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.

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.

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.

I further value this gift as it gave me an opportunity to accept this distinguished honor in a country so devoted to this cause and whose history marks a wonderful chapter in world development.

It is true not all has been accomplished that the earnest advocates would desire, but a start has been made.

I share the opinion of those of broader vision, who see in the signs of the time hope of humanity for peace.

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