Show J. J W. W T. T MASON SAYS SAYS- Axi ls Pla Plans to Bring g Japan Quickly Into Warl T B By J. J AV W. T. T MASON MASOS' United Press Iress AVar ar Ex Expert rt Coincident with the return of Count Ciano to Roene after Arter having signed the Gern Japa rin Italian Japa nese military alliance an Italian press iress campaign began Monday to get et Japan quicklY the war by Interpreting Americas America's aid to Brit- Brit tain ain aln as an act of hostility The he Tokyo government stated on Saturday Saturday Saturday Sat Sat- that no belligerency was yet discerned in Washington's activities l ties tics on behalf of Great Britain so that a possible wrangle among the signatories to the new pact looms as the ink on the document Is scarcely dry Italy needs navy reinforcements In the Mediterranean where the British fleet holds such control I that supplies of men and material I ICor for Cor Egypt pass unmolested through I Ithe the Strait of Gibraltar to Alexandria Alexandria Alex Alex- i and andria ria and Suez When Germany and Italy were pressing Japan for foran foran foran an alliance last year it was specially specially specially emphasized that Rome was counting on Japanese naval aid In the Mediterranean In the event of a European war Italy Wants Pants Help The negotiations were broken at that time because of ot the Russo- Russo German pact but with the new alliance now signed Italy's hope for naval help from Japan is rising again In no other way can the Italians have any expectation expectation expectation ex ex- ex- ex of trying to force some relaxation of Britain's domination of the Mediterranean Last year the Japanese naval authorities resisted the movement for tor an entente with Germany and Italy It must be assumed that they have no more desire today to rescue Italy in the Mediterranean nean Any such enterprise would require the sending of so large arge a war fleet to Europe that Japans Japan's home defenses would be wide open for Cor attack The Japanese have been placed in a delicate position by the triple alliance Germany and Italy would sacrifice them without compunction compunction compunction tion to the war in Europe if Tokyo were to allow Itself to be befooled befooled fooled Cooled into making a major dis dis- play Reflected in Bonds Bond A significant reaction to the triple alliance has occurred on the New York Stock exchange where German bonds have risen and Japanese Japanese Japanese Jap Jap- anese bonds have ha fallen Callen following the news of the pact The meaning meaning meaning mean mean- ing of this apparent paradox is clear If Japan were to enter the war warto warto warto to attack the United States Slates the presumption would follow that war warIn warin warm In m the Pacific might require sufficient sufficient sufficient suf suf- American effort to lessen the amount of material America could send to Great Britain This decrease of supplies for the war warIn warin warin in Europe while not improving the chance of the totalitarian powers powers powers pow pow- ers winning the war might improve improve improve im im- prove the possibility of oC a negotiated negotiated negotiated peace Hence German bonds have gone up But war in the Pacific would tax ta Japanese resources severely and whatever the outcome Japan would be gravely damaged in the end with her financial strength disrupted So Japanese bonds have fallen |