The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1912-12-04

In connection with certain industrial
enterprises, such as the Hukuang rail
ways, OF the national revenues UPON
whlch these reforms depended, led the
department Of state early i'm the admin
lstration to demand for American citi
Zens participation in such enterprises.
III order that the United States might
nave equal rights and an equal voice in
all questions pertaining to the DISPOSE
ton OF the public revenues concerned
The same policy Of promoting inter
national accord among the powers hav-
ing similar treaty rights as ourselves in
the matters Of reform. which could not
be put into practical effect without the
common consent OF all. was likewise
adopted In the case Of the loan desired
by China for the reform of it's cur
rency. The principle of international
cooperation in matters Of common in.
terest upon which our policy had al
ready been based i'm all of the above in
stances has admittedly been a great
factor In that concert Of the powers
which has been SO happily conspicuous
during the perious period of transition
through which the great Chinese nation
has been passing.
Central America Needs Our Help In
Debt Adjustment.
In Central America the aim has been
to help such countries as Nicaragua
and Honduras to help themselves. They
are the immediate beneficiarles. The
national benefit to the United States Is
twofold. First. it Is obvious that the
Monroe doctrine is more vital in the
neighborhood Of the Panama canal and
the zone of the Caribbean than any.
where else. There, too. the mainte
nance OF that doctrine falls most heav
lily upon the United States. 1t is there.
fore essential that the countries within
that sphere shall be removed from the
jeopardy involved by heavy foreign
debt and chaotic national finances and
from the ever present danger Of inter
national complications due to disorder
at home.
Hence the United States has been
glad to encourage and support Ameri.
can bankers who were willing to lend
helping hand to the financial re-
habilitation Of such countries because
this financial rehabilitation and the
protection OF their custom houses from
being the prey Of would be dictatOrs
would, remove at one stroke the men,
ace OF foreign creditors and the men
ace Of revolutionary disorder.
l wish to call your especial attention
to the recent occurrences In Nicaragua.
for | believe the terrible events re-
corded there during the revolution of
the past summer-the useless loss of
life. the devastation Of property. the
bombardment Of defenseless cities, the
killing and wounding Of women and
children. the tOrturing OF nOncombat.
ants to exact contributions and the
suffering OF thousands Of human he
ings-might have been averted had the
department OF state. through approval
OF the loan convention by the senate,
been permitted to carry out it's now
well developed policy Of encouraging
the extending Of financial aid to weak
Central American states with the pri-
mary objects OF avoiding Just such
revolutions by assisting those repub-
Hes to rehabiltate their finances. to
establish their currency on a stable
OASIS. to remove the custom houses
from the danger Of revolutions BY ar.
ranging for their secure administra.
tion. and to establish reliable banks.
l wish to congratulate the officers
and men OF the United States navy and
marine corps who took part in re-estab.
fishing order In Nicaragua upon their
splendid conduct and To record with
sorrow the death Of seven American
marines and hluejackets. Since the re.
establishment OF peace and order elcc
tions have been held amid conditions of
quiet and tranquility. Nearly all the
American marines have now been
withdrawn.
Our Mexican Policy.
For two years revolution and counter
revolution have distraught the neigh
boring republic Of Mexico. Brigandage
has involved great deal Of depreda-
tion upon foreign interests There nave
constantly recurred questions Of ex-
treme delicacy. On several occasions
very difficult situations have arisen on
our frontier. Throughout this trying
period the policy Of the United States
has been one Of patient noninterven-
tion. steadfast recognition OF constitute.
ed authority In the neghborinc ua
ton and the exertion Of every effort
to care for American interests. pro-
foundly hope that the Mexican nation
may soon resume the path Of order.
prosperity and progress. To that ma
ton In It's sore troubles the svmpa-
thetic friendship of the United States
has been demonstrated to high de-
gree.
There We're I'm MpyjcO at tho bar;r