GREAT BRITAIN: Parliament's Week: Mar. 4, 1935

The Commons—

¶ Peppered Sir Arthur Michael Samuel, one of Britain's greatest financial-legal experts and onetime Financial Secretary to the Treasury, for an opinion on the U. S. Supreme Court's gold clause decision.

Reluctant to speak out, Sir Arthur finally declared: "Stripped of juridical niceties, the effect of the gold clause verdict of the United States Judges is that words have no meaning. The verdict destroys the terms of contracts expressed in explicit language and operative in United States territory. The verdict destroys the reliance by Europe upon any contract of the United...

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