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

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.

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.

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

I know of no more important subject to the peace of Europe and the world than the reasonable reduction of armaments, especially in Europe, and of naval armaments throughout the world.

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.