I Share The Opinion Of Those Of

There Is No Short And Easy Road, No Magic Cure For Those Ills Which Have Afflicted Mankind From The Dawn Of History.

There Are But Few Naval Powers, But There Are Many Land Powers.

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.

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.

If We Will Maintain Our Hope And Confidence In The Genius Of Our People, They Will Work Out This Problem, And Their Ability And Industry Will Bring Us Back To Normal Conditions.