THE WORLD'S FAMOUS ORATIONS
fellowship. Ladies and gentlemen, this is a most pleasing outlook, which I trust will not be marred by any events that can occur.
As to our general policy toward our neigh- bors, our general foreign policy, it will remain the same in Government as it was in Opposition. It will be opposed to aggression and to adventure ; it will be animated by a desire to be on the best terms with all nationalities, and to cooperate with them in the common work of civilization. I believe, by the way, that in the execution of this policy we have a notable ally in our present fiscal system — a great guarantee of peace and a preventive against the possibility of commercial and tariff wars. We Liberals, let us not forget it, are the heirs of a great and inspiring tradi- tion. That tradition was founded in days when public opinion was opposed to any attempt to regulate differences by an appeal to the reason and conscience of mankind. Mr. Gladstone defied the public opinion of his day. He took his stand on higher ground, and by referring the Alabama dispute to arbitration he established a precedent of priceless value to mankind. How proud and how pleased we ought to be to have among us, and in the circle of the cabinet, a veteran states- man who took part in that great undertaking, and who remains now, as he was then, one of the truest of patriots and the staunchest and soundest of politicians. I rejoice that since that time the principle of arbitration has made great strides, and that to-day it is no longer counted weakness