-5-
 
      
 
 
My own belief, on that plan you discussed with me, is that 
      the time is going to come, after Chamberlain has made the political 
      offers necessary, for you to make a worldwide gesture and base 
      it completely on an economic stand, but it should be entirely 
      a question of proper timing. There is nothing, I believe, that 
      could possibly be done at the moment. The obligation of finding 
      a way to accelerate trade and get business started in all these 
      countries should come when there is a mad desire on their parts 
      to have you do it. To my thinking, that is bound to come, and 
      the proper entrance into the field at the right time will make 
      world history never to be forgotten, and it isn't something that 
      may have to be done, it is something that will have to be done.
 
      I am getting some rather strong convictions on personnel and 
      methods of organization, but that will wait for a while.
 
      
 
 
I think I have made a fairly good start here with the people 
      and seem to be getting along reasonably well with the Government 
      so far.
 
      
 
 
On the 31st of this month I am going to take the American 
      point of view on the Merchant Marine at a banquet here in London 
      of all the steamship operators and