I do not hesitate to say that the limitation on naval craft between the great naval powers was too high.

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.

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 have often heard it said that the United States is isolated and is not interested in European affairs. I assure you that this is not the case.

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.

If we will maintain our hope and confidence in the genius of our people, they will work out this problem, and their ability and industry will bring us back to normal conditions.

There is no short and easy road, no magic cure for those ills which have afflicted mankind from the dawn of history.