Yellowstone monitor., 1912-12-05

/ Nt'p1tS USlNSNH E8HIt tE1a
ana Costa Rica to peaceful arbitra-
uon; the staying of warlike pfepara-
! ions when Haiti and the Dominican
Republic were Oh the verge of hostiI-
/ ltles; the stopping of war In Nicara-
qua; the halting Of internecine strife
| In Honduras.
Inc government OF the United
states was thanked for its influence
| toward the restoration of amicable re.
| iations between the Argentine Republic
and Bolivia. The diplomacy of the
United States is active I'm seeking to
| assuage the remaining i'll feeling be-
tween this country and the republic of
Colombia. III the recent civil war In
CHINA the United States successfully
| joined with the other interested powers
! In urging an early cessation of hostili-
| ties. An agreement has been reached
| between the governments of Chile and
Peru whereby the celebrated Tacna-
! africa dispute, which has so long EN-
Uttered international relations on the
west coast of South America, has at
! last been adjusted. simultaneously
came the news that the boundary dis
pnte between Peru and Ecuador had
entered upon stage of amicable set
tlement
China.
/ In China the policy of encouraging
/ financial investment to enable that
country to help itself has had the result
Of giving new life and practical appli-
cation to the open door policy. The
consistent purpose Of the present ad
ministration has been to encourage the
| use of American capital in the develop
ment Of China by the promotion of
those essential reforms to which China
Is pledged by treaties with the United
States and other powers.
The hypothecation to foreign bankers
| In connection with certain induskria
| 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.
| istration TO demand for American citl.
| zens participation III such enterprises
| in order that the United States might
| have equal rights and an equal voice IN
all questions pertaining 10 the iisposi-
| ton Of the public revenues concerned.
The same policy Of pr'Aaoting inter
! national accord among the powers havs
! Ing similar treaty rights as ourselves in
/ the matters of reform, which conld mot
| 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 refarm of ITS eur
] 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 ii 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 Ia
Debt Adjustment.
In Central America the aim has been
to help such countries as Nicaragua
and Honduras to help themselves. They
are the immediate benehcfaries. The
national benefit TO the United States Il
twof0ld. First, ii 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-
! fly upon the United States. II IL there
| fore essential that the countries within
that sphere shall be removed from the
| ieopardy involved by heavy foreign
debt and chaotic national finances and
from the ever present danger Of inter
national complications dua 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-
babiHtation Of such countries because
fhis financial rehabilitation and the
nrofection of their custom houses from
heing 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
n the recent occurrences in Nicaragua,
for I believe the terrible events re-
eorded there during the revolution q
the past summer-the useless loss OF
life the devastation OF property, the
hombardment Of defenseless cities, the
killing and wounding Of women and
children. the torturing OF noneomDat-
apf< 70 exact contributions and. the
suffering OF thousands OF humau be
Irrs-micht have been aTerted h;ad.the
aanarfrnent Of state. through approval
~ the loan convention by the senate
haa,s permitted to carry out It's Ao"
we'll developed policy Of encouragane
the extending or financial aid 60 Wea
Central American states with the pr, pr,,
nary objects Of avoiding just sueh
revolutions BY assisting those repap-
I,cs II rehabilitate their nnanees9 y
establish their currency on sfapie
basis to remove the custom nouses