12 AUGUST 1922, Page 2

• Although America's knowledge of international affairs is often reputed

to be slight, there are some things, says Mr. Bell, of which she is fully aware. She knows that the general European idea that she got rich in the War is a delusion. The War, so far, has cost her some twelve thousand million pounds, nearly twice the total reparations claimed from Germany. Her industries and trade are undergoing the severest depression in their history. Tens of thousands of her farmers are borrowing money to pay war taxes to save their land. Her war charities aggregate four thousand million dollars, only slightly less than the total British debt to the United States. None of these facts, nor many others germane to the argument, does America want to magnify. She believes that only by the exercise of sympathy, forbearance, restraint, and patience among nations can peace and co-operation be established, and " not by any rude jostling, nor yet by any lecturing, however ingenious, oblique, or felicitous, of one nation by another."