National Affairs: Door Bolted

Franklin Delano Roosevelt locked the barn door last week and ordered a searching party out to look for the horse. The President with quick strokes of a pen affixed his signature to an order freezing all Axis assets in the U.S., along with those of all other European countries not yet frozen.

By so doing, he took a long-considered step toward war that he had long hoped could be avoided. Only a fortnight back, Secretary of the Treasury Henry Morgenthau, who for months had urged the President to take the step, virtually conceded that...