sies of the Old World. With a great deal of
hesitation, we have responded to appeals for help to maintain order,
protect life and property, and establish responsible government in some
of the small countries of the Western Hemisphere. Our private citizens
have advanced large sums of money to assist in the necessary financing
and relief of the Old World. We have not failed, nor shall we fail to
respond, whenever necessary to mitigate human suffering and assist in
the rehabilitation of distressed nations. These, too, are requirements
which must be met by reason of our vast powers and the place we hold in
the world.

Some of the best thought of mankind has long been seeking for a formula
for permanent peace. Undoubtedly the clarification of the principles of
international law would be helpful, and the efforts of scholars to
prepare such a work for adoption by the various nations should have our
sympathy and support. Much may be hoped for from the earnest studies of
those who advocate the outlawing of aggressive war. But all these plans
and preparations, these treaties and covenants, will not of themselves
be adequate. One of the greatest dangers to peace lies in the economic
pressure to which people find themselves subjected. One of the most
practical things to be done in the world is to seek arrangements under
which such pressure may be removed, so that opportunity may be renewed
and hope may be revived. There must be some assurance that effort and
endeavor will be followed by success and prosperity. In the making and
financing of such adjustments there is not only an opportunity, but a
real duty, for America to respond with her counsel and her resources.
Conditions must be provided under which people can make a living and
work out of their difficulties. But there is another element, more
important than all, without which there can not be the slightest hope of
a permanent peace. That element lies in the heart of humanity. Unless
the desire for peace be cherished there, unless this fundamental and
only natural source of brotherly love be cultivated to its highest
degree, all artificial efforts will be in vain. Peace will come when
there is realization that only under a reign of law, based on
righteousness and supported by the religious conviction of the
brotherhood of man, can there be any hope of a complete and satisfying
life. Parchment will fail, the sword will fail, it is only the spiritual
nature of man that can be tr