Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1912-12-07

Q}ep1tS' winch ha6 so i0nH NWDlttef-
ed International relations Oh the
west coast 81 South America, has at
last been adjusted. simultaneously
came tho news that the boundary dis-
pute between Peru and Ecuador had
entered upon stage Of amicabie set
Element The position Of the United
States in reference 10 the Tacpa-Ar-
ica dispute between Chile and Peru
has been one Of noninteryention bit
one Of friendly Influence and pacific
counsel throughout the period during
which the dispute IN question has
been the subject OF interchange Of
views between this Government and
the two Governments Immediately
concerned. In the general easing OF
international tension ON the west
coast Of South America the triparito
mediation to which have referred,
has been a most potent and benef-
cent 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 10 encourage
the use Of American capital in the
development OF Oh ma BY the promo
ton OF those essential reforms TO
which China Is pledged by treaties
with the United States and other
powers. The hypothecation TO for
eign bankers in connection with GER
tain industrial enterprises such as
the Hukuang railways, Of the nation
al revenues upon which these reforms
depended led the Department Of
State carly In the administration to
demand for American citizens partic-
ipation in such enterprises, in order
that the United States might hare
equal rights and an equal voice in III
questions pertaining to the disposition
of the public revenues concerned.
The same policy OF promoting interna-
tionai accord among the powers hav-
ing similar treaty rights as oursel-
yes in The matters Of reform which
could not be pn into practical effect
without the common cons OF all.
was likewise adopted in the case Of
the loan desired by China for tie re.
form OF its currency The prmciI o
of International cooperation in mat
ters OF common interest upon which
our policy had already been based in
all of the above Instances has admit
tedly been a great factor in that con
cert of the powers which has been so
happily conspicuous during the peril
Gus 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 Mic
arngua and Honduras TO help them
selves. They are the immediate bene
ficiaries The national benefit to the
United States is twobld. First, il 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. 1t is therefore, essential that
the countries within that sphere shall
be removed from the jeopardy inyol-
we'd by heavy foreign debt and chao-
tic national finances and from the
ever-present danger OF international
complications due 70 disorder at
home. Hence the United States has
been glad to encourage and support
American bankers Who were willing
to lend a helping hand to the finan-
cial rehabilitation Of such countries
because this financial rehabilitation
and the protection bf their custom
houses from being the prey of would
be dictators would remove at one
stroke the menace OF foreign creditors
and the menace of revolutionary dis
order
The second advantage to the Unit
ed States is on affecting chiefly all the
southern and Gulf Eprts and the bust
ness and industry III the South The
Republics of Centr4l America and
Caribbean posses great natural
wealth. They Need only measure of
stability and the means of financial
regeneration to enter upon an era of
peace and prosperity, bringing profit
and happiness 10 themselves and at
the same time creating conditions
sure to lead 20 "A Furnishing inter
change of trade with this country
I wish to call your especial atten-
ton to the recent occurrences in Mic
aragua, for ! believe the terrible
events recorded there during the rev.
olution of the past summer-thee use
less loss OF Lie. Tie devastation OF
property the Commandment Of de-
tenseless cities, the killing ana wound
ing of women aud children, the tor
turing Of uoncombalants TO exact con.
tribuuons, aud the Suffering OF thou