¶I do not mean to say that nations have more than begun to approach the proper relationship one to another, and I fully recognize the folly of proceeding upon the assumption that this ideal condition can now be realized in full for, in order to proceed upon such an assumption, we would first require some method of forcing recalcitrant nations to do their duty, as well as of seeing that they are protected in their rights.
¶In the interest of justice it is as necessary to exercise the police power as to show charity and helpful generosity. But something can even now be done toward the end in view. That something, for instance, this nation has already done as regards Cuba, and is now trying to do as regards Santa Domingo. There are few things in our history in which we should take more genuine pride than the way in which we liberated Cuba, and then, instead of instantly abandoning it to chaos, stayed in direction of the affairs of the island until we had put it on the right path, and finally gave it freedom and helped it as it started on the life of an independent republic.[[30]]
Boasting and blustering are as objectionable among nations as among individuals, and the public men of a great nation owe it to their sense of national self-respect to speak courteously of foreign powers just as a brave and self-respecting man treats all around him courteously. But though to boast is bad and causelessly to insult another, worse; yet worse than all is it to be guilty of boasting, even without insult, and when called to the proof to be unable to make such boasting good. There is a homely old adage which runs: “Speak softly and carry a big stick; you will go far.” If the American nation will speak softly and yet build, and keep at a pitch of the highest training, a thoroughly efficient navy, the Monroe Doctrine will go far. I ask you to think over this. If you do, you will come to the conclusion that it is mere plain common-sense, so obviously sound that only the blind can fail to see its truth and only the weakest and most irresolute can fail to desire to put it into force.[[32]]
¶One of the most effective instruments for peace is the Monroe Doctrine as it has been and is being gradually developed by this Nation and accepted by other nations. No other policy could have been as efficient in promoting peace in the Western Hemisphere and in giving to each nation thereon the chance to develop along its own lines. If we had refused to apply the Doctrine to changing conditions it would now be completely outworn, would not meet any of the needs of the present day, and indeed would probably by this time have sunk into complete oblivion. It is useful at home, and is meeting with recognition abroad because we have adapted our application of it to meet the growing and changing needs of the Hemisphere. When we announce a policy, such as the Monroe Doctrine, we thereby commit ourselves to the consequences of the policy, and those consequences from time to time alter. It is out of the question to claim a right and yet shirk the responsibility for its exercise. Not only we, but all American Republics who are benefited by the existence of the Doctrine, must recognize the obligations each nation is under as regards foreign peoples no less than its duty to insist upon its own rights.
That our rights and interests are deeply concerned in the maintenance of the Doctrine is so clear as hardly to need argument. This is especially true in view of the construction of the Panama Canal. As a mere matter of self-defense we must exercise a close watch over the approaches to this canal; and this means that we must be thoroughly alive to our interests in the Caribbean Sea.[[14]]
¶The Monroe Doctrine should be the cardinal feature of the foreign policy of all the nations of the two Americas, as it is of the United States. Just seventy-eight years have passed since President Monroe in his Annual Message announced that “The American continents are henceforth not to be considered as subjects for future colonization by any European power.”
¶In other words, the Monroe Doctrine is a declaration that there must be no territorial aggrandizement by any non-American power at the expense of any American power on American soil. It is in no wise intended as hostile to any nation in the Old World. Still less is it intended to give cover to any aggression by one New World power at the expense of any other. It is simply a step, and a long step, toward assuring the universal peace of the world by securing the possibility of permanent peace on this hemisphere.
¶During the past century other influences have established the permanence and independence of the smaller states of Europe. Through the Monroe Doctrine we hope to be able to safeguard like independence and secure like permanence for the lesser among the New World nations.
¶This doctrine has nothing to do with the commercial relations of any American power, save that it in truth allows each of them to form such as it desires. In other words, it is really a guaranty of the commercial independence of the Americans. We do not ask under this doctrine for any exclusive commercial dealings with any other American state. We do not guarantee any state against punishment if it misconducts itself, provided that punishment does not take the form of the acquisition of territory by any non-American power.
¶Our attitude in Cuba is a sufficient guaranty of our own good faith. We have not the slightest desire to secure any territory at the expense of any of our neighbors. We wish to work with them hand in hand, so that all of us may be uplifted together, and we rejoice over the good fortune of any of them, we gladly hail their material prosperity and political stability, and are concerned and alarmed if any of them fall into industrial or political chaos. We do not wish to see any Old World military power grow up on this continent, or to be compelled to become a military power ourselves. The peoples of the Americas can prosper best if left to work out their own salvation in their own way.