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.
I do not hesitate to say that the limitation on naval craft between the great naval powers was too high.
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.
There are but few naval powers, but there are many land powers.
Certain it is that a great responsibility rests upon the statesmen of all nations, not only to fulfill the promises for reduction in armaments, but to maintain the confidence of the people of the world in the hope of an enduring peace.
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.
