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France explains that she understands that her signature of the

Pact- will not affect her alliances and agreements and that her • right of self-defence remains unimpaired: She points out that every sovereign nation must be the sole judge whether it is justified in recourse to a defensive war. She is content, however, to place these reservations on record and does not ask for them to be included in the Treaty. Thus Mr. Kellogg is the victor in the long contention in that he has kept all extraneous matter out of the Pact. But the French newspapers are sure that France is the victor on the ground that the Pact means very little. The most consoling reflection in these circumstances is that France has never understood America, and we hope that she is now misunderstanding her for the last time.

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