es, to Chambers of Commerce and Boards of
Trade, to merchants' associations, to colleges and universities, to
university clubs and alumni associations, to all patriotic
organizations, to all women's clubs, and to all American citizens."

"Until a satisfactory plan of disarmament has been worked out and agreed
upon by the nations of the world," says a statement, "the United States
must be adequately prepared to defend itself against invasion. A
military equipment sufficient for this purpose can be had without
recourse to militarism. The league was formed as a preparation not for
war, but against war."]

BY THE NAVY LEAGUE.

[From THE NEW YORK TIMES, May 12, 1915.]

The Navy League of the United States, of which General Horace Porter is
President and which includes in its membership Herbert L. Satterlee,
George von L. Meyer, Beekman Winthrop, J. Pierpont Morgan, Governor
Emmet O'Neal of Alabama, Senator James D. Phelan of California, Cardinal
Gibbons, Theodore Roosevelt, Elihu Root, Edward T. Stotesbury, Benjamin
Ide Wheeler, Joseph H. Choate, George B. Cortelyou, C. Oliver Iselin,
Seth Low, Myron T. Herrick, Alton B. Parker, and scores of other men
prominent in the public and business life of the country, through its
Executive Committee adopted a resolution yesterday calling upon
President Wilson to call Congress in extra session to authorize a bond
issue of $500,000,000, which sum, it is stated, is "needed to provide
this country with adequate means of naval defense."

[Illustration: RAYMOND POINCARE

President of the French Republic Since Feb. 18, 1913

_(Photo from P.S. Rogers.)_]

[Illustration: THE RIGHT HON. H.H. ASQUITH

Prime Minister of Great Britain and Ireland

_(Photo from Brown Bros.)_]

The resolution, which was adopted at a session at which members of the
Executive Committee consulted by long-distance telephone, some of them
being in Washington and others in New York at the Union League Club,
read:

"In view of the crisis in our foreign relations, we, as
representatives of the Navy League of the United States, express our
emphatic belief that Congress should be immediately assembled and that
measures should be taken at once to strengthen our national defense. Our
most pacific country should, because of its supreme love of peace,
possess preponderant naval strength and adequate military strength. A
large bond issue of, if necessary, $500,000,000 should be authorized at
once. These bonds wo