12 AUGUST 1922, Page 2

Mr. Edward Price Bell, the very eminent correspondent of the

Chicago Daily News, in his letter to the Times of August 8th, gives a clear statement of what is bound to be America's attitude toward the Balfour Note and to the whole question of international debts. The Note, he says, will be considered in America " a piece of dialectical mechanism, a sort of logical magic lantern designed to throw Uncle Sam on the screen as an international Shylock." Americans feel very keenly their political separation from Europe, and the fact that they entered the War with no desire for either territory or indemnity. Consequently, though America does not want to boast of anything, " neither does she, because of her conception of principle, want to be filmed before the world in an odious role."