The Panay incident aroused public opinion because if was an obvious and outstanding instante of American interests and rights being disregarded. The Secretary feels that it is not enough for the public to be stirred at such direct violations, not even enough to feel that rights and interests can be violated in less dramatic ways and be determined to resist such violation it mun look beyond the immediate selfish ouse for anger, to the basic and fundamental conception of a world ruled by law in which standards of accepted conduct should not be flouted by nations nor by individuals, It is not the loss of American investment nor the protection of American lives which is important, it is the failure of certain nations to honour thei signed word, and their departure from accepted standards of international morality Ons of the most remarkable features of the Presidents annual message on the state of the union was his assertion that Ame must recognize the fact that the word of certain nations was not to be relied upon. These untrustworthy nations had either departed from or never known democratic processes of government, Only when democratic representative forms of government had been established would world peace be secure. and the President confidently prophesied, that would ultimately come to pass.
Text read from the printed page and cleaned; old type leaves the occasional error.