NAVAL MESSAGE
                       (NAVY DEPARTMENT)
 
PAGE 20
 
PRESIDENT ROOSEVELT IN TEN MINUTES, ON THE FOLLOWING BASIS:
 
FIRST, GERMANY IS READY TO RESPECT ENGLAND AS A GREAT WORLD
 
POWER; IN LIKE MANNER SHE IS READY TO RESPECT FRANCE AS A
 
GREAT POWER- BUT GERMANY DEMANDS IN RETURN THAT SHE ALSO BE
 
RESPECTED AS A WORLD POWER. SECOND, IF THESE WORLD POWERS
 
RESPECT ONE ANOTHER THEY CAN MAKE PEACE. THIRD, ONCE PEACE IS
 
ESTABLISHED, ARMAMENTS CAN BE REMARKABLY REDUCED, AND THE LABOR
 
THUS RELEASED CAN BE EMPLOYED FOR MORE PRODUCTIVE PURPOSES,
 
FURTHER, BY MEANS OF A BETTER ORGANIZATION OF INTERNATIONAL TRADE
 
IN HARMONY WITH THE SUGGESTIONS MADE BY PRESIDENT ROOSEVELT, THIS
 
LABOR CAN BE READILY ABSORBED BY THE RESULTING IMPROVEMENT IN
 
OVERALL ECONOMIC CONDITIONS. MEANTIME, UNFORTUNATELY FOR THE
 
INTERESTS OF PEACE, ENGLAND REFUSES TO ADMIT THAT GERMANY HERSELF
 
IS ALSO A REALITY AS A WORLD POWER.
 
THIS CONCLUDES THE OUTLINE OF THE DISCUSSION WITH CHANCELLOR
 
HITLER.   
 
                                   YOURS RESPECTFULLY,
 
                                        JAMES D. MOONEY