I Do Not Hesitate To

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

I Further Value This Gift As It Gave Me An Opportunity To Accept This Distinguished Honor In A Country So Devoted To This Cause And Whose History Marks A Wonderful Chapter In World Development.

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.

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.

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.