Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1912-12-06

| enterprises, such as the Hukuang rail-
ways, OF the national revenues upon
which these reforms depended, led the
department OF state early in the admin
Is ration to demand for American citi.
zenS participation in such enterprises,
il 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 lntv-
ing similar treaty rights as ourselves in
the matters OF reform which could not
he 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 its cur
rency. The principle of international
cooperation in matters Of common in
terest upon which our policy had al
ready been based in all of the above in
stances has admittedly been great
factor in that concert Of the powers
which has been so happily conspicuous
during the perilous 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 beneficiaries. The
| national benefit to the United States IL
| twofold. First, 1t 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 he 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.
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 be-
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-
lies to rehabilitate their finances to
establish their currency. on q stable
basis, to remove the custom houses
from the danger of revolutions by ar
ranging for their secure administra-
ton, and to establish reliable banks.
| 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 bluejackets. Since the re-
establishment of peace and order cleo
lions 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-
ton upon foreign interests. There have
constantly required 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-
ton, steadfast recognition of constitut-
ed authority in the neighboring ma
ton and the exertion Of every effort
to care for American interests. pro-
foundry hope that the Mexican nation
may soon resume the path Of order,
prosperity and progress. To that ma
ton In Its sore troubles the sympa-
thetic friendship Of the United States
has been demonstrated to a high de-
gree.
There were in Mexico at the begin
ming Of the revolution some 10000 or
10000 American citizens engaged In
enterprises contributing greatly to the
prosperity Of that republic and also
benefiting the important trade between
the two countries. The investments of
American capital In Mexico has been
estimated at 81 600, 100000. The respon-
-