Resort to armed force as an instrument of national policy, though often outlawed and denounced by common consent, seems as inevitable today as ever before. When the Covenant of the League of Nations was adopted, it was agreed “that the manufacture by private enterprise of munitions and implements of war is open to grave objections” (Art. 8, Sec. 5). Shortly after, on September 10, 1919, 28 nations assembled at St. Germain-en-Laye and Paris to sign a Convention for the Control of the Trade in Arms and Ammunition. This was followed by a conference to consider the draft of a new convention which was called by the League and met in Geneva on May 4, 1924. The adoption of the Arms Traffic Convention the following year was hailed everywhere as a signal victory.