Competition In Armament, Both Land And Naval,

Each One Of These Treaties Is A Step For The Maintenance Of Peace, An Additional Guarantee Against War. It Is Through Such Machinery That The Disputes Between Nations Will Be Settled And War Prevented.

It Is By Such Means As The Prize Offered By Your Committee That The Attention Of The World Will Be Focused And That Men And Women Will Be Inspired To Greater Efforts In The Interest Of Peace.

There Are But Few Naval Powers, But There Are Many Land Powers.

It Is True Not All Has Been Accomplished That The Earnest Advocates Would Desire, But A Start Has Been Made.

There Has Not Been A War In South America For Fifty Years, And I Have Every Confidence That The Countries Of Central And South America Are Deeply In Earnest In The Maintenance Of Peace.