"It will be through gradual processes such as this that the great end will be accomplished. Beginning with such annotated reports as a basis for precedents, each new case tried before this tribunal will add a further precedent, and, presently, a complete international code will be in existence. It was in this way that the English common law was built, and such has been the history of the admirable work done by our own judicial system.
"The study of such problems as these is at this time infinitely more important than the consideration of how large a fine shall be inflicted by the victors upon the vanquished.
"There is the probability of some dislocation of territory and some shiftings of sovereignty after the war ends, but these will be of comparatively minor importance. The important result of this great war will be the stimulation of international organization along some such lines as I have suggested.
"Dislocation of territory and the shifting of sovereigns as the result of international disagreements are medieval practices. After this war the world will want to solve its problems in terms of the future, not in those of the outgrown past.
"Conventional diplomacy and conventional statesmanship have very evidently broken down in Europe. They have made a disastrous failure