The Washington herald., 1914-03-14

the doctrine in the sense of refusing to
allow European countries to acquire
land on the American continent. We
have no desire to discourage the invest
ment Of European capital What we will
not tolerate is to permit European I'm
anciers under the guise Of investments
to gain concessions practically amount-
ing to ownership Of land.
These are not the exact words I used,
but the meaning Is the same. / fail to
see anything In these remarks likely TO
cause resentment on the part Of any
body"
The following extracts are taken from
the verbatim report of Ambassador Pages
speech at the banquet OF the Associated
Chambers Of Commerce Wednesday night
The report was furnished by the official
stenographer Of the London chamber Of
commerce.
II heartily enter into your applause also
of what several gentlemen have said.
notably. the prime minister. when he
spoke OF your concern for the men that
work with you and work under you and
for your ready applause for plans to train
those whose misfortunes make them a
burden upon the state. That strikes a
sy mpathetic note also in our great COM
mercial interests and aims In the United
States.
II will not say that We have contruct-
ed the Panama CPnai for you Qaughter).
for ! am speaking with great frankness
and not with what Is sometimes called
diplomatic indirection Qaughter). but
viii say most truly that 1t adds greatly
to the pleasure o. building that great
work that 1t is you who will most profit
by It Qaughter).
Not to Please England.
Il can say a similar thing about the re-
cent lowering Of our tariff. We did not
lower It in order to please you Qaughter).
II was for purposes that We considered
sound for ourselves (cheers).
II added to the pleasure of
doing that to reflect that thereby We
should receive more. trade from you
tcheers).
Concerning the recent message Of the
President, I can. say somewhat more-I
take II upon myself. on my own respon-
sibility to say more. He told you that.
not merely to please you, but to express
the true sentiment and the self-respect of
the American nation. of every true Ameri-
can (cheers). His was the voice Of the
people. Nevertheless, IL adds to the pleas
ure Of hearing that voice to know that II
does please you"
May ! put in another parenthsis also
OH my OWL dCCOuut ana correct an I'M
preston that a part Of your press seems
to have about the attitude of the United
States government concerning the invest
nent Of your colossal earnings In states
Of Central America that have volcanic
tendencies 0aughter). l have sometimes
read that the United States In entering
upon a policy to discourage foreign In
vestments. That is untrue. I think that
some events are happening there which
them somewhat. but / hope
that they will not be charged to the
United States.
There Is a policy forming In the minds
OF our government and Of our people
which Is not new that would discourage
such Investments or. such concessions IA
would carry with them the control Of the
of any Of these states and
only that Chear. hear. Only that. II
you please. for SO far as the United
States Is concerned you know how heart
ily We have welcomed your investments
there and still welcome them and always
will
you may be assured that II is not the
business Of the United States to put any
hindrance upon any investments Of yours
anywhere In the world. and IL will most
heartily welcome your Investments in any
part OF America, provided only you do
no: make them so that you may take
the country with them Uaughter).
The Monroe doctrine, you know. meant
only this. that the United States would
prefer that no European government
should gain more land in the new world"