A rule in the Gran Chaco War between Bolivia and Paraguay is that the winning side turns down the League of Nations' peace proposals. Just now little, poor Paraguay has pushed big, rich Bolivia clean out of the Chaco back against the key fort commanding the Bolivian oil fields. Just now Bolivia will listen to reason from Geneva, but Paraguay talks only victory. Last month the League, nettled, advised its members to clamp their arms embargo down hard on Paraguay, lift it entirely from Bolivia. Last week Britain, France, Italy and...

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