The daily journal. (Salem, Or.) 1899-1903, 1903-04-03
CONTINUED from first page.)

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United States has steadily believed
that the construction Of the great
Isthmian canal. the building Of which
is to stand as the greatest material
feat Of the twentieth century
greater than any similar feat in
any preceding century--should be
done by no foreign nation but by
ourselves. The canal must of neces
sity go through the territory of one OF
our smaller sister republics. We
have been scrupulously careful to alb
stain from perpetrating any wrong
upon any OF these republics in this
matter. We do not wish to interfere
with their rights in the least; but
while carefully safeguarding them. TO
build the canal ourselves under pro
visions which will enable u.s. II neces-
sary. TO police and protect IL. and to
guarantee its neutrality, we being the
sole guarantor Our intention was
steadfast; we desired action taken so
that the canal could always be used
| by us in time OF peace and war alike.
and in time of war could never be
used TO our detriment by any nation
which was hostile TO us. Such action,
by the circumstances surrounding II,
was necessarily for the benefit and
not the detriment Of the adjacent
American republics
After considerably more than half
OF a century these objects have been
exactly fulfilled by the legislation and
treaties OF the last two years. TWO
YEARS AGO WE WERE NO FUR.
THEIR ADVANCED TOWARD THE
CONSTRUCTION OF THE 18TH
MlAN CANAL ON OUR TERMS
THAN WE HAD BEEN DURING
THE PRECEDING EIGHTY YEARS
by the Hay.P .Pauncefote treaty, ratified
in December. 1901, an old treaty with
Great Britain, which had been held tc
stand in the way. was abrogated and
II was agreed that the canal should be
constructed under the auspices OF the
Government OF the United States. anC
that this Government should have th'
exclusive right to regulate and man
age II, becoming the sole guarantor o
It's neutrality
Il was expressly stipulated, furthe
more. that this guaranty OF neutralit
should not prevent the United State
from taking any measures which I
found necessary in order to secure b,
its own forces the defense OF tn
United States and the maintenance
OF public order Immediately follow
law under which the president wa
authorized To endeavor TO secure
treaty for acquiring the right TO I'm
ish the construction OF. and TO oper
ate. the Panama Canal which ha,
already been begun in the territory o
Columbia by a French company Tit
rights OF this company were according
/ ly obtained and treaty negotiate'
with the Republic of Columbia. Thii
treaty has just been ratified by th'
Senate. Il reserves Ell OF Columbial
rights. while guaranteeing all OF ou
own and those OF neutral nations, an,
specifically permits us TO take an,
and all measures for the defense o
the canal, and for the preservation o
our interests. whenever I'm our judg
ment an eXigency may arise which
calls for action on our part In othe
words, these two treaties. and the leg
islation TO carry them out. have re
suited in our obtaining on exactly th'
terms we desired the rights and priv
ileges which we had 30 long sought II
vain These treaties are among th'
most important that we have ever ne
gotiated in their effects upon the IN
ture welfare OF this country, and mari
memorable triumph OF American di
plomacy-one OF thore fortunate tri
umphs. moreover, which rebounds L
the benefit of the entire world.
About the same time trouble aros'
in connection with the republic OF Ven
ezuela because OF certain wrongs al
legged TO have been committed, and
debts overdue, by this Republic Il
citizens OF various powers, notably
England. Germany and Italy Aftel
failure TO reach an agreement thes'
powers began a blockade Of the Ven
ezuelan coast and condition o.
quasi-war ensued, The concern d
our Government was OF course not u
interfere needlessly in any quarrel 81
far as IL did not touch our interests Of
our honor. and not 20 take the All
tude OF protecting from coercion anl
power unless we were willing 10 es
pouse the quarrel OF that power, bul
20 keep an attitude OF watchful Wig
lance and see that there was no in
fringement OF the Monroe Doctrine
no requirement OF territorial Iighti