For a moment, and a moment only, there was silence, and then there burst forth a roar of applause which clearly indicated that everyone there understood, that beneath the fathomless deep the electric spark had brought the welcome news that on the shores of America an agreement for peace had been signed. On the occasion of nearly one hundred years before the revelry was interrupted by the booming of cannon, but on this occasion it was the joyous message that under the leadership of America the peace of the world had been established. That was an occasion, my countrymen, when it was greater to be an American citizen than to wear a crown.
Heretofore one of the greatest obstacles to the peaceful settlement of international difficulties, and to the submission of such controversies to arbitration, has been that the offense has been committed, or the controversy has arisen before any rule for its settlement has been provided, or any tribunal for its determination has been selected. This ex post facto machinery for the settlement of differences is not only unreasonable and illogical, but it has been guarded against by all the civilized nations of the earth in the regulation and management of their own internal affairs. When disagreeing nations are aroused to anger by the excitement and the prejudice of the people on account of real or imaginary wrong, it is a poor time indeed to attempt to agree upon a fair method of settlement, or to exercise that calm deliberation which should be invoked in the selection of the arbitrators.
The treaty of arbitration should be general and apply to all disputes. It should be negotiated in time of profound peace, and not with reference to any particular controversy. Its judges should be selected in time of peace and their terms of office should be permanent. In order that they might be removed from, and uninfluenced by, any bias or prejudice they should be appointed for life, and while holding this great international commission they should be prohibited from accepting or holding any other office or emolument from any government.
The treaty, however, should specifically provide that these international judges could be appointed and selected as members of any other international arbitration tribunal, and in accordance with this provision each government would undoubtedly select the same men as judges for each arbitration treaty into which it entered.