On Tuesday President Coolidge, speaking in New York, expressed his
thorough approval of the Experts' Reports on Reparations, and went on to say that if and when there were a definite settlement of reparations he would call a new international conference to consider further the limitation of armaments and the codification of international law. This speech shows plainly enough that America is gradually " coming in." Americans have shown the way to clear up the European muddle. It is for Europe to settle its affairs quickly in order that America may take her next step. How anxious President Coolidge is that that should be possible was proved by his appeal to his countrymen to participate in the loan to Germany. It is true that the President reiterated the American decision not to join the League of Nations, but that only means that America will not join the League in its present form. Modification is always possible.
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