The Washington times., 1911-05-04
MONROE DOCTR| Ne
CALLED USELESS BY
SOUTHERN SPEAKER
Representative Slayden Says
1t Has Outlived Its
Purpose.

BALTIMORE, May 4.-Holding that
the Monroe doctrine is no longer of
service and that it coul dbe cast aside
at any time, Representative James L..
Slayden of Teaxs made a strong ad-
dress at the opening of the second days
session of the third National Peace
Congress, which was held in Mccoy
Hall, Johns Hopkins University, today.
In his speech Representative Slayden
of Texas said:
THE rule laid down by MIR. Monroe
served a good purpose one time. but the
necessity for it passed long ago. When
announced it was a means of defense
for a weak country
James Speyer. the New York financier,
spoke before the congress. Assistant
Secretary Huntington Wilson, in his ad-
dress, made a strong plea for the
Knox doctrine.
A stout defense Of the Dollar Di-
plomacy" as a policy which, by Gre
ating prosperity. meant ultimately the
''substitution of dollars for bullets,
was the argument made by Huntington
Wilson, Assistant Secretary of State.
He declared that ample armament
was the best safeguard of peace, and
SGl llldl SuCl a SNdkC VA Pi NNtAS0S
could be accomplished without burdeh-
ing the taxpayers.
The nation which can do the most to
secure international peace, he asserted.
must be the nation with the highest
ideals, plus the greatest military ef-
cheney. War springs from the human
heart, not from the arsenal, and the
human heart rather than the arch1Ves
of diplomatic engagements, is still the
only ultimate sure abode of peace.
Commerce Important Factor.
Another practical mode of pursuing
the ideal of world peace is the true
meaning of what has been called Dol
lar Diplomacy Today international
commerce is everywhere an important
department of diplomacy. Dollar
diplomacy really means the use of the
capital of the country in the foreign
field in a manner calculated to enhance
fixed national policies.
1T means the substitution of dollars
for bullets. II means the creation OF
prosperity which will be preferred to
predatory strife. 1t means taking adS
vantage of the interest in peace OF
those who benefit by the investment of
capital. 1t recognizes that financial
soundnesS is potent factor in po-
Htical stability: that prosperity means
contentment, and Contentment means
repose."
This thought, Wilson asserted, was at
the ba sis of the Central and South
American policy of the United States.
1t was through intercession Of Uncle
Sam, he said, that Ecuador and Peru,
and San Domingo and Haiti had been
kept from war, and civil strife ended In
Honduras.
Great Britain Arbitration.
Wilson declared his belief that Presi-
dent Taft's arbitration treaty with Great
Britain would ultimately be ratified by.
both nations.
A fervent tribut to President Taft
for his Anglo-American arbitration plan
declare to be "a more important step
on the human stage than the emanci-
patton proclamation" was given by
Representative Richard Bartholdt.
In a tribute to the peace negotiations
with England Senator Theodore +. Bur-
ton of Ohio, presiding officer at Il
meeting of various peace societies. said ::
THE question of immediate impor-
tance before the country today is the
proposed arbitration treaty with Great
Britain. Let this once be adopted and
the greatest benefit in the cause of
peace will have been gained which has
been accomplished for many decades.
, II ratified other nations will recognize
fits benefits and follow after.
The annual meeting of the American
Peace Society will be held at the close
of the afternoons session.