The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-10-13

the north and the lStnmuS OF Iahalha
on the south. they have had the bene-
ii, of all the wealth that nature with
"a generous hand can bestow. and il
only peace could be secured for one
or two decades, prosperity would
rusue. It has been exceedingly diff
hcult. however, to preserve peace, be-
cause INSCRIPTIONS and ambitious ad-
Neumrers leading a revolution in one
country excite disturbances in anoth
cr.
There is IA very decided objection
I'm the senate to the approval of these
treaties. ! doubt if ! can fairly state
these objections. This is duG, per
haps. to the depth of my conviction
that the treaties ought to he ratified
because they are of the utmost impoi-
tance in the promotion Of peace on
this hemisphere. in a region where
there has been no peace. The general
argument seems to be that We ought
not to involve ourselves in entangllnS
advances with republics in this hem
isphere, or to engage in what seems
a mere banking arrangement for ne
promotion of banking contract. l.
is objected that this is dollar diplom-
acy." and that we ought to have none
OF it. Give dog bad name and
You know what follows. To call
particular piece Of statecratt dollar
dir omacy" is TO invoke the condem-
nation Of undertaking journals, whose
chief capital is in the use of phrases
OF lurid character. The United States
did not enter into this treaty for the
promotion of its own banking bust
ness or that of any OF its citizens. 1t
was thought advisable to favor "A con
tract with American bankers rather
than with foreign bankers, because
such a contract would tend to keep
trade with America, rather than dl-
vert it to European markets. mean
the trade of these countries. AS 1t
is now. large part OF the Honduras
trade. both export and import, is with
the Gulf ports of the United States.
Peace and prosperity will largely in
crease this trade, and with an Ameri-
can loan and our protection of the
contract we are sure TO retain this
trade, which will increase, instead OF
its going to some other country. THIS
is the correct object and purpose ol
diplomatic negotiation. Trade is not
the chief purpose of the contract, for
as | have already explained, it is &c
promote peace in this part of the
world, part of the world so near the
Panama Canal as to give us an add
tional geographical reason for desir
ing to eliminate revolution and war
| fare. As "A matter of fact, it will re
duce our naval expenditures by aim
inishing the number of gunboats We
have to maintain in all this region
An examination of our expenditures
on this account during the last fv'
years will show that this is consid
erablc
In the ,romotion OF this humane
policy the administration has done l.:
mart. The treaties with Honduras AM
Nicaragua have been negotiated ant
contracts for loans under their proYis
ions have been tentatively approved
All have been submitted to the senat
and are pending there, 1t is for tn
senate TO decide whether this, tn
most effective step in the promotion
peace on this continent, shall be tat
en-: whether the finances of these re
publics shall be put on a sound an
stable basis, their citizens relieve
of the diScouraging burden of del
largely fictitious and greatly dispr'
portionate to their revenues, and tn
lOrtalS OF prosperity thrown open
them. Until approved by the uppe
house of congress the treaties mus
remain wholly imperative.
"But if YOU agree with me tha
every dictate of prudence, of commo
sense, OF friendship and neighborl
ness, as we'll as loyalty to the caus
OF peace, makes mandatory the a.
proval of these treaties, you will hop
and urge as earnestly as | that tn
senate, in its wisdom, will give
them its prompt and emt hattie a.
proval."