If all Europe lies flat while the Russian mob tramps over it, we will then be faced with a war under difficult circumstances, and with a very good chance of losing it.

By providing outstanding economic leadership, this country can wage its attack successfully - and can thereby build the foundations of a peaceful world.

If these assets were set up as a revolving fund with which Japan could import raw materials for its industries, Japanese exports could again enter the channels of world trade-and Japanese workers would have employment and something to eat.

This country cannot afford the deceptive luxury of waging defensive warfare.

Moreover, the accomplishment of Russia's aims has been greatly simplified by the fact that we have heretofore offered the world no practical antidote for the Russian poison.

If all Europe lies flat while the Russian mob tramps over it, we will then be faced with a war under difficult circumstances, and with a very good chance of losing it.

For the only way in which a durable peace can be created is by world-wide restoration of economic activity and international trade.