If any way can be discovered to get around the Johnson Act which bars U. S. loans to delinquent debtors of the World War, such as Britain and France, these two nations must find it by diplomatic means before they have to fight, and therefore have to borrow, again. Last week the surprising statement issued from the White House that Walter Runciman, who holds the unspectacular British Cabinet post called President of the Board of Trade, is an "old friend" of Franklin Roosevelt and was arriving to spend a few days under the...
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