The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-06-16

the United States has hem n contribute
~ much A. possible in helpfulness to th~ss
ends. Trts stability IL lest established
not by military hut by economic and socia
tOrces. A certain AREA Of Central America
has been VIGOROUSLY racked by revolution.
and nv a sad history Of turhulenca and
instability has besn robbed u that -four
ishing prosperity which should be ~
natural heritage.
While the greater American republics
have long since acquired an industrial
and governmental credit comparahir 10
that ~ tho oldest nations. the treasures
n some ~ the most backward republics
have a. times virtually succumbed under
the weight 81 exorhitant foreign loans.
which. with improvident financial admin
iEtratioh. have sunk them deep In debt
The problem ~ good government y mex
tricahly interviewer with that ~ ecD-
nomic prosperity and snund finance.
financial stability contributes perhaps
more than any other one factor 10 political
stability
The Republic o. Honduras is typical
a. country laboring under the DIS
advantages referred 70. N has n heavy
bonded debt, held IN kuTope for which !
u has In its national wealth no propor-
tional return The interest fell IN arrears
and Il became absolutely necessary that
the debt be refunded and the finances
placed upon q sound hasis. A. this
iuncture a group Of American bankers
came forward prepared N uf~r terms
more advantageous b Honduras than
those offered on behalf Il tho actual
creditors. Believing that a strong Hon
duTas would tend enormously toward
staple and prosperous Central America,
thia Government h heartily supporting
g. - - Ia aumaatmn ksataN
~ the arranRament made proves upon
the closest scrutiny. 10 he Just and eqii-
table, then TITS Government will be pre-
pared with the consent n the Senate u
a treaty IL desirable, % give Il saIch sane
ton a. shall afford the bankers legitimate
security for their investment by recOgni-
ton Of such relation az the Government
1T Honduras may create between the pay
menta due the isnder and q proper pOs-
ton % the customs revenues
DEALNO WITH sANro DoMINOo
Discussing the Dominicaz customs re-
Ownership. Mr.. KnOE has this comment 10
make:
The santo Domingo plan vas vigOr-
oualv opposed In and nut of Congress by
thOse Who regarded IL a. a deviation from
our policy % alOOfness from participation
in the internal Affairs of other COUNTRIES
I suppose Il Wa a departure. but n this
Government can help 10 upbuid is neigh
bOra and promote the thought that the
capital % the more advanced nations ~
the world would be better employed In
assisting the peaoeful development NJ
those more back ward than IN financing
wars. Il II such deviation from traditions
- the American people will approve
In conclusion Secretary Knox said;
4 have sought ~ show by this review
how uniformly and consistently the
motives and results ~ our International
action have tended % advance the brUther-
hood of nations. We have indeed. ~ ~
right. firmly maintained our national
sovereignty and dignity and the righis
Of our citizens and We have not avoided
war when honor aud duty have invoked
that stern arhitrament. Nevertheless We
have loyalty submitted Ourselves ~ the
control % the deals Of peaoe and % the
principles Of International comfy aBd
=s,aA =si. ss.s! - have szSTied our IN
huencs and good Ofhoes 10 guide and AID !
others along that path. We have not /
indeed, stood alone in this attl- |
tIde, hut have acted IN concert |
with other Powers who recognize |
tho sane high call and seek the same |
great ends Prom the ages Nhen barbarian /
ADD cruelty dominated the world. through /
The intervening eraa Whet advancing |
slowly extended 20 relations |
between States the forces % enlightened |
and bsnefioent private conduct. We nave 4
reached a point when u h evident that |
he future holds On store a time when 1
vars shall cease: when the nations % the /
world shall realize a federation a. rial 4
md vital 81 that nov EIbsisiing between |
he component parts % . single STATE:
when By deliberate International CON
Junction the strong shall universally helm
~ unak and when the corporate right
.ouanqaa Of the world shall compel IN
10 disappear and shall
isafroY the habitations Of cruelty atili
innpgfnR In the DART PLACES 0f the earth
MS Il 'tha spirit Of tho wide world brood
M on thingn 20 come. That day viii
b ne millennium, % course: but Ia nome
,enae and degree Il vii surely BE- realised
IN this diapensation Of mortal ums.
-It n Tor this country always 70 main
ain 10 historic policy and attitude. 20 BE-
IF,Is 10 thia Rreglegt duty % nation. which
= sufirsly consistent with III its internal
duties. 20 advancs that time which the
shnis course % history and an divine
The tumult and the shouting do. Z
he cnntaina and tho kinss depaFtH Ia ,Is
invoke thai solemn prayer ~ the nnat
~ We forgpt' that the ancisnf sacrifice
sfill rsmaind--ths uacri1os u tho aihInlf-
don % the Almighty 81 tho hearts 81 a
people rdNcluie i1r HghfeOJNneaB Thm
70 Glsnn rnallla IN aorio aofi ourselves and /
ahnu hriD che world and tha future 10 /
Iaal.Ea t1a1 'iar Of divine event % Which /
~ wfnie mH1tlcn m0Vo.2