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It is gratifying that the Latin-American States have evinced the liveliest interest, and the fact that an International American Congress will be held in the City of Mexico while the exposition is in progress encourages the hope of a larger display at Buffalo than might otherwise be practicable.

I deemed it a public duty, as well as a personal pleasure, to be here to express for myself and for the Government I represent the welcome we all feel to those who represent the Latin-American States. The future, ladies and gentlemen, is going to be very different for this hemisphere from the past.

In the Americas the nation claimed that sort of preëminence which was implied by the Monroe Doctrine, a preëminence which as regards the Latin-American states north of the Orinoco many felt must be actively enforced, in view of special interests in the Caribbean. In the Far East the United States claimed an equality of status with the European powers.

Since the Monroe Doctrine was enunciated we have annexed at the expense of Latin-American states, Texas, New Mexico, California, and the Canal Zone. Upon other occasions we emphatically declined to bind ourselves by treaty stipulations with England and France that under no circumstance would we annex the island of Cuba.

Their projects and propositions were equally various, from the South Sea trader with the discovery of a new guano island and the Latin-American with a nascent revolution on his hands, on through Siberian gold chases and the prospecting of the placer benches of the upper Kuskokeem, to darker things that were mentioned only in whispers.

Under the Monroe Doctrine, as it is now being interpreted, no Latin-American people will be permitted to organize a revolutionary government that abolishes the right of private interests to own the oil, coal, timber and other resources. The mere threat of such action by the Carranza Government was enough to show what the policy of the United States must be in such an emergency.

France, too, would acquiesce. The Frenchmen got some $40,000,000 if the canal crossed Panama but lost everything if it passed to Nicaragua. Other European nations wished the canal built and felt that now was the accepted time. Latin-American States alone showed sympathy with Colombia. M. Bunau-Varilla, Minister from Panama. Revolution took place.

On the landward side Panama lies mumbling to itself, down in the hollow between squats Chiriqui prison with its American warden, once a Zone policeman; while in the round stone watch-towers on the curving parapets lean prison guards with fixed bayonets and incessantly blow the shrill tin whistles that is the universal Latin-American artifice for keeping policemen awake.

John Barrett of the Pan-American Union has already given you food for sober thought in the parallel he has drawn of the marvelous activity and resourcefulness of the Latin-American republics.

It's so big I don't dare tell you." He remembered that deal a Latin-American revolution. He had sent the cash, and Tom had swung it, and himself as well, into a prison cell and a death sentence. Tom had meant well, there was no denying that. And he had always religiously forwarded his I O U's.