Just after the War had ceased the old mutual antipathy between America and Japan began to reappear. Naturally the great European Powers could not remain indifferent to this new war menace. In England, despite the ties of kinship, there was a certain amount of jealousy and anxiety over the growing importance of the United States in all spheres of international economics and politics. What was formerly a colonial territory, the daughter of a great mother, seemed about to become the new mistress of the world. It is quite understandable that to-day England should re-examine her old alliances and that British statesmanship should look anxiously to the danger of a coming moment when the cry would no longer be: "Britain rules the waves", but rather: "The Seas belong to the United States".

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