glory as the aviator's wife has a more substantial role.

This brings me to the biggest issue that I have with L'ARGENT. While not denying the film's reputation in some circles, I found it to be visually overdirected in the manner of L'Herbier's contemporary Abel Gance or in the later movies of Orson Welles or Stanley Kubrick. Many critics praise the film's non-linear visual style with its constantly moving camerawork and quick cut editing which are in effect throughout the 150 minute running time. However I find that these cinematic tricks get in the way of rather than enhance the story.

I first saw L'ARGENT in the 2009 Eureka Region 2 edition which ran 165 minutes. Although that version was the best one available then, this new 2019 Flicker Alley Blu-Ray surpasses it. In addition to having a better picture and tighter running time, it comes with a choice of 2 different orchestral soundtracks. Like the Eureka release it also comes with the remarkable documentary THE MAKING OF L'ARGENT also done in 1929. While it left me cold, L'ARGENT is an important film and an absolute must for lovers of silent cinema...For more reviews visit The Capsule Critic.

After the financial crisis of 2008 a lot of (anti) Wall street films were released, such as "Margin call" (2011, J. C. Chandor) and "The big short" (2015, Adam McKay).

Films about the financial system (not necessarily about Wall street) are however nothing new. In 1928 Marcel L'Herbier adapted a novel of the same name by Emile Zola. The novel of Zola is situated in the second half of the 19th century but L'Herbier modernizes the story to the roaring twenties. Contrary to the above mentioned movies L'Herbier made his film before the crash of 1929.

By the way in 1983 Robert Bresson made a film of the same name. This is however not an adaptation of the same novel by Zola, but an adaptation of "The forged coupon" by Leo Tolstoy.

In "L'argent" there are two rival capitalists. The hot blooded predator Nicolas Saccard (played by Pierre Alcover) and the cold blooded reptile like Alphonse Gunderman (played by Alfred Abel). Neither of them is very sympathetic.

On top of these characters Brigitte Helm plays with baroness Sandorf a sort of "femme fatale" avant la lettre. Avant la lettre because the film noir would appear much later.

The storyline is not the best part of the movie. It is rather simple and is rushed in the last fifteen minutes. The storyline revolves around the slogan "Money is a faithfull servant but a terrible master". This combination of a quasi profound slogan and simple storyline reminded me of the slogan "Head and hands need a mediator. The mediator between head and hands must be the heart!" from "Metropolis" (1927, Fritz Lang) a year earlier. This is not the only link between the two films, because Alfred Abel and Brigitte Helm also played in "Metropolis".

The strong point of "L'argent" is not the storyline but the ambiance. With very innovative cinematograhy the film sketches the hectic, oppurtinistic and sometimes panicky atmosphere at the stock exchange. Tribute to cinematograhper Jules Kruger, who also made "Napoleon" (1927) with Abel Gance.