THE CABINET: Greatest Show

Came Dec. 15 and the welching of European states on their war debts to the U. S. had almost ceased to be news. Editors tucked it away last week on inside pages, gave front page play to a blast from H. R. H. Prince Louis of Monaco that his Government will ask the U. S. Supreme Court to compel the State of Mississippi to make good on $100,000 worth of its defaulted bonds of 1831 to 1837, now owned by the Principality.

That the U. S. may "sooner or later'' default on Liberty and...

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