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putting up and would continue to put up. He said also that he recognized some of the qualities of a trader in Churchill. Then he said, “But, of course, you know, Grandpa's pretty good at trading too,” meaning himself. In that, I think, he took a certain pleasure. He traded and Churchill traded and on the whole he was a little better than Churchill at it.

Someone at Cabinet said that day, “You want to look out, Mr. President, Churchill may be pulling your leg by letting you win the first round.” It was a general joke and everybody laughed, but from one point of view there was something of that in it all. I think that was Jesse Jones who said it, but I'm not positive. That's the type of thing he's say, but I'm not sure he was the one who said it.

The President didn't say much else about Churchill, except to be really very enthusiastic about it. He did say, “He's not an old man at all. His mind has no marks of age. His mind is better than it was. His mind is improving. I'm sure that he's got a greater mind than he had twenty years ago. He's got a more developed mind.” He talked about that and about his great insight into the whole problem of European politics and European geography and the military and naval problem, which, of course, was of interest to Roosevelt who always liked to know the strategy himself. He liked to know military and naval strategy. He believed