Sir Rufus Isaacs, in replying to a resolution of confidence
in his action, spoke of "the calumnies" spread against him. He further stated that he would some day have a great deal to say on the matter. No doubt. We are bound to point out, however, that this talk of calumnies has a very false ring. It is the old device of selecting wild, reckless, and irresponsible statements and ignoring the real allegations, which are in no sense calumnious. If it means anything it means that Sir Rufus Isaacs' actions are to be above criticism. We certainly have no intention of being bullied by talk of calumny into acquiescing in the establishment of a precedent in the matter of Stock Exchange transactions by Ministers which would be deeply injurious to the public interest. If to protest against the creation of such a pre- cedent is calumnious we shall be proud to earn the title of calumniators.
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