Norwich bulletin., 1912-12-04

lQe uFpOsu0CdllUn LO lOTelEu OdHk- CTS in connection with certain indus trial enterprises, such as the Hukuang railways. Of 'he national revenues upon which these reforms depended, led the department of state early in the ad- i Ininistration to demand for American citizens participation in such enter ! prises, in order that the United States might have equal rights and an equal voice in all questions pertaining to the disposition of the public revenues con- cerned
 The same policy of promoting inter- national accord among the powers havH Ing similar treaty rights as ourselves in | Fhe matters of reform. which could not se put into practical effect without the common consent of all. was likewise | adopted in the case of the loan desired 1, by China for the reform of it's curren- cy. The principle of international CO operation in matters of common inter- | est upon which our policy had already 1 been based in all of the above instances has admittedly been 2 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. 1 They are the immediate benefciaries. The national benefit to the United States is twofeld. 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 anywhere else. There. too. the maintenance of that doctrine falls most heavily upon the United States. It is therefore 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 international 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 a helping hand to the financial re- mobilization 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.
 The second advantage to the United States Is one affecting chiefly all the southern and gulf ports and the busi- ness and industry of the south. The republics of Central America and the Caribbean possess great natural wealth. They need only a measure of stability and the means of financial regeneration to enter upon an era of peace and prosperity, bringing profit and happiness to themselves and at the same time creating conditions sure to lead to a feurishing interchange of trade with this country.
 I wish to call your especial attention to the recent occurrences in Nicaragua, for I 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 woundlng 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 its 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 rehabllitate their finances. to establish their currency on a 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.
 During this last revolution in Nica- ragua the government of that republic having admitted its inability to pro- tect American life and property against acts of sheer Iawlessness on the part of the malcontents and hav- ing requested this government to as- sume that office, 1t became necessary to land over 2,O00 marines and blue Jackets in Nicaragua. Owing to their presence the constituted government of Nicaragua was free to devote it's attention wholly to it's internal trou- bles and was thus enabled to stamp out the rebellion in a short space of time. When the Red Cross supplies sent to Granada had been exhausted, 5000 persons having been given food in one day upon the arrival of the American forces, our men supplied other unfortunate, needy Nicaraguans from their own haversacks.
 I wish to congratulate the officers and men of the United States navy and marine corps who took part in re-establishfng order in Nicaragua up- on their splendid conduct and to rec ord with sorrow the death of seven American marines and bluejackets. Since the re-establishment of peace and order elections have been held amid conditions of quiet and tranquil lity. Nearly all the American marines have now been withdrawn. The coun- try should soon be on the road to re- covery. The only apparent danger now threatening Nicaragua arises from the shortage of funds. Although American, bankers have already rem dered assistance. they may naturally be loath to advance a lean adequate to set the country upon its feet without the support of some such convention as that of June, 1911, upon which the