The oligarchy was the logical result of entering into the guaranty or the guaranty was the logical result of the creation of the oligarchy through the perpetuation of the basic idea of the Supreme War Council.

No distinction was made as to a state of war and a state of peace.

Strongly opposed to the abandonment of the principle of the equality of nations in times of peace I naturally opposed the affirmative guaranty and endeavored to persuade the President to accept as a substitute for it a self-denying or negative covenant which amounted to a promise of "hands-off" and in no way required the formation of an international oligarchy to make it effective.
In addition to the foregoing objection I opposed the guaranty on the ground that it was politically inexpedient to attempt to bind the United States by a treaty provision which by its terms would certainly invite attack as to its constitutionality.

Without entering into the strength of the legal argument, and without denying that there are two sides to the question, the fact that it was open to debate whether the treaty-making power under the Constitution could or could not obligate the Government of the United States to make war under certain conditions was in my judgment a practical reason for avoiding the issue.

If the power existed to so bind the United States by treaty on the theory that the Federal Government could not be restricted in its right to make international agreements, then the guaranty would be attacked as an unwise and needless departure from the traditional policies of the Republic.