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mind to crush their antagonists. implications of these assurances may not be equally clear to all-may not be the same on both sides of the water. I think it will be serviceable if I attempt to set forth what we understand them to be.

"They imply, first of all, that it must be a peace without victory.

"I beg that I may be permitted to put my own interpretation upon it, and that it may be understood that no other interpretation was in my thought. I am seeking only to face realities, and to face them without soft concealments.

"Victory would mean peace forced upon the loser, a victor's terms imposed upon the vanquished. It would be accepted in humiliation, under duress, at intolerable sacrifice, and would leave a sting, a resentment, a bitter memory upon which terms of peace would rest, not permanently, but only as upon quicksand. Only a peace between equals can last-only a peace the very principle of which is equality and a common participation in a common benefit. The right state of mind, the right feeling between nations is as necessary for a lasting peace as is the just settlement of vexed questions of territory or of racial and national allegiance.

"The equality of nations upon which peace must be founded, if it is to last, must be an equality of rights; the guarantees exchanged must neither recognize nor imply a difference between big nations and small, between those that are powerful and those that are weak. Right must be based upon the common strength, not upon the individual strength, of the nations upon whose concert peace will depend.

"Equality of territory or of resources there, of course, cannot be, nor any sort of equality

not gained in the ordinary peaceful and legitimate development of the peoples themselves. But no one asks or expects anything more than an equality of rights. Mankind is looking now for freedom of life, not for equipoises of power.

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"And there is a deeper thing involved than even equality of right among organized nations. No peace can last, or ought to last, which does not recognize and accept the principle that Governments derive all their just powers from the consent of the governed, and that no right anywhere exists to hand peoples about from potentate to potentate as if they were property.

"I take it for granted, for instance, if I may venture upon a single example, that statesmen everywhere are agreed that there should be a united, independent, and autonomous Poland, and that henceforth inviolable security of life, of worship, and of industrial and social development should be guaranteed to all peoples who have lived hitherto under the power of Governments devoted to a faith and purpose hostile to their own.

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"I speak of this, not because of any desire to exalt an abstract political principle which has always been held very dear by those who have sought to build up liberty in America, but for the same reason that I have spoken of the other conditions of peace which seem to me clearly indispensable--because I wish frankly to uncover

realities.

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Any peace which does not recognize and accept this principle will inevitably be upset. It will not rest upon the affections or the convictions of mankind. The ferment of spirit of whole populations will fight subtly and constantly against it, and all the world will sympathize. The world can be at peace only if its life is stable,

and there can be no stability where the will is in rebellion, where there is not tranquillity of spirit and a sense of justice, of freedom, and of right.

"So far as practicable, moreover, every great people now struggling towards a full development of its resources and of its powers should be assured a direct outlet to the great highways of the seas.

"Where this cannot be done by the cession of territory, it no doubt can be done by the neutralization of direct rights of way under the general guarantee which will assure the peace itself. With a right comity of arrangement no nation need be shut away from free access to the open paths of the world's commerce.

"And the paths of the sea must alike in law and in fact be free. The freedom of the seas is the sine qua non of peace, equality, and co-operation.

"No doubt a somewhat radical reconsideration of many of the rules of international practice hitherto thought to be established may be necessary in order to make the seas indeed free and common in practically all circumstances for the use of mankind; but the motive for such changes is convincing and compelling. There can be no trust or intimacy between the peoples of the world without them. The free, constant, unthreatened intercourse of nations is an essential part of the process of peace and of development. It need not be difficult either to define or to secure the freedom of the seas if the Governments of the world sincerely desire to come to an agreement an agreement concerning it.

"It is a problem closely connected with the limitation of naval armaments and the co-operation of the navies of the world in keeping the

seas at once free and safe, and the question of limiting naval armaments opens the wider, and perhaps more difficult, question of the limitation of armies and of all programmes of military preparation. Difficult and delicate as these questions are, they must be faced with the utmost candour and decided in a spirit of real accommodation, if peace is to come with healing in its wings, and come to stay. Peace cannot be

had without concession and sacrifice.

"There can be no sense of safety and equality among the nations if great and preponderating armaments are henceforth to continue here and there to be built up and maintained. The statesmen of the world must plan for peace and nations must adjust and accommodate their policy to it as they have planned for war and made ready for pitiless contest and rivalry.

"The question of armaments, whether on land or on sea, is the most immediately and intensely. practical question connected with the future fortunes of nations and of mankind.

"I have spoken upon these great matters without reserve and with the utmost explicitness, because it has seemed to me to be necessary if the world's yearning for peace was anywhere to find free voice and utterance.

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Perhaps I am the the only person in high authority amongst all the peoples of the world who is at liberty to speak and hold nothing back. I am speaking as an individual, and yet I am speaking also, of course, as the responsible head of a great Government, and I feel confident that I have said what the people of the United States would wish me to say.

"May I not add that I hope and believe that I am in effect speaking for liberals and friends of humanity in every nation and of every

programme of liberty? I would fain believe that I am speaking for the silent mass of mankind everywhere who have yet had no place or opportunity to speak their real hearts out concerning the death and ruin they see to have come already upon the persons and the homes they hold most dear.

"And in holding out the expectation that the people and Government of the United States will join the other civilized nations of the world in guaranteeing the permanence of peace upon such terms as I have named I speak with the greater boldness and confidence because it is clear to every man who can think that there is in this promise no breach in either our traditions or our policy as a nation, but a fulfilment, rather, of all that we have professed or striven for.

"I am proposing, as it were, that the nations should with one accord adopt the doctrine of President Monroe as the doctrine of the world: that no nation should seek to extend its polity over any other nation or people, but that every people should be left free to determine its own polity, its own way of development, unhindered, unthreatened, unafraid, the little along with the great and powerful.

"I am proposing that all nations henceforth avoid entangling alliances which would draw them into competitions of power, catch them in a net of intrigue and selfish rivalry, and disturb their own affairs with influences intruded from without. There is no entangling alliance in a concert of power. When all unite to act in the same sense and with the same purpose all act in common interest and are free to live their own lives under a common protection.

"I am proposing government by the consent of the governed; that freedom of the seas which

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