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Show PAGE'S SPEECH SENT TO SENATE , Interpretation of Monroe Doctrine Doc-trine by Ambassador to England Eng-land to be Reviewed. DOCUMENT IN FULL Panama Canal, Tariff and Uni-1 ted States Attitude Toward England Discussed. Washington, March 25. The celebrated cele-brated London speech of Ambassador Walter H. Page, In which he was ca-credited ca-credited with having interpreted the Monroe doctrine as meaning the United Unit-ed States prefererd that no European governments should gain more land In the now world, and as having made certain references to the repeal re-peal of tho Panama tolls oxomptldn, ! was forwarded to tho senate today by Secretary Bryan in response to j Senator Chamberlain's resolution calling call-ing for an explanation. The speech, some tweuty-flve hundred words In length, was furnished to tho senate I In full. Tho portion relating to the Panama canal was as follows. j Panama Canal. "I will not say that we constructed the Panama canal even for you For I am speaking with great frankness and not with diplomatic indirection We built it for reasons of our own. But I will say that it adds to tho pleasure of building that great work that you will profit by It. You will profit most by It for you have the greatest carrying trade. I can say a similar thing was the recent lowering of our tariff. We did not lower It In order to please you. - It was for purposes pur-poses that we considered economically economical-ly sound for ourselves. "Nevertheless it added to the pleasure pleas-ure of doing that to reflect that thereby there-by we should have more trade with you. Concerning the recent messago of tho president, I take it on myself, on my own responsibility, to say this. Ho delivered that message not to please you, but to express the true sentiment and self-respect of the American nation. As I interpret it, his was the voice of the people. Nevertheless Nev-ertheless it adds to the pleasure of hearing that voice to know that it does please you." Monroe Doctrine Interpreted. Tho portion referring to the Monroe doctrine follows: "May I put in another parenthesis, also on this occasion, and correct an impression that a part of your press seems to have about the attitude of the United States government concerning con-cerning the Investment of your colossal colos-sal earnings In states of Central America, that have volcanic tendencies. tenden-cies. I some times read that the United States Is entering on a policy pol-icy to discourage foreign investments there. That is untrue; I think that some events arc happenings there that have discouraged them somewhat some-what but I hope that they cannot be charged to the United States. "There Is a policy forming in the minds of our government and our people which is not new. that would discourage such investments or such concessions as would carry with them the control of the government of any of. those states and only such, for so far as the United States is concerned, you know how heartily we have welcomed your investments in our land and still welcome them and always will. You may be assured that It Is none of the business of the United States to put any let or any hinderance on any legitimate investments invest-ments of yours anywhere In the world and they most heartily welcome your investments in any part of the Americas, provided you do not make them so that you may possibly take the country with them. Meaning of Policy. "The Monroe doctrine meant this when it was first formulated, that the United States would object to any European governments taking more land in the new world. In those days the only way that a foreign government govern-ment could gain land was literally to go and take it. Now we have more refined methods of exploitation and there are other ways to take it. It Is the only protest that the United States has ever whispered. You will, I am sure, understand why tho United Unit-ed States prefers that no land in the new world should be acquired in these subtle ways. Would you do us the kindness clearly to understand that and posBlbly to correct the mis-impression mis-impression that has gone abroad." |