The Montgomery advertiser., 1907-12-29
On Beneficial Effect of
 A1nada.
HON. JOHN BARRETT SPEAKS
One Significant Thing Has Been
 Overlooked.
Director General of Bsreau of Repub- lie. Says Lat.a Race VIII Be Reminded of the Monroe
 Doctrine.

Madison, Wis, Dec. 28-The benefi- cial effort of the Pacific cruise now be- ing made by Admiral Evans's big fleet on the relations of the Latin-American Republics to the United States was poin.ed out by John Barrett, in an ad- dress before the American Political Science Association in session here to- day.
 Mir. Barrett, now Director General of the International Bureau of American Republics. formerly United States Min ister to Argentina, Colombia and Pan- anna, spoke on 'The New South Ameri- ca and Its Relations to the United States" Continuing, after reviewing the development of South America and United States of maintaining commer- cial control and moral influence. in competition with Europe in the repub- lies. Mir. Barrett said
 "One of the most important effects. if not the principal reason for the sailing of the battleship fleet to the Pacific has been almost overlooked in the discus sion of the effect on Japan and that is the impression created in South Amer lea.
 We have failed to note that the great newspapers and leading men of our sister republics are giving even more attention to the movement of this armada than are those of our Oriental neighbor. The powerful and progress sive republics of South America. like Brazil. Argentine and Peru. which are fast becoming world powers, are not only welcoming the coming of the ships and applauding this vast and unique naval undertaking, but are planning to give the fleet a reception that will not be surpassed in cordiality. enthusiasm and extent by any reception that may be accorded them laterf on either our own Pacific coast or the ports of the Orient.
 At Rio Janeiro. in Brazil, and again at fCallao. in Peru. Admiral Evanss fleet will be greeted and treated as the real representative of the naval strenrtfa as Secretary Root was the true eriyoy of the new diplomacy Of the United States, which commercially. historically and geographically IS the natural ally and friend Of all south America.
 sTn short, the voyage around South America of this fleet. while not in any way intended or planned to impress South America and. therefore. all the more appreciated by thems will be be- yond a doubt or issue the settlement of one point often discussed in South America which doubts the strength and capacity of the United States as com pared to Europe. If ever the necessity should come. which God forbid, the United States could enforce and main tain its position that the Monroe doc Urine Is a strong living issue, never to be forgotten in the competition Of nations for power and influence on the Western henisphe
 At the convention today the subject of Economic theory was discussed. Irving Fisher. of Yale University read a paper on Are Savings Income Safe?" Late this afternoon David R. Dewey, of the Massachusetts Institute of Technol- ogy. delivered a speech setting forth the asset currency plan of the Ameri- can Bankers Association. The sub iect of transportation was discussed by Harrison S. Smalley. of the Univer- sity of Michigan. MT. Smalley spoke on the theme The Basis of Reason able Railroad Rates" He said in part:
 "I believe that we would take a long step forward If we should abandon the idea of Justice in rates and should frankly recognize that under a system of private ownerships and operation.' rates must of necessity frequently work injustice and that in all such cases the proper rate--indeed the reasonable rate--is attained when the burden of injustice has been properly placed or The important question then Is as to the proportionate burden of injustice which should rightfully be borne by the railroads on the one hand and the public on the other"
 George E. Thatcher, of Portland. Ore. spoke on the Oregon Initiative and Ref erendum.