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To¡¡prevent¡¡European¡¡intervention¡¡for¡¡the¡¡purpose¡¡of¡¡securing¡¡just¡¡claims¡¡in¡¡America£»¡¡then£»¡¡the¡¡United¡¡States¡¡would¡¡undertake¡¡to¡¡handle¡¡the¡¡case£»¡¡and¡¡would¡¡wield¡¡the¡¡¡¨Big¡¡Stick¡¨¡¡against¡¡any¡¡American¡¡state¡¡which¡¡should¡¡refuse¡¡to¡¡meet¡¡its¡¡obligations¡£¡¡This¡¡was¡¡a¡¡repetition£»¡¡in¡¡a¡¡different¡¡tone£»¡¡of¡¡Blaine's¡¡¡¨Elder¡¡Sister¡¨¡¡program¡£¡¡As¡¡developed£»¡¡it¡¡had¡¡elements¡¡also¡¡of¡¡Cleveland's¡¡Venezuela¡¡policy¡£¡¡In¡¡1907¡¡the¡¡United¡¡States¡¡submitted¡¡to¡¡the¡¡Hague¡¡Conference¡¡a¡¡modified¡¡form¡¡of¡¡the¡¡Drago¡¡doctrine£»¡¡which¡¡stated¡¡that¡¡the¡¡use¡¡of¡¡force¡¡to¡¡collect¡¡contract¡¡debts¡¡claimed¡¡from¡¡one¡¡government¡¡by¡¡another¡¡as¡¡being¡¡due¡¡to¡¡its¡¡citizens¡¡should¡¡be¡¡regarded¡¡as¡¡illegal£»¡¡unless¡¡the¡¡creditor¡¡nation¡¡first¡¡offered¡¡to¡¡submit¡¡its¡¡claims¡¡to¡¡arbitration¡¡and¡¡this¡¡offer¡¡were¡¡refused¡¡by¡¡the¡¡nation¡¡against¡¡which¡¡the¡¡claim¡¡was¡¡directed¡£¡¡The¡¡interference¡¡of¡¡the¡¡United¡¡States£»¡¡therefore£»¡¡would¡¡be¡¡practically¡¡to¡¡hale¡¡the¡¡debtor¡¡into¡¡court¡£

Around¡¡the¡¡Caribbean£»¡¡however£»¡¡were¡¡several¡¡nations¡¡not¡¡only¡¡unwilling¡¡but¡¡unable¡¡to¡¡pay¡¡their¡¡debts¡£¡¡This¡¡inability¡¡was¡¡not¡¡due¡¡to¡¡the¡¡fact¡¡that¡¡national¡¡resources¡¡were¡¡lacking£»¡¡but¡¡that¡¡constant¡¡revolution¡¡scared¡¡away¡¡conservative¡¡capital¡¡from¡¡seeking¡¡constructive¡¡investment¡¡or¡¡from¡¡developing¡¡their¡¡natural¡¡riches£»¡¡while¡¡speculators¡¡loaned¡¡money¡¡at¡¡ruinous¡¡rates¡¡of¡¡discount¡¡to¡¡tottering¡¡presidents£»¡¡gambling¡¡on¡¡the¡¡possibility¡¡of¡¡some¡¡turn¡¡in¡¡fortune¡¡that¡¡would¡¡return¡¡them¡¡tenfold¡£¡¡The¡¡worst¡¡example¡¡of¡¡an¡¡insolvent¡¡and¡¡recalcitrant¡¡state¡¡was¡¡the¡¡Dominican¡¡Republic£»¡¡whose¡¡superb¡¡harbors¡¡were¡¡a¡¡constant¡¡temptation¡¡to¡¡ambitious¡¡powers¡¡willing¡¡to¡¡assume¡¡its¡¡debts¡¡in¡¡return¡¡for¡¡naval¡¡stations£»¡¡and¡¡whose¡¡unscrupulous¡¡rulers¡¡could¡¡nearly¡¡always¡¡be¡¡bribed¡¡to¡¡sell¡¡their¡¡country¡¡as¡¡readily¡¡as¡¡anything¡¡else¡£¡¡In¡¡the¡¡case¡¡of¡¡this¡¡country¡¡President¡¡Roosevelt¡¡made¡¡a¡¡still¡¡further¡¡extension¡¡of¡¡the¡¡Monroe¡¡Doctrine¡¡when£»¡¡in¡¡1905£»¡¡he¡¡concluded¡¡a¡¡treaty¡¡whereby¡¡the¡¡United¡¡States¡¡agreed¡¡to¡¡undertake¡¡the¡¡adjustment¡¡of¡¡the¡¡republic's¡¡obligations¡¡and¡¡the¡¡administration¡¡of¡¡its¡¡custom¡¡houses£»¡¡and¡¡at¡¡the¡¡same¡¡time¡¡guarantee¡¡the¡¡territorial¡¡integrity¡¡of¡¡the¡¡republic¡£¡¡This¡¡arrangement¡¡was¡¡hotly¡¡attacked¡¡in¡¡the¡¡United¡¡States¡¡as¡¡an¡¡indication¡¡of¡¡growing¡¡imperialism£»¡¡and£»¡¡though¡¡it¡¡was¡¡defended¡¡as¡¡necessary¡¡to¡¡prevent¡¡the¡¡entrance¡¡of¡¡new¡¡foreign¡¡influences¡¡into¡¡the¡¡Caribbean£»¡¡the¡¡opposition¡¡was¡¡so¡¡strong¡¡that¡¡the¡¡treaty¡¡was¡¡not¡¡accepted¡¡by¡¡the¡¡Senate¡¡until¡¡1907£»¡¡and¡¡then¡¡only¡¡in¡¡a¡¡modified¡¡form¡¡with¡¡the¡¡omission¡¡of¡¡the¡¡territorial¡¡guarantee¡£

