Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1912-12-05

MouiOc uOCtIlue II more V1JHI IN uue
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. It IL there
fore essential that the countries within
that sphere shall he removed from the
jeopardy involved by heavy foreign
debt and chaotic national f,nances 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 70.
Mobilization Of such countries because
this financial ehabllltation and the
protection Of their custom houses from
being the prey Of would he dictatora
would remove at ono 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 defcnseless 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-night 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 wea I
Central American states with the pri.
mary objects Of avoiding Just such
revolutions by assisting those repub.
lies to rebabilitate 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 r. ->ble banks.
! wish to congratulate the officers
and men OF the United States navy and
marine corps who took part in rc.estab b.
fishing order in Nicaragua upon their
splendid conduct and TO record with
sorrow the death Of seven American
marines and hlueiackets. Since the re-
establishment Of peace and order cleo
tons 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withdrawn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 ard counter
boring republic Of Mexico Rrgandaee
has involved great deaf Of depreda-
ton upon foreign interests. There nave
constantly required questions Of ex.
IRENE delicacy. On several occasions
very dfiicult situations have arisen on
our frontier. Throughout this trying
period the policy Of the United States
has been one OF patient nonlnterven-
ton. steadfast recognition Of CONSTITUTE
ed authority in the neighhoring ma.
ton and the exertion Of every effort
10 care for American interests. pro.
foundly hope that the Mexican nation
may soon resume tho 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 q high de.
gree.
There were in Mexico at the begin
ming Of the revolution some 10000 OF
10000 American citizens engaged in
enterprises contributing greatly to the
prosperity OF that republic and also
benetting the important trade between
the two countries. The investments OF
American capital In Mexico has been
estimated at 81. 600, GOO, 900. The respon-
s!hility Of endcavoring to safeguard
those interests and the dangers insep-
arabic from propinquity to so turbulent
a situation have been great, but am
happy to have been able TO adhere to
the policy above outlned-a policy
which hops may soon be justified by
the complete success Of the Mexican
people In regaining the blessings OF
peace and good order.
Agricultural Credits.
A most important work accomplished
in the past year by the American dip
'omatic officers in Europe is the inves.
tigation Of the agricultural credit sys
tenn in the European countries. Both
as means to afford relief to the con
sumers of this country through q more
thorough development Of agricultural
resources and as means Of more sufii.
GENTLY maintaining the agricultural
population. the project to establish
credit facilities for the farmers is q
concern Of vital importance to this ma.
tion.
No evidence Of prosperity among well
esta blished farmers should blind US to
the fact that lack Of capital is prevent.
Ing development Of the nations agri.
cultural resources and an adequate in.
crease of the land under cultivation;
that agricultural production is fast fall.
Ing behind the increase In population
and that, In fact. although these well
established farmers are maintained in
Increasing prosperity because Of the
natural Increase in population. we are
not developing the industry of agricul.
ture.
Advantage Of Maximum and Minimum
Tariff Provision.
The importance which our manufac-
lures have assumed In the commerce
of the world In competition with the
manufactures Of other countries again
draws attention to the duty Of this
government to use its utmost endeav.
ors to secure impartial treatment for