I Have Often Heard It Said That

There Has Not Been A War In South America For Fifty Years, And I Have Every Confidence That The Countries Of Central And South America Are Deeply In Earnest In The Maintenance Of Peace.

Warned By The Disaster Of The Last Great War, The Statesmen Of All Nations Have Been Taking Measures To Prevent The Return Of Another Such Calamity.

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.

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.

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