| Show ii i lllA O The Th question of ot disarmament dl is III not likely to be brought up In the Ut coming com In Hague but It If President wishes are ar consulted C the th Pralo doctrine will be con eon considered Ide by b the iho delegates and anI tot for r general acceptance a The Drago Drao doctrine d Is III hart Pitt of ot the flue Calvo doctrine Calvo Calve maintained lnell that foreigner domiciled and ind doing business hUlln In any country ran can claim no nil other protection than thai thal Record accorded till oil the s of that country It 11 I the thu laws or of the country he hI argued do dt donot donot not afford t to H Its for their losses Insets sustained through the thA seiz seizure 1 lz ute ure of their property by hy tho th govern government ment for tor military or other purposes neither should foreigners III In a n like ilkI situ situation btu 1111 atlon have the support and protE protection C thou tion of oC their own government ennui conse no government may rightfully rIght CullY Intervene with another government for tol forthe forthe the protection n of Its ftc It own citizens In III any en clIe rhe The brago rago doctrine d 4 trIne does lue not go unite quIte as 1111 far Car as that thaI in II his hla note of ot Dae Iii 29 26 2 1902 to III Secretary Hay Mr Mr MJ UraKo PI O to the thu th than linn of or n Intervention for tor the collection of ot debts owing to private parties of or foreign countries Ho lie contended that the Ihl foreign capitalist ul who lends londs his J III money takes IUkes Into Inlo account the greater or less It II probability of o payment In purchasing the obligations of n gay gov government OY the buys huy with tilt full notice anti ami assumption of all ahi risks of the fhe character of 01 the tue I or tiC Its ItA condition It 1011 and amI of ot Its Us ordinary right as n n fl sovereign state slate to adapt Its Ua 1 policy to the necessities of the lIU th state elate Thin carries wIth It lt the right to leJ postpone the tho payment of oC Its debts dehl to 10 a II better belter day In order or or to maintain Us HII civil list Its own ex cx existence Mr Ir tr maintained that thit the forced payment of the oblIgations at al par itar value alu find in the Interest of or on an the th misery distress l of or u 11 anti ami aOl perhaps dl st 5 tc te teIs I Is not HOt defensible tn itt point or of international a ham tn and anti ethics und would not be he consistent with n ft wise just and hu he humane mane International lIonal policy Jolle This Is the tha Drugo doctrine Il If It It II should ho he h accepted by the lending hennIng powers of the wot hi the United States would be hiS IJ of oC the duty lUI uty of or keep keel keepIng Ing lug close watch upon European debt collectors In American or 01 of ot o tho responsibility for 01 the fIn or of bankrupt b states That Thill would be he In thu III Ihm Interest of oC venue pence lIen co |
