Dollar Delays.

Everything that has occurred during the month serves to confirm the idea that Roosevelt experiments with the dollar in the United States prohibit, for the present at any rate, any Roosevelt commitment as to what the dollar is to be worth abroad. An international stabilisation of money values seems to presuppose stability of the several money units, each in its own country; at any rate, a stable pound, a stable dollar, and a stable franc would appear to be a necessary starting point to a world-adjustment of money as a measuring rod of value. But American internal policy, with its permissive powers to inflate, gives no guarantee of dollar stability. How, then, can the United States Government enter an international stabilisation?