The honor is very great, indeed, for the covenant is one of the great creative documents of human history. The peace treaty will fade into merciful oblivion and its provisions will be gradually obliterated by the great human tides sweeping over the world. But the covenant will stand as sure as fate. Forty-two nations gathered round it at the first meeting of the League at Geneva. And the day is not far off when all the free peoples of the world will gather around it. It must succeed, because there is no other way for the future of civilization. It does not realize the great hopes born of the war, but it provides the only method and instrument by which in the course of time those hopes can be realized. Speaking as one who has some right to speak on the fundamental conceptions, objects and methods of the covenant, I feel sure that most of the present criticism is based on misunderstandings. These misunderstandings will clear away, one by one the peoples still outside the covenant will fall in behind this banner, under which the human race is going to march forward to triumphs of peaceful organization and achievements undreamt of by us children of an unhappier era. And the leader who, in spite of apparent failure, succeeded in inscribing his name on that banner has achieved the most enviable and enduring immortality. Americans of the future will yet proudly and gratefully rank him with Washington and Lincoln, and his name will have a more universal significance than theirs. [Illustration: THE NOBLE PEACE PRIZE 1920 WITHOUT THE ADVICE AND CONSENT OF THE SENATE. KIRBY IN THE NEW YORK _World_ "We die without distinction if we are not willing to die the death of sacrifice. Do you covet honor? You will never get it by serving yourself. Do you covet distinction? You will get it only as a servant of mankind." --Woodrow Wilson's Address at Swarthmore College Oct. 5, 1913.] _Woodrow Wilson_ AN INTERPRETATION PUBLISHED THROUGH THE COURTESY OF THE NEW YORK _World_ No other American has made so much world history as Woodrow Wilson, who retires at noon today from the office of President of the United States. No other American has ever bulked so large in the affairs of civilization or wielded so commanding an influence in shaping their ends. The great outstanding figure of the war, Mr. Wilson remains the great outstanding figure of the peace. Broken in health and shattered in body, Mr. Wilson is leaving the White House, but his spirit still dominates the scene. It pervades every chancellery in Europe. It hovers over every capital. Because Woodrow Wilson was President of the United States during the most critical period of modern history international relations have undergone their first far-reaching moral revolution.