News of the Week
The Naval Treaty AFTER a session of three months the Naval Conference on Tuesday, with appropriate ceremony, signed the Five-Power Naval Treaty. The heart of the Treaty is, of course, the agreement between Great Britain, the United States and Japan. The rest of it, though helpful and pointing in the right direction, is a small achievement. But the inclusion of the Three-Power Treaty within the Wider Treaty expresses a definite hope and makes a strong appeal. It will be the work of the years immediately ahead to persuade France and Italy to join in the act of faith to which the three Powers have already committed themselves. On the whole the American delegates have expressed more satisfaction than any others with the result of the Conference. This is quite intelligible. The extremely happy Anglo-American understanding seems to be nearly all -important to the nation of isolationists.
