Competition In Armament, Both Land And Naval,

I Know That Military Alliances And Armament Have Been The Reliance For Peace For Centuries, But They Do Not Produce Peace; And When War Comes, As It Inevitably Does Under Such Conditions, These Armaments And Alliances But Intensify And Broaden The Conflict.

The Fact That So Many Of Your People Are Today Residents And Citizens Of The United States, Lending Their Influence To Our Civic And Economic Life, Which Has Meant So Much To Our Development.

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.

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.

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.