d it. It must succeed,
because there is no other way for the future of civilization. It does
not realize the great hopes born of the war, but it provides the only
method and instrument by which in the course of time those hopes can be
realized. Speaking as one who has some right to speak on the
fundamental conceptions, objects and methods of the covenant, I feel
sure that most of the present criticism is based on misunderstandings.
These misunderstandings will clear away, one by one the peoples still
outside the covenant will fall in behind this banner, under which the
human race is going to march forward to triumphs of peaceful
organization and achievements undreamt of by us children of an
unhappier era. And the leader who, in spite of apparent failure,
succeeded in inscribing his name on that banner has achieved the most
enviable and enduring immortality. Americans of the future will yet
proudly and gratefully rank him with Washington and Lincoln, and his
name will have a more universal significance than theirs.

[Illustration: THE NOBLE PEACE PRIZE 1920
WITHOUT THE ADVICE AND CONSENT OF THE SENATE.
KIRBY IN THE NEW YORK _World_

"We die without distinction if we are not willing to die the death
of sacrifice. Do you covet honor? You will never get it by serving
yourself. Do you covet distinction? You will get it only as a
servant of mankind."

--Woodrow Wilson's Address
at Swarthmore College
Oct. 5, 1913.]

_Woodrow Wilson_

AN INTERPRETATION

PUBLISHED THROUGH THE COURTESY OF THE NEW YORK _World_

No other American has made so much world history as Woodrow Wilson, who
retires at noon today from the office of President of the United
States. No other American has ever bulked so large in the affairs of
civilization or wielded so commanding an influence in shaping their
ends.

The great outstanding figure of the war, Mr. Wilson remains the great
outstanding figure of the peace. Broken in health and shattered in
body, Mr. Wilson is leaving the White House, but his spirit still
dominates the scene. It pervades every chancellery in Europe. It hovers
over every capital. Because Woodrow Wilson was President of the United
States during the most critical period of modern history international
relations have undergone their first far-reaching moral revolution.

Mr. Harding is assuming the duties of the Presidency, but the main
interest