RESTITUTION, REPARATION, GUARANTEES FOR THE FUTURE.

It is for us to discuss the details which are implied in these terms, not with our enemy, but with our friends who have borne the brunt of this German war against peace.

Nothing which would make their sacrifice vain could ever satisfy the heart and conscience of the United States.

We cannot honorably accept a peace which would leave Belgium, Luxembourg, Servia, Montenegro, Roumania crushed and helpless in the hands of their captors.

We cannot honorably accept a peace which would leave our sister-republic France hopelessly exposed to the same kind of an assault which Germany made upon her in 1870 and in 1914.

We cannot honorably accept a peace which would leave Great Britain crippled and powerless to work with us in the maintenance of the freedom of the sea.

We cannot honorably accept a peace which would leave the Italian demand for unity unsatisfied, and the new Russian Republic helpless before its foes. Such, it seems to me, are the principles which must guide and govern us in the coming conference with our friends about the terms of peace.

In regard to the right of the peoples of the world, small or great, to determine their own form of government and their own action, we are fully committed. This principle is fundamental to our existence as a nation. President Wilson has reaffirmed it again and again, never more clearly or significantly than in his address to the Senate on January 22, 1917.

"And there is a deeper thing involved than even equality of rights among organized nations. No peace can last which does not recognize and accept the principle that governments derive all their just powers from the consent of the governed, and that no right anywhere exists to hand people about from sovereignty to sovereignty as if they were property.

"I take it for granted, for instance, if I may venture upon a single example, that statesmen everywhere are agreed that there should be a united, independent, and autonomous Poland, and that henceforth inviolable security of life, of worship, and of industrial and social development should be guaranteed to all peoples who have lived hitherto under the power of governments devoted to a faith and purpose hostile to their own."