Gilpin observer., 1905-08-17
THE MONROE DOCTRINE
As ROOSEVELT iNTERPRETs 1T.
Presidents Notable Speech at chau.
tauqua, N. Y.-Earnest Words On
tho Trust Problem.


tho Trust Problem.
ChautauQua, N. Y. Aug 12.-"Let US
give President Roosevelt the Chautau-
qua salute at its best"
With thes words Bishop John H.
Vincent closed his brief introduction
Of the President to the Chautauqua
assembly yesterday.
Instantly 10000 white handkerchiefs
futtered in the air over the heads Of
the vast audience in the great amphi-
theater.
It was an inspiring and beautiful
sight. and as President Roosevelt
stepped forward smiling. the audience
rose as one person and Qheered en-
thusiastically.
President Roosevelt began the deliv-
cry of his address at 11:05- He said:
To-day I wish to speak to you on
the feature of our national foreign pol
icy and one feature of our national do
mestic policy.
"The Monroe doctrine Is not q part
Of international law. But it is the fun
damental feature of our entire foreign
policy, SO far as the Western hemis.
phere is concerned, and it has more
and more been meeting with recogni-
ton abroad. The reason why it Is
meeting with this recognition is be-
cause we have not allowed 1t to be-
come fossilized, but have adapted our
construction Of it to meet the growing.
changing needs of this hemisphere.
Fossilization, Of course, means death,
whether to an individual, q govern
ment., or a doctrine.
"As regards the Monroe doctrine,
we must recognize the fact that in
some South American countries there
has been much suspicion lest we
should interpret the Monroe doctrine
in some way inimical to their inter
ests. Now, let 1t be understood once
for all that no Just and orderly govern
ment on this Continent has anything
to fear from US.
''It must be understood that under no
circumstances will the United States
use the Monroe doctrine as a cloak
for territorial aggression. Should any
OF our neighbors, no matter how tur-
bulent, how disregardful of our rights.
finally get into such a position that the
utmost limits Of our forbearance are
ASoShSdp oh ehC PSOPASE SoueA OA us
may rest assured that no action will
ever be taken save what is absolutely
demanded by our self-respect; that
this action will not take the form of
territorial aggrandizement on our
part"
The President, in discussing the
trust problem, said:
THE enormous increase in inter
state trade makes it proper that the
federal government should, so far as
may be necessary to carry into effect
its national policy, assume a degree Of
administrative control OF these great
corporations.
Certain meat packers
will have to submit to reasonable su.
pervision anil regulation by the ma.
tional authorities. or else they will ul.
timately have to submit to governmen.
tai action Of far more drastic type.
We must not try to go too fast, un.
der penalty Of finding that we may be
going in the wrong direction; and, in
any event. We ought always to pro-
ceed by evolution, and not by revolu.
ton.
"The laws must be conceived and
executed in spirit of sanity and jus.
tice, and with exactly as much regard
for the rights Of the big man as for
the rights of the little man-treatina
big man and little man exactly alike. !"