On this latter head, what was reasonably true fifteen years ago is doubtful today, and it is in all reasonable expectation invalid for the situation fifteen years hence.
The other peoples that are of a neutral temper may need the help of America sorely enough in their endeavours to keep the peace, but America's need of cooperation is sorer still, for the Republic is coming into a more precarious place than any of the others.

America is also, at least potentially, the most democratic of the greater Powers, and is handicapped with all the disabilities of a democratic commonwealth in the face of war.

America is also for the present, and perhaps for the calculable future, the most powerful of these greater Powers, in point of conceivably available resources, though not in actually available fighting-power; and the entrance of America unreservedly into a neutral league would consequently be decisive both of the purposes of the league and of its efficiency for the purpose; particularly if the neutralisation of interests among the members of the league were carried so far as to make withdrawal and independent action disadvantageous.
On the establishment of such a neutral league, with such neutralisation of national interests as would assure concerted action in time of stress, the need of armament on the part of the American republic would disappear, at least to the extent that no increase of armed force would be advisable.

The strength of the Republic lies in its large and varied resources and the unequalled industrial capacity of its population,--a capacity which is today seriously hampered by untoward business interests and business methods sheltered under national discrimination, but which would come more nearly to its own so soon as these national discriminations were corrected or abrogated in the neutralisation of national pretensions.

The neutrally-minded countries of Europe have been constrained to learn the art of modern war, as also to equip themselves with the necessary appliances, sufficient to meet all requirements for keeping the peace through such a period as can or need be taken into account,--provided the peace that is to come on the conclusion of the present war shall be placed on so "conclusive" a footing as will make it anything substantially more than a season of recuperation for that warlike Power about whose enterprise in dominion the whole question turns.