The honor of the U. S. Government was dragged through the dust last week and its good name trampled on the London streets. Even at home President Roosevelt was flayed as a breaker of contracts who had sullied his nation's integrity before the world.
Cause of the uproar and indignation was comparatively trivial. On May 2 matured a $239,197,000 issue of 2% Treasury certificates, "payable in U. S. gold coin of the present standard of value'' But President Roosevelt had forbidden all payments in gold on all obligations, public or private. U. S. certificate-holders...
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