-3-
 
      
 
 
at the outside of Britain end Chamberlain takes his policy 
      looking at the political situation here. If Chamberlain is successful 
      in working out some kind of a deal with either country, he will 
      be a hero; if he isn't successful, he will probably say, "I 
      have done the best I could to avert war; I have used every facility 
      at my command to make a trade with these two nations; I can't 
      do anything." The impression seems to be pretty general 
      among the banking and financial interests that this is probably 
      the way he will finally work himself out.
 
      
 
 
With all due respect to all these ideas, I am thoroughly convinced 
      and the heads of the various departments in the Government and 
      outside of the Government all feel that the United States would 
      be very foolish to try to mix in. All they are interested in 
      is to have the United States stay prosperous and build a strong 
      navy, and they feel that time will take care of their position 
      with the United States. This feeling is almost unanimous among 
      the top side people.
 
      
 
 
However, as I say, I am more convinced than ever that the 
      economic situation in Europe is becoming more and more acute 
      and if our American business does