Show economic highlights S tho the acidly debate recent ly carried un oil between tile united states find german governments concerning boik the doctrine reveals that thaia elds traditional lean policy Is iii to widely varying it la is also evident that la Is giving the doctrine tilt nil which was never imagined hy fly president the did not come collie into exist ont ened its IH a i lung long von con soldered sl dured dered thought out state of U 8 pulley ll ather it aus us swiftly conceived ru u lucet a which lu lit laa menaced the of af this thia nation at that thim thu the chri great burup Lii lioi can St Aites of 1 and austria had formed d a huly aill alica to if crash ii tili it a i L lu ili spain und and were eru casting covetous cove tuua giannes glai ivra oil many luuy pos huayna ts lit in tile western vrn lit in addition Ittis eila willell which then uram d alaska was to tin tilt northwestern coast uc of this lu in the interest of her arr lutich juit ships so 0 IresA dont monroe murii ui issued till lilt official warning in ili which lil cli lie mid that thu the aaro uio henceforth not to be couhig ered its subjects of future colnul coloal by tiny Euro european powers lu in other words tho the status quo was to bo be maintained so tar far as was wag concerned afterwards tile alio policy which had been beelar beclar id ed to meet the emergency of tile the bec alile it convenient in ill for kine rican illde 1194 ill in cribs wo we invoked it to drive the french front mexton utter after the civil war to 0 o give the V y S absolute instead of divided d control over the pana inu ilia canal and to forve force england to collie to bernis when it a border fight arow between venezuela find and british gallana Gi llana today it Is id obvious that tile the doctrine la Is to be usel to profile ground tj for preventing tile the axis powers from seizing now new i orld orid belO belonging to tho the democracies germany liua hud met this challenge by that tile mo doctrine must work two waya if others othera tire are expected to observe it t chato lu in brier brief tile tho U a must stop interfering with european ul al litins J it IJuro pu la Is tv to keep out of the alir Amerl caa and heru hero 14 lt when the vast dure difference rence of af rt av imars for the doctrine doctone us a wu vu have always and applied d it deals ik uld only with phail cal transfers of u t u fiut abut with imil activity wu have uever used it to deny a european thu the right tu to chuy ou on political or work in our af u lullu cucu lillier tu to want to interpret tho the Duc doctrine trine to include woral suasion nu no liaa item than mul tury tary force lit in addition high levi liall als ala have intimated that they decin it proper to itu it mourie duett trine hiie of u their awit to lu central burcope they argue thoy they havo have ris aa much h right to du do this as aa wo we leavo tu to apply tile thu original doctrine throughout tho the ricas and again there Is a great difference lu in for we have not used thu the doctrine us lis au all excuse fur for imperial und and geo 1 graphical aggression we have not bellu ved that it gave us ua tho the right tu to uvo aud id oppress other peo pies lilea to ilk tho the contrary cout wo we argue wo avo havo have used it only to protect weaker nations from rom tho the oppression of conquerors the president said on oa july ath that europe and asila asia should apply the principles of the due do trifle ati aa it a inears ut af reaching agrie illean on OIL tile the disposition of posses yvonn or of thy the conquered powers that all aluhild get together and settle thu the atten attendant daut problems than allow them to b IK lie de eldea liy the victor that looks now flow like an all ara denile opinion which will find no favor whatsoever among tho the swaggering abib lower germany has haa said lit in response res ponso to state warnings that thai inasmuch as n tilio she has shown no desire to british and ami french lit in this ahls we iwo have leave to kick about at hut washington authorities feel certain that germany aerni any will make times in ili our direction in ili time and then the real tat of the doctrine mill come collie it cannot be effective a till the 20 laun latin amerlean american Ite republics publIcs back it up ill with us we are working south of tile the rio grande tiow now lit in till an attempt to bolster our iii influence fluence there find and enlist both tile the coutin t ants lit in the cru crus siide nile to save avi democracy in ili this hemisphere barometers tire are well ill ap largely in anticipation of tile tho orders ordera the pr should soon give industry so far appropriations completed or pending fr military purposes have pas sed the mark and will no doubt go much higher the navy Is to be increased by 70 per cent to give us ua a two ocean fleet infinitely superior to anything the world has ever seen geen before tho the firigy Is to bu be mechanized to the limit for years yeara to collie we are to be on oil a war economy basis it la Is highly doubtful it if the see sec tiri ties markets will long lone follow the rising production index reason profits will be severely limited there Is general sentiment lit in opposition to making war million lifa alres li fa chis hi time tho the tax burden the program will necessarily impose will bo almost incredible the new taxes pawed this year are out dut a modest start we avent li seen anny thing yet for we w are starting a defense program under the handicap of it a peacetime federal lilt which far exceed i our world war debt |