"In 1932 when the Disarmament Conference, after many years of preparation, at last assembled, it really looked as if we were approaching something like stabilized conditions in the world. I am still convinced that with a little more courage and foresight, particularly among those who were directing the policy of the so-called Great Powers, we might have achieved a limitation of international armaments, with all the enormously beneficial consequences which that would have given us. … No doubt the work has not succeeded; but I like to believe that it has not been altogether lost. We have laid a foundation on which, ultimately, we may build something in the nature of reform. And I am perfectly satisfied that the attempt to limit and reduce armaments by international action must be resumed and the sooner the better, if the world is to be saved from a fresh and bloody disaster."
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