FRIDAY'S PROTEST against a Honeywell Corporation recruiter, the largest demonstration here since the spring of 1972, is a heartening indication that students haven't lost their capacity for outrage. Honeywell helps enable the United States and General Thieu to visit death, repression and devastation on Indochina--as the company's nature as a profit-seeking manufacturer of weaponry compels it to do.

Imperialism cries out for opposition at all times and places, but students have a special responsibility to protest when its perpetrators try to turn the university to their own purposes, by making it a breeding-ground for personnel--as Honeywell would like to do--or by using it as a legitimizing stamp--as Gerald Ford may hope to do by speaking to a pre-selected, friendly audience of Republican students next month.

Friday's demonstration should be just a small part of an ongoing campaign that doesn't end until there's real peace in Indochina and the world.