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same year.[1] The Central and South American
Republics, Honduras, and the United
States of Colombia did the same when on
April 10th, 1882, they signed an arbitration
treaty between themselves.[2]
Since that time this vigorous idea has grown
into the Central and South American
Arbitration League, and is now making good way
towards being applied to the whole of America.
The question now is, whether the value of
peace treaties, in general or in particular,
which are established between mutually distant
small States can be estimated as highly as the
good intention of their creation, which is
habitually acknowledged to be good? Are
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