Philip is quite aware that his claim is unjust, but, though he knows this as well as anyone, he thinks that you may be hoodwinked by the men who have engaged, and are now fulfilling their engagement, to direct Athenian policy in accordance with his own desires. Nor again does he fail to see that in either case, however you dub the transaction, the island will be yours, whether it is presented or restored to you.

Then what does he gain by using the wrong term and making a present of it to you, instead of using the right term and restoring it? It is not that he wants to debit you with a benefaction received, for such a benefaction would be a farce; but that he wants all Greece to take notice that the Athenians are content to receive maritime strongholds from the man of Macedon. And that is just what you, men of Athens, must not do.

But when he says that he is willing to arbitrate, he is merely mocking you. In the first place, he expects Athenians to refer to arbitration, as against this upstart from Pella, the question whether the islands are yours or his. If you cannot preserve your maritime possessions by your might that once saved Hellas, but rely on any jury to whom you refer it, and whose verdict is final, to preserve them for you, provided always that Philip does not buy their votes,

is it not an open confession, when you adopt this policy, that you have abandoned everything on the mainland, and are you not advertising to the world that there is not a single thing for the sake of which you will appeal to arms, if indeed for your possessions on the sea, where you say your strength lies, you shall appeal, not to arms, but to the law-courts?