The Archive · 1934

Gold Clause on Appeal

Washington, Nov. 1

rency devaluation was challenged in he Amtrican Government's cur.

United States Supreme Court today when two cases involving the validity of the gold clause in Govern-orient obligations were appealed to that tribunal.

In the first case, Mr. John M. Perry Jot New York, who owns $10,000 wortir lof Liberty bonds, is seeking payment Jot $16,922, the present value of United [States currency as a result of the Jeurreney devaluation programme.

"Xt can only be hoped that before the strain becomes too great, that. other countries will be moved suffidently towards. re-stabilization to. allow devaluation, which would then be a conscious slop towards a general readjustment of monetary pari-Yes throughout the world.'—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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