"When we look over the rest of the world, in spite of all its devastation there is encouragement to believe it is on a firmer moral foundation than it was in 1914. Much of the old despotism has been swept away, While some of it comes creeping back disguised under new names, no one can doubt that the general admission of the right of the people to self-government has made tremendous progress in nearly every quarter of the globe. In spite of the staggering losses and the grievous burden of taxation, there is a new note of hope for the individual to be more secure in his rights, which is unmistakably clearer than ever before. With all the troubles that beset the Old World, the former cloud of fear is evidently not now so appalling. It is impossible to believe that any nation now feels that it could better itself by war, and it is apparent to me that there has been a very distinct advance in the policy of peaceful and honorable adjustment of international differences. War has become less probable; peace has become more secure. The price which has been paid to bring about this new condition is utterly beyond comprehension. We can not see why it should not have come in orderly and peaceful methods without the attendant shock of fire and sword and carnage. We only know that it is here. We believe that on the ruins of the old order a better civilization is being constructed."