I am convinced that when the history of international law comes to be written centuries hence, it will be divided into two periods: the first being from the earliest times to the end of the nineteenth century, and the second beginning with the Hague Conference.

Time and time again we have experienced efforts directed toward this popular and simple concept of securing peace by means of disarmament.

Some pacifists have carried the sound idea of the prime importance of security too far, to the point of declaring that any consideration of disarmament is superfluous and pointless as long as eternal peace has not been attained.

Great progress was made when arbitration treaties were concluded in which the contracting powers pledge in advance to submit all conflicts to an arbitration court, treaties which not only specify the composition of the court, but also its procedure.

The following year, after I had prepared my draft, the Conference of the Interparliamentary Union at The Hague decided to set up a special commission to study the problem seriously.

Limitation of armaments in itself is economically and financially important quite apart from security.

Every success in limiting armaments is a sign that the will to achieve mutual understanding exists, and every such success thus supports the fight for international law and order.