The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-05-04
DOLLAR DIPLOMACY
FINDS A DEFENDER
At PEACE MEETING
Huntington Wilson, Assist
ant Secretary of State,
Sounds Keynote of Taft's
Foreign Policy.


eign trade AZ conducive to peace Co
incides with the business mans in
terest In foreign trade for financial
profit.
Il Creates Prosperity.
1T means using the capital OF the
country In the foreign field In man.
ner calculated to enhance fixed ma
tional policies. II means the substi.
tuition Of dollars fir bullets. 1t means
the creation of prosperity which will
be preferred to predatory strife. It
means availing OF capitals self-inter-
est In peace. II means, taking ad-
vantage OF the interest In peace of
those who benefit by the investment
of capital. II recognizes that finan-
cial soundness. Is a potent factor In
political stability: that prosperity
means contentment and contentment
means repose.
'"rhis thought Is at the basis OF the
policy OF the United States in Central
America and the zone OF the Caribbean.
There this policy Is one of specia; help
fulncss In a SneighborhoOd where peace
and progress are especially important
10 the United States. and where,
moreover. they are due the aspirations
and the splendid resources of the peo-
pies OF those neighboring republics.
In China the same principle has
been invoked to enable the United
States to take it's share in the ma
terial. as 1t has in the moral and in
tellectual development OF that great
Empire.
ITO the intellectual and moral de-
velopment Of the progressive Ottoman
Empire the United States has cOntri.
buted the greatest share. There. too.
Il IL hoped that American commerce
and materia; enterprise will also con.
tribute.
80. also Dollar Diplomacy is en-
abling the United States. through a
loan by this country. Great Britain.
France. and probably Germany, to
give practical effect to It's ancient spe.
cial obligations to Liberia, Incidental
!, ly removing the causes Of friction be-
tween that struggling Republic and
lts powerful neighbors.
World Peace Ideal.
"Tho Presidents aspirations to the
ideal Of world peace was signalized In
more abstract form In the pubic ut.
terance on the 18th Of last Decem.
iber Of hts hope that the two great
English-speaking people might set a
new and higher standard Of interna-
tional selfcontrol by q broader treaty
Of arbitration. As you know, this task
10 now the subject of pourparlers be-
tween the American and British gov.
ernments. and II Is not improbable
that diplomacy may gradually solve
the extremely difficult problem Of
finding practicable bases Of negotia-
ton.
Governments are the trustees Of
the nations International interests.
They hear this heavy responsibility
and consequently are beset at every
turn by considerations of what Is prac-
lticab;e. what Is practical. what Is now
and will In future be for the true and
enduring benefit Of the nations they
serve.
"Thus the everyday work OF peace
through q benevolent and candid dip
lomacy. ~ well as the definite work
lng out OF the occasional marked ad-
vances In international morality. must
fall upon governments and upon de-
partments OF government export in
the facts of international relations"