THE CABINET: Debts & Defaulters

The Attorney General is not a law maker but last week he made what amounted to a law. Lately Congress paved the U. S. statute books with a good intention when it enacted the Johnson Law, forbidding any U. S. citizen or firm to float loans or extend new credit to any foreign government in default on its debts to the U. S. Unfortunately the Administration itself did not know what that meant. Secretary Hull had to ask Attorney General Cummings whether: 1) a nation that had made token payments on its War...

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