s one of limited and defined powers. Our history can show Europe how
such limitations and definitions can be established and interpreted, and
how they can be modified and amended when necessary to meet new
conditions.

"My colleague, Prof. John Bassett Moore, is now preparing and publishing
a series of annotated reports of the international arbitration
tribunals, in order that the Governments and jurists of the world may
have at hand, as they have in the United States Supreme Court, reports,
a record of decided cases which, when the time comes, may be referred to
as precedents.

"It will be through graded processes such as this that the great end
will be accomplished. Beginning with such annotated reports as a basis
for precedents, each new case tried before this tribunal will add a
further precedent, and presently a complete international code will be
in existence. It was in this way that the English common law was built,
and such has been the admirable history of the work done by our own
judicial system.

"The study of such problems is at this time infinitely more important
than the consideration of how large a fine shall be inflicted by the
victors upon the vanquished."

The Chief Result.

"There is the probability of some dislocation of territory and some
shiftings of sovereignty after the war ends, but these will be of
comparatively minor importance. The important result of this great war
will be the stimulation of international organization along some such
lines as I have suggested.

"Dislocation of territory and the shifting of sovereigns as the result
of international disagreements are mediaeval practices. After this war
the world will want to solve its problems in terms of the future, not in
those of the outgrown past.

"Conventional diplomacy and conventional statesmanship have very
evidently broken down in Europe. They have made a disastrous failure of
the work with which they were intrusted. They did not and could not
prevent the war because they knew and used only the old formulas. They
had no tools for a job like this.

"A new type of international statesman is certain to arise, who will
have a grasp of new tendencies, a new outlook upon life. Bismarck used
to say that it would pay any nation to wear the clean linen of a
civilized State. The truth of this must be taught to those nations of
the world which are weakest in morale, and it can only be done, I
suppose, as similar work is accomplishe