Weekly journal-miner., 1912-12-11

study of the results by which the diplomacy of the United States can be judged" says the President.
 He mentions the arbitration trea- ties with France and Great Britain. which failed of confirmation in the Senate; the successful ,ripar,ite me dia,ion of the Argentine Republic, Brazil, and the United States, be- tween Peru and Ecuador; the arbi- tration of the Panama Costa Rica boundary dispute; the intervention between Maiti and the Dominican Republic on the verge of war, the suppression of the Nicaraguar War, the halting of intcrnccine strife in Honduras the adjustment of the celebrated Tacna-Ariea dispute be- tween Peru and Chile, and the ad- justment of the Peruvian Ecuador ian boundary issue.
 In consequence of these things, says the President, there has been , general easing of international ten sion on the West Coast of South America He also adds that the di- plomacy of the United States is active in seeking to assuage the re- maining illfeeling between this country and Columbia.
 Taking up some of the details of the years diplomatic work. the
 President refers with expressions of pride to China, where, "the policy of encouraging financial investment to enable that country to helping itself has had the result of giving
 new life and practical application to the open-door policy" The con
 Sistcnt purpose has been 10 encour-
 age the use of American capital in
 China says the President, to pro-
 mote the reforms to which tha,
 country is pledged by treaty with
 the United States and other powers
 There has been vigorous assertion
 also, he says, of the equal right oi
 the United States to a voice in all
 questions pertaining to Chinese
 loans and developments.
 President Taft makes the direct
 charge that the terrible events re
 corded in Nicaragua recently tho
 useless loss of life. the devastation
 of property. the bombardmcnt O
 the principal cities, the killings an'
 the tortures and suffering, "mlgh have been averted had the Depart mcnt of State. through approval O the loan convention by the Senate been permitted to carry out its nov we'll developed policy"
 "In Central America the aim Ina been to help such boundaries a Nicaragua and Honduras to hel themselves" says President Taft.
 While they are the immediat : beneficiarics. the profit 10 the Unite
 States is two-fold. he adds. Tn ( Monroe Doctrine is more vital v the neighborhood of the Panam = Canal, and such countries shoul h be relieved of the jeopardy of heav | foreign debts likely to provoke II - ternational complications
 s The financial rehabilitation h these countries by American ban' h CTS and the protection of their eu t toms houses from being the pre- s of would-be dictators says the Pres {. dent. would remove the menace W foreign creditors and revolu'ionai z disorder. Furthermore the Unite e States would profit largely in
 business way through the develo Is ment of the great natural recoure Ie of Central America, 1t Commenting the successful resu' -e of the application of the new ne IS ,rality laws to Mexico and oth m ,,oublcd countries the President su of oests that means be found m a v- dition to prevent the profession ,e revolutionists from making Ame ,s can parts "faci" for revolutiona d intrigue. He reiterate his determ' m a,ion to adhere in the ease of Me'
 co to the patient policy oi no d. intervention, steadfast recognition Id constituted authority, and the es' IT. lion of every effort to protect :" is erican interests"
 as Other paragraphs of the messa It ooint to the increase oi hmef'e .i- domestic exports by $Do'Wo' he during the past year. mak'ng ~ yy orca,est total ever known, @'" E." mo 900; 10 the agricultural ere se svstem which he thoroughly al. do,sed. to the necessity o' an a ne endmen, of the fur-seal act to per- mi ,;m;,ine killing of seals; to a me