This coal strike is the beginning of a revolution. We shall, I suppose, make it an orderly and gradual revolution, but labour intends to have a larger share and has laid hold of power. Power has passed from the King to the nobles, from the nobles to the middle classes and through them to the House of Commons, and now it is passing from the House of Commons to the Trades Unions. It will have to be recognised that the millions of men employed in great industries have a stake in those industries and must share in the control of them. The days when the owners said "this industry is mine; I alone must control it and be master in my own house" are passing away... I do think the good temper and spirit of compromise that is inherent in English character will save us from catastrophe.

The smaller States in that region of Europe ask but one thing. Their one desire is that they should be left alone and independent. The one thing they fear is, I think, not so much that their integrity but that their independence should be interfered with. If in this war, which is before Europe, the neutrality of those countries is violated, if the troops of one of the combatants violate its neutrality and no action be taken to resent it, at the end of the war, whatever the integrity may be, the independence will be gone.

I am not attempting here a full appreciation of Colonel Roosevelt. He will be known for all time as one of the great men of America. I am only giving you this personal recollection as a little contribution to his memory, as one that I can make from personal knowledge and which is now known only to myself. His conversation about birds was made interesting by quotations from poets. He talked also about politics, and in the whole of his conversation about them there was nothing but the motive of public spirit and patriotism. I saw enough of him to know that to be with him was to be stimulated in the best sense of the word for the work of life. Perhaps it is not yet realised how great he was in the matter of knowledge as well as in action. Everybody knows that he was a great man of action in the fullest sense of the word. The Press has always proclaimed that. It is less often that a tribute is paid to him as a man of knowledge as well as a man of action. Two of your greatest experts in natural history told me the other day that Colonel Roosevelt could, in that department of knowledge, hold his own with experts. His knowledge of literature was also very great, and it was knowledge of the best. It is seldom that you find so great a man of action who was also a man of such wide and accurate knowledge. I happened to be impressed by his knowledge of natural history and literature and to have had first-hand evidence of both, but I gather from others that there were other fields of knowledge in which he was also remarkable.

We worked for peace up to the last moment, and beyond the last moment. How hard, how persistently, and how earnestly we strove for peace last week the House will see from the papers that will be before it. But that is over, as far as the peace of Europe is concerned. We are now face to face with a situation and all the consequences which it may yet have to unfold.

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We are going to suffer, I am afraid, terribly in this war, whether we are in it or whether we stand aside. Foreign trade is going to stop, not because trade routes are closed, but because there is no trade at the other end. Continental nations engaged in war all their populations, all their energies, all their wealth, engaged in a desperate struggle they cannot carry on the trade with us that they are carrying on in times of peace, whether we are parties to the war or whether we are not.

England will make no unprovoked attack upon Germany and pursue no aggressive policy towards her. Aggression upon Germany is not the subject, and forms no part, of any Treaty understanding or combination to which England is now a party, nor will she become a party to anything that has such an object.

There is no danger, no appreciable danger, of our being involved in any considerable trouble in Europe, unless there is some Power, or group of Powers, in Europe which has the ambition of achieving what I would call the Napoleonic policy. That would be a policy on the part of the strongest Power in Europe, or of the strongest group of Powers in Europe, of first of all separating the other Powers outside their own group from each other, taking them in detail, crushing them singly if need be, and forcing each into the orbit of the policy of the strongest Power, or of the strongest group of Powers... I do feel this very strongly, that...if while that process was going on we were appealed to for help and sat by and looked on and did nothing, then people ought to realise that the result would be one great combination in Europe, outside which we should be left without a friend. If that was the result, then the naval situation would be this, that if we meant to keep the command of the sea we should have to estimate as a probable combination against us of fleets in Europe not two Powers but five Powers.

The great countries of Europe are raising enormous revenues, and something like half of them is being spent on naval and military preparations. You may call it national insurance, that is perfectly true, but it is equally true that half the national revenue of the great countries in Europe is being spent on what is, after all, preparations to kill each other. Surely the extent to which this expenditure has grown really becomes a satire, and a reflection on civilisation. Not in our generation, perhaps, but if it goes on at the rate at which it has recently increased, sooner or later I believe it will submerge that civilisation. The burden already has shown itself in national credit—less in our national credit than in the national credit of other nations—but sooner or later, if it goes on at this rate, it must lead to national bankruptcy.

My own personal feeling is that we are justified in any measures which will result in taking the Congo out of the hands of the King. He has forfeited every claim to it he ever had; and to take the Congo away from him without compensation would be less than justice, for it would leave him still with all the gains he has made by his monstrous system.

If we alone, among the great Powers, gave up the competition and sank into a position of inferiority, what good should we do? None whatever—no good to ourselves because we cannot realise great ideals of social reform at home when we are holding our existence at the mercy, the caprice if you like, of another nation. That is not feasible. If we fall into a position of inferiority our self-respect is gone, and it removes that enterprise which is essential both to the material success of industry and to the carrying out of great ideals, and you fall into a state of apathy. We should cease to count for anything amongst the nations of Europe, and we should be fortunate if our liberty was left, and we did not become the conscript appendage of some stronger Power. That is a brutal way of stating the case, but it is the truth.

[A]nd to this the German Minister of Finance adds that the heavy burden of thousands of millions must be borne through decades, not by Germany, but by those whom she is pleased to call the instigators of the war. In other words, for decades to come Germany claims that whole nations who have resisted her should labour to pay her tribute in the form of war indemnities. Not on such terms can peace be concluded or the life of other nations than Germany be free, or even tolerable. The speeches of the German Chancellor and Finance Minister make it appear that Germany is fighting for supremacy and tribute. If that is so, and as long as it is so, our allies and we are fighting, and must fight, for the right to live, not under German supremacy, but in real freedom and safety.

If, when the time comes, the United States proposes the reduction or limitation of Armaments as a subject for consideration, I am sure that our delegates will be instructed cordially to support the proposal. And the initiative of the United States in this matter would be very welcome to us.

We are in the presence of a European conflagration; can anybody set limits to the consequences that may arise out of it? Let us assume today we stand aside in an attitude of neutrality, saying ‘No, we cannot undertake and engage to help either party in this conflict.’ Let us suppose the French fleet is withdrawn from the Mediterranean; and let us assume that the consequences—which are already tremendous in what has happened in Europe even to countries which are at peace—in fact, equally whether countries are at peace or at war—let us assume that out of that come consequences unforeseen, which make it necessary at a sudden moment that, in defense of vital British interests, we shall go to war; and let us assume which is quite possible—that Italy, who is no neutral—because, as I understand, she considers that this war is an aggressive war, and that the Triple Alliance being a defensive alliance her obligation did not arise—let us assume that consequences which are not yet foreseen and which, perfectly legitimately consulting her own interests, make Italy depart from her attitude of neutrality at a time when we are forced in defense of vital British interest ourselves to fight—what then will be the position of the Mediterranean? It might be that at some crucial moment those consequences would be forced upon us because our trade routes in the Mediterranean might be vital to this country.

I welcome the Agreement, and I hope...the Government will lose no opportunity of making it a working model for other cases where it is possible to do so. I welcome this Agreement because I believe not only will it be a working model for other cases, but because it has in it great possibilities for keeping us in contact with France, with a growth of friendly relations to the advantage of both countries, and the many points of contact in various parts of the world will not, as in the past, be occasion for dispute and debate, but will be so many opportunities for the interchange of international courtesies.