Again on a subsequent occasion, not so long ago, recognizing that certain aspirations of Italy might form the basis of discussions among the powers most specifically concerned, I offered, in a message addressed to the Chief of the Italian Government, to send to the Governments of France and of Great Britain such specific indications of the desires of Italy to obtain readjustments with regard to her position as the Chief of the Italian Government might desire to transmit through me. While making it clear that the Government of the United States in such an event could not and would not assume responsibility for the nature of the proposals submitted nor for agreements which might thereafter be reached, I proposed that if Italy would refrain from entering the war I would be willing to ask assurances from the other powers concerned that they would faithfully execute any agreement so reached and that Italy's voice in any future peace conference would have the same authority as if Italy had actually taken part in the war, as a belligerent.

Unfortunately to the regret of all of us and the regret of humanity, the Chief of the Italian Government was unwilling to accept the procedure suggested and he has made no counter proposal.

This Government directed its efforts to doing what it could to work for the preservation of peace in the Mediterranean area, and it likewise expressed its willingness to endeavor to cooperate with the Government of Italy when the appropriate occasion arose for the creation of a more stable world order, through the reduction of armaments, and through the construction of a more liberal international economic system which would assure to all powers equality of opportunity in the world's markets and in the securing of raw materials on equal terms.

I have likewise, of course, felt it necessary in my communications to Signor Mussolini to express the concern of the Government of the United States because of the fact that any extension of the war in the region of the Mediterranean would inevitably result in great prejudice to the ways of life and Government and to the trade and commerce of all the American Republics.