By criling that all obligations con-{taining the gold clause may be paid at face value in currency, Judge (Charles B. Fans of the Federal Court to-day upheld Federal legislation Jabrogating the gold clause in about $100,000,000,000 worth of bonds pay-fable in the United States.
The decision was given as a result fof the suit by the Bankers Trust Ca. in New York as trustee for a $24,548,000 issue of Iron Mountain Railway bonds.
The bank contended that Congress had no right to declare that payment in gold was contrary to public policy. [Counsel for the trustees of the railway, a representative of the Reconstruction Finance Corporation, and the Commissioner of Internal Revenue, contended that the abrogation of the gold clause was imperative jin view.of urgent economic condi-
Text read from the printed page and cleaned; old type leaves the occasional error.