The Waterbury Democrat., 1938-05-17

war risk" was remote at present, and that war in Europe would not neces- sarily mean a World war.
 Tt is true" he said, that Britain stands nearer to the danger zone. That is admitted. But submarines and airplanes are just as menaclng to America today on account of the extension of their range of effect iveness as they were to Great Brit ain when the last war broke out.
 Britain, of course, should do everything possible to get Into closer relations with the United States. It must be obvious that the United States will be strengthened in relation to the same menace (War in Europe) if there are closer relations with Great Britain"
 Replying to a question concern ing the possibility of the United States becoming involved or aiding with war materials in conflict be- tween the totalitarian and demo- cratic states of Europe, Lord Bea- verbrook said:
 Could Not Answer
 T cannot answer that because l do not believe in war between total itarian regimes and dcmocracies For instance, Russia, an ally Of France, is a totalitarian state. There are no real signs of clearcut divi- sion between the two philosophies of government. Besides, hope that both the United States and Great Britain stay out of the next war. A war in Europe does not necessar- fly mean world war"
 Returning to the subject of the war debt, he observed that British public opinion was far more friend ly to the United States today than during the Uncle Shylock" phase when the question was stirring up bitterness.
 "The debt had been contracted in an hour of peril, and Great Britain had lent far more to foreigners for which payment had been forgiven, ' he said.
 Our position was like that of a bank in a crisis which is unable to meet its obligations.
 Gold Clause Episode
 We know that Americans have a better understanding of our trou- bles since the United States has been forced by circumstances to abrogate it's gold clause. Many British holders of American bonds including myself, contracted to pur- chase such bonds for repayment in gold, And we make no complaint now because repayment is made in American currency.
 With an understanding Of these trials on both sides of the ocean we shall one day reach a point where we can wipe out the deficit on terms satisfactory to American tax payers"
 Debt Not Taken Seriously
 He said he believed the war debt question had no bearing or Anglo American relations.
 Tt Is, of course, sometimes dis agreeable" he said, to hear de- nuciations of our country on this score. We do not like to be called welshers. That is only natural"
 Lord Beaverbrook then suggested that American airplane manufac- turers should establish branch fac- tories in Britain.
 There are those manufacturers who will say that Britain is toe near the storm-center for the ir- vestment of American money in plant property" he said. But those who study the situation here agree with me that the risk of wal Is remote at present and for some time to come.
 Sever Entanglements
 "The only danger to Great Bri- tain lies in our European entangle- ments. And these are being steadily severed one by one until at last only single tie with Europe re- mains. That is the understanding to defend France If, in our opinion that country becomes the victim ol an unprovoked aggression. It is 6 nebulous engagement and difficult to define in any hypothetical cir cumstacnes. Similar engagements by the French in Europe have proved to be ephemeraI and ol shadowy form. Tn truth. they have been without substance.
 Tt is in any case 8 profoundly mistaken view to believe that wal in Europe must necessarily involve the world in war. That has no, been the experience of the past Even partial submergence of tht ernment chose to accept the mo- tion as a vote of censure and thus stake it's life on the outcome. be. cause the demand is a charge ol