proving Gua m Base Fortification of Island May Be Used as Bargaining Point with Japan Over China on January 15 pointed out, the increases for the favoured employees would be less, On the other hand, it is evident that with a further decline in exchange these same increases would be greater.
Washington, Jan. 20.
RESIDENT Roosevelt today disclaimed reports that he had approved plans for the fortification of Guam Island in the midst of the Japanese mandated islands as recommended in the recent naval board report written n by Rear-Admiral Arthur Hep-
Text read from the printed page and cleaned; old type leaves the occasional error.