Rocky Ford enterprise., 1912-12-06

on the automatic principle that
the government of the United
States shall extend all proper
support to every legitimate and
beneficial American enterprise abroad.
How great have been the results of
this diplomacy. coupled with the max
imum and minimum provision Of the
tariff law, will be seen by some con-
sideration of the wonderful increase
In the export trade of the United
States. Because modern diplomacy is
commercial, there has been disposi.
ton in some quarters to attribute to
1t none but materialistio aims. How
strikingly erroneous is such an i'm
preston may be seen from q study of
the results by which the diplomacy
of the United States can be judged.
Successful Efforts In Promotion Of
Peace.
In the field of work toward the
ideals of peace this government ne
gotiated. but to my regret was unable
to consummate, two arbitration trea-
ties which set the highest mark of
the aspiration of nations toward the
substitution of arbitration and reason
for war in the settlement of interna-
tional disputes. Through the efforts
of American diplomacy several wars
have been prevented or ended. re-
fer to the successful tripartite medi-
alton of the Argentine republic, Bra
zil, and the United States between
Peru and Ecuador; the bringing of the
boundary dispute between Panama
~ 20 IN II nvhl
ton; the staying Of warlike prepara-
tions when Hayti and the Dominican
republic were on the verge of hostili-
ties; the stopping of war in Nicarag-
ua; the halting of internecine strife
in Honduras. The government of the
United States was thanked for its in
fiuence toward the restoration of amic-
able relations between the Argentine
republic and Bolivia. The diplomacy
of the United States is active in seek
ing to assuage the remaining ill-feel-
ing between this country and the Re-
public of Colombia. In the recent Civ
cessfully Joined with the other inter
ested powers in urging an early ces-
sation of hostilities. An agreement
has been reached between the govern
ments of Chile and Peru whereby the
celebrated Tacna-Arica dispute. which
has SO long embittered international
relations on the west coast of South
America, has at last been adjusted.
simultaneously came the news that
the boundary dispute between Peru
and Ecuador had entered upon stage
of amicable settlement. The position
of the United States in reference to
the Tacna-Arica dispute between
Chile and Peru has been one OF nom
Intervention, but one of friendly in
fiuence and pacific counsel throughout
the period during which the dispute
in question has been the subject of
interchange of views between y this
government and the two governments
Immediately concerned. In the gen.
eral easing of international tension on
the west coast of South America the
tripartite mediation, to which / have
referred. has been a most potent and
beneficent factor.
China.
In China the policy of encouraging
financial investment to enable that
country to help itself has had the re-
suit of giving new life and practical
application to the open:door policy.
The consistent purpose of the present
administration has been to encourage
the use of American capital in the
development of China by the promo
tion of those essential reforms to
which China is pledged by treaties
with the United States and other pow.
ers. The hypothecation to foreign
bankers In connection with certain in
dustrial enterprises, such as the Huku-
ang railways, of the national reven-
ues upon which these reforms depend
ed. led the department of state early
in the administration to demand for
American citizens participation in
such enterprises, 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 concerned. The same
policy of promoting international ac-
cord among the powers having similar
treaty rights as ourselves in the mat
ters 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 de-
sired by China for the reform of its
Dcurrency. The principle of interna-
tional cooperation in matters of COM
mon interest upon which our policy
had already been based in all of the
above instances has admittedly been
q 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.
Debt Adjustment.
In Central America the aim has
been to help such countries as Mica