Last week U. S. naval strategists concluded that in getting leaseholds on eight British base sites (see map), the U. S. had gained the equivalent of five new battleships. An Army man might have said: 2,500 airplanes, or an Army corps, or perhaps a couple of new armored divisions.
No such comparisons conveyed the full import of the protective chain which the U. S. acquired. Their real value is to complete a U. S. defensive ring around the Caribbean and provide real outposts against attack from the Atlantic. But the biggest all-over value...
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