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.

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

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.

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.

Adequate defense has been the catchword of every militarist for centuries.

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