I Do Not Hesitate To Say That

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.

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.

Each One Of These Treaties Is A Step For The Maintenance Of Peace, An Additional Guarantee Against War. It Is Through Such Machinery That The Disputes Between Nations Will Be Settled And War Prevented.

It Is By Such Means As The Prize Offered By Your Committee That The Attention Of The World Will Be Focused And That Men And Women Will Be Inspired To Greater Efforts In The Interest Of Peace.

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.