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will subscribe to FOREIGN AVPAIRS for one ‘year the regular price of $5.00. (This offer applies oe . Omay, t to new | Subsoriptions. ). a . _ FOREIGN AFFAIRS, as you may y know, ‘ts ‘the an American quarterly review published by the Counoil on Foreign Relation, of which Elihu Root and John ~ W. Davis are Chairmen. Now in its tenth year, © FOREIGN AFFAIRS has come to be recognized as the ~ leading publication of ite kind in the world. Its : well-informed statesmen, historians, economists . and financiers. Secretary of State Stimson said recently of FOREIGN AFFAIRS: "I have never failed © to find it stimulating and I believe that it is a =<: work of proven value." FOREIGN AFFAIRS (which is fully described in the accompanying leaflet) is -.. part of the necessary equipment of all who seek to keep abreast of world events and world opinion. °° ~ . THE PERMANENT BASES OF FOREIGN POLICY well printed volume, attractively bound in green. © cloth, stamped in gold. You would not hesitate to — buy it if it were offered for sale. We offer it to you free. An order form is enclosed for your con--:: venience. Ll .. oO, _ wae Yours very truly, tee [WX poate Direotor. P. 8. - The free copy of THE PERMANENT BASES OF FOREIGN POLICY and FOREIGN AFFAIRS will be sent to different addresses, if you wish. .