Foreign News: We are Not Defaulters!

Decorously last week London bankers alluded to the days when Britain was really profligate—days when she had borrowed nothing from undiscovered America; days of glory when her conquering Edward III, founder of the gallant Order of the Garter, proclaimed himself King of France; days of shame when he beggared the Florentine bankers who had financed his victories by brazenly defaulting Britain's war debt in the year 1339 A. D.

It was a fine thing to say in London last week that not since Edward III had a British Government defaulted. His Majesty's Government...

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