Whether we accept the civil or the military point of view on preparedness, we can still move forward. We can continue to try to come to an understanding with other nations on some of the points which lead to bad feeling. We can begin first, perhaps, with the Central and South American nations and continue later with other nations, to enter into agreements which may lead to the gradual reduction of armaments. If we only agree on one thing at a time, every little step is something to the good. Simply because we have so far not been able to arrive at any agreement is no reason for giving up the attempt to agree. No one has as yet discovered a way to make any of the methods of transportation by which we all travel around the world, absolutely safe, but nobody suggests that we should do away with ships and railroads and airplanes. I feel that the people of various nations can greatly influence their governments and representatives and encourage action along the lines of reduction in arms and munitions. Every international group that meets must bear in mind that they have an opportunity to create better feeling, but to move forward along this particular front also requires the backing of public opinion at home. This opinion may be formed in many little groups all over the world and may be felt in an ever widening circle of nations until it becomes a formidable force in the world as a whole. Then there is the matter of private interests involved in the manufacture of arms and munitions. I know there are many arguments advanced against government ownership of the factories making arms and munitions. When you know the story of the part played by certain families in Europe whose business it has been to manufacture arms and munitions, however, you wonder if the arguments advanced against this step are not inspired in large part by those whose interests lie in this particular business? It is true that a government can lose its perspective for a number of reasons. The need for employment may push them to over-production, as well as fear of their neighbors, and they may manufacture so much that the temptation to use it may be great. Some governments today manufacture practically all they need for peace-time purposes and this is a safeguard, but for war-time use, all governments would have to fall back on private manufacturers who could convert their plants easily for the manufacturing of war materials. Some governments today encourage private manufacturers to produce arms and munitions needed in peace time by buying from them, but the great danger lies in the uncontrolled private production which is used for export. The element of private profit is a great incentive towards the increase of this business just as it is in any other business. Governments are not tempted in the same way, for they do not manufacture for export or for profit.