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I am convinced that when the history of international law comes to be written centuries hence, it will be divided into two periods: the first being from the earliest times to the end of the nineteenth century, and the second beginning with the Hague Conference. ↗
Pacifist propaganda and the resolutions of the parliamentarians encouraged such treaties, and toward the end of the nineteenth century their number had increased considerably. ↗
The popular, and one may say naive, idea is that peace can be secured by disarmament and that disarmament must therefore precede the attainment of absolute security and lasting peace. ↗
The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to doctrinaire and academic thinkers. ↗
When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser's country, since these are of value only in the country of issue. ↗
