The world has greatly advanced the method of arbitration by scores of treaties.

Our position was made clear in a statement issued jointly by the Prime Minister of England and myself at the time of his memorable visit of good will to this country.

Pacts and treaties have not always precluded the tragic suffering of men, women, and children.

As a nation we have grown to a giant strength and power which is so new and vast that we can only vaguely comprehend it.

Statesmen over a generation have realized that with this growth of international law and precedent another method can be contributed to the pacific settlement of a vast number of incidental controversies of justiciable character.

We are content with the fundamental democratic principles of government which we have evolved and under which we live.

The great road to peace indeed lies in the prevention of war.

The part of each of our governments in the promotion of world peace will be different.

The first principle in prevention of war is to guide our national conduct in justice, consideration, and kindliness to other nations so as to give no justified cause for ill will or suspicion.

You who trace your lineage back to that gallant group have a right to be proud.

The most vital feature of its great accomplishments for peace is the final abolition of competition in naval arms between the greatest naval powers and the burial of the fears and suspicions which have been the constant product of rival…

The savings are not alone to the United States but to Great Britain and Japan as well.