Arizona republican., 1909-12-08

with masnamity. would assuage all
 embitterment. this government stead
 lily abstained from being drawn into
 the controversy and was much grati
 fled to find its confidence justified by
 events.
 On the 9th of July next, there will
 be opened at Buenos Ayres. the fourth
 Pan American conference This con ference will have a special meaning
 to the hearts of all Americans be-
 cause around its date are clustered
 the anniversaries of the independence
 of so many of the American republics
 It is not necessary for me to remind
 the congress of the political, social
 and commercial importance of these
 gatherings. You are asked to make
 liberal appropriation for our partic-
 ipation. If this be granted. my pur-
 pose is to appoint a distinguished and representative delegation qualified fit tingly to represent this country and to deal with the problems of internat- ional interest which will there be discussed.
 The Argentine Republic will also hold, from May to November. 1910. at Buenos Ayres. q great international agricultural exhibition in which the United States has been invited to participate. Considering the rapid growth of the trade of the United States with the Argentine Republic and the cordial relations existing be- tween the two nations. together with the fact that it provides an oppor- oh Iaf. republic on the occasion of the cele- bration of its national independence. the proper departments of this gov ernment are taking steps to apprise the interests concerned of the oppor- tunity afforded by this exhibition, in which appropriate participation by this country is so desirable The des- ignation of an official representative is also receiving consideration.
 Protection of American Capital
 Today. more than ever before, Am erican capital is seeking investment in foreign countries and American pro ducts are more generally seeking for eisn markets. As consequence in all countries there are American citi- zens. and American interests to be protected, on occasion, by their gov ernment. These movements of men. of capital and commodities bring peoples and governments closer to- gether and so form bonds of peace and mutual dependency. as they must also naturally sometimes make pass ing points Of friction. The resultant situation inevitably imposes upon this vastly increased respOn- | abilities. This administration. through | the department of state and the for eign service. is lending all proper sup port to legitimate and beneficial Am | erican enterprises in foreign countries. l the degree of such support being | measured by the national advantages {, by contract or otherwise, di- | vest himself of tine right. nor can | this government escape the obliga- ! tiOns of his protection in his personal | and property rights when these are unjustly infringed in a foreign coun try. To avoid ceaseless vexations. it | Is proposed that in considering I whether American enterprise should ! be encouraged or supported in par .icular country, the government should give full weight not only to the national. as opposed to the individual |, benefits to accrue, but also to the | fact whether or not the government | If the country in question is in it's and in its diplomacy faithful to the principles of modera ton. equity and justice upon which alone depend international credit. in diplomacy as well as in finance.
 The Pan-American policy of this government has long been fixed in it's principles and remains unchanged. With the changed circumstances of he United States and of the republics to the south of us, most of which nave great natural resources, stable government and progressive ideals. he apprehension which gave rise to he Monroe doctrine as it exists nor my other doctrine of American policy