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

Certain it is that a great responsibility rests upon the statesmen of all nations, not only to fulfill the promises for reduction in armaments, but to maintain the confidence of the people of the world in the hope of an enduring peace.

There are but few naval powers, but there are many land powers.

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

Public opinion shapes our destinies and guides the progress of human affairs.

France and Italy have not yet signed this treaty or agreed to naval limitation as between those nations, but I have confidence that in time they will do so.

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