Panay was sunk by bombs from Japanese airplanes. In fact. while all those things were happening. and the Chinese people were being subjected to the most horrible bombings and slaughter in modern history. we went right on supplying Japan with the very weapons and materials by which she carried on that bloody butchery. But the minute Japan began to move southward. the minute British imperial interests were threatened. then we began to talk war and act in warlike ways. and now they warn us that at almost any moment we may find ourselves up to our necks in an Asiatic war. Mr. President.