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COPY 1615 Rhode Island Avenue, N. W. Washington, D. C. May 28, 1951 PERSONAL 6 ARCHIVES AL 'NATIONAL SERVICE" RECOROS There are at least three arguments against the proposed initiative: (1) It would pull British chestnuts out of the fire at the expense of the American taxpayer. (2) It would be the greatest bribe in history. (3) The project probably would not work anyhow. All these arguments are cogent and have great validity. However with regard to (1) the fact remains that our in- terest in the "chestnuts", though indirect, is enormous; with regard to (2) we are accustomed to being obliged to pay through the nose for world peace but as against the prospect of really serious trouble in Iran, perhaps a war itself, $500,000,000 can certainly be considered a prudent investment; and concerning (3) we are forced to leave nothing undone in attempting to meet the crisis in Iran. Criticism at home for failure to make a great last minute effort to redeem the Iranian situation could be much stronger and more effective than criticism arising from (1), (2), and (3) . By now we should be hardened to criticism from the Soviet Union.

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    "ocrText": "COPY\n1615 Rhode Island Avenue, N. W.\nWashington, D. C.\nMay 28, 1951\nPERSONAL\n6 ARCHIVES AL 'NATIONAL SERVICE\" RECOROS\nThere are at least three arguments against the\nproposed initiative:\n(1) It would pull British chestnuts out of the\nfire at the expense of the American taxpayer.\n(2) It would be the greatest bribe in history.\n(3) The project probably would not work anyhow.\nAll these arguments are cogent and have great\nvalidity. However with regard to (1) the fact remains that our in-\nterest in the \"chestnuts\", though indirect, is enormous; with regard\nto (2) we are accustomed to being obliged to pay through the nose for\nworld peace but as against the prospect of really serious trouble in\nIran, perhaps a war itself, $500,000,000 can certainly be considered\na prudent investment; and concerning (3) we are forced to leave nothing\nundone in attempting to meet the crisis in Iran.\nCriticism at home for failure to make a great last\nminute effort to redeem the Iranian situation could be much stronger\nand more effective than criticism arising from (1), (2), and (3) . By\nnow we should be hardened to criticism from the Soviet Union."
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