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The¡¡movement¡¡of¡¡Pan¡­Americanism¡¡has¡¡missed¡¡achieving¡¡the¡¡full¡¡hopes¡¡of¡¡its¡¡supporters¡¡owing¡¡not¡¡so¡¡much¡¡to¡¡a¡¡difference¡¡of¡¡fundamental¡¡ideas¡¡and¡¡interests¡¡as¡¡to¡¡suspicion¡¡and¡¡national¡¡pride¡£¡¡The¡¡chief¡¡powers¡¡of¡¡southern¡¡South¡¡AmericaArgentina£»¡¡Brazil£»¡¡and¡¡Chilihad¡¡by¡¡the¡¡end¡¡of¡¡the¡¡nineteenth¡¡century¡¡in¡¡large¡¡measure¡¡successfully¡¡worked¡¡out¡¡their¡¡own¡¡problems¡£¡¡They¡¡resented¡¡the¡¡interference¡¡of¡¡a¡¡power¡¡of¡¡alien¡¡race¡¡such¡¡as¡¡the¡¡United¡¡States£»¡¡and¡¡they¡¡suspected¡¡its¡¡good¡¡intentions¡¡in¡¡wielding¡¡the¡¡¡¨Big¡¡Stick£»¡¨¡¡especially¡¡after¡¡the¡¡cavalier¡¡treatment¡¡which¡¡Colombia¡¡had¡¡received¡£¡¡They¡¡observed¡¡with¡¡alarm¡¡the¡¡strengthening¡¡of¡¡the¡¡grip¡¡of¡¡the¡¡United¡¡States¡¡about¡¡the¡¡Caribbean¡£¡¡United¡¡in¡¡a¡¡group£»¡¡known¡¡from¡¡their¡¡initials¡¡as¡¡the¡¡¡¨A¡£B¡£C¡£¡¨¡¡powers£»¡¡they¡¡sought¡¡to¡¡assume¡¡the¡¡leadership¡¡of¡¡Latin¡¡America£»¡¡basing¡¡their¡¡action£»¡¡indeed£»¡¡upon¡¡the¡¡fundamentals¡¡of¡¡the¡¡Monroe¡¡Doctrinethe¡¡exclusion¡¡of¡¡foreign¡¡influence¡¡and¡¡the¡¡independence¡¡of¡¡peoples¡¡but¡¡with¡¡themselves¡¡instead¡¡of¡¡the¡¡United¡¡States¡¡as¡¡chief£»¡¡guardians¡£

Many¡¡of¡¡the¡¡publicists¡¡of¡¡these¡¡three¡¡powers£»¡¡however£»¡¡doubted¡¡their¡¡capacity¡¡to¡¡walk¡¡entirely¡¡alone¡£¡¡On¡¡the¡¡one¡¡hand¡¡they¡¡noted¡¡the¡¡growing¡¡influence¡¡of¡¡the¡¡Germans¡¡in¡¡Brazil¡¡and¡¡the¡¡indications¡¡of¡¡Japanese¡¡interest¡¡in¡¡many¡¡places£»¡¡and¡¡on¡¡the¡¡other¡¡they¡¡divined¡¡the¡¡fundamental¡¡sincerity¡¡of¡¡the¡¡professions¡¡of¡¡the¡¡United¡¡States¡¡and¡¡were¡¡anxious¡¡to¡¡cooperate¡¡with¡¡this¡¡nation¡£¡¡Not¡¡strong¡¡enough¡¡to¡¡control¡¡the¡¡policy¡¡of¡¡the¡¡various¡¡countries£»¡¡these¡¡men¡¡at¡¡least¡¡countered¡¡those¡¡chauvinists¡¡who¡¡urged¡¡that¡¡hostility¡¡to¡¡the¡¡United¡¡States¡¡was¡¡a¡¡first¡¡duty¡¡compared¡¡with¡¡which¡¡the¡¡danger¡¡of¡¡non¡­American¡¡interference