All the Pan-American conferences in the world will not keep the United States out of another world conflict, unless Washington, in cooperation with the Latin-American desire for organized peace, takes bold steps to crush the opportunity for commercial profit from a foreign war. Politically this country is isolated from Europe, but not so commercially.

To achieve a lasting peace, the curbing of munitions makers and limitation of capital investments in foreign enterprises must be accomplished. If Europe had seen fit to intervene by force in Italy's rape of Ethiopia, the United States might easily have been involved in the horrors of continual bloodshed, through the cries for protection from large financial companies, whose foreign investments were being threatened.

Washington should refuse to be responsible for any individual whose person or property is endangered in a country at war. It is the fault of the American people if they don't know enough to stay at home and to keep their money in domestic pockets. Even Washington seems dubious of foreign entanglements, as they have recently forbidden American representatives to marry foreign-born women.

The United States cannot have peace, regardless of the good will of the Western Hemisphere, until she erects defenses against every possible motive for our participating in another European holocaust.