Washington, May 31.
The United States is now fully aware of the dangers it would be faced with should Germany prove the victor in the European conflict, iul Veries McNutt, democratic candidate to the Presidency, declared.|today in a speech at Arlington Cemetery on the occasion of Memorial "During the next few weeks, or e|perhaps days, our country may be called upon to take decisions of vital importance for the future," he said. "Should the Japanese make any move towards the Netherlands East Indies, we would be faced with a serious problem. We would have to ask ourselves whether we must withdraw forever from Far Eastern affairs, abandon our obligations to the Philippines and our voice in Far Eastern problems."
Mr. McNutt then outlined the future of the United States if the Allies were to lose their war against Germgny and the latter seize all or a partof the British and French fleets. The United States, he said, would have fo occupy all islands in the North Atlantic and Caribbean Sea.
"The Monroe Doctrine," he added, "must continue to be the basis of our foreign policy. In the light of the present situation in Europe and the Far East any compromise with this doctrine is out of the question."
"We will not allow an eventual enemy to set down the conditions of warfare," he concluded. "We ourselves will decide these conditions.
We will build up air, military and naval defences more powerful than any seen in the world."—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.