I Know Of No More Important Subject

Competition In Armament, Both Land And Naval, Is Not Only A Terrible Burden Upon The People, But I Believe It To Be One Of The Greatest Menaces To The Peace Of The World.

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

Warned By The Disaster Of The Last Great War, The Statesmen Of All Nations Have Been Taking Measures To Prevent The Return Of Another Such Calamity.

I Know Of No Greater Work For Humanity Than In The Cause Of Peace, Which Can Only Be Achieved By The Earnest Efforts Of Nations And Peoples.

It Is Idle To Say That Nations Can Struggle To Outdo Each Other In Building Armaments And Never Use Them. History Demonstrates The Contrary, And We Have But To Go Back To The Last War To See The Appalling Effect Of Nations Competing In Great Armaments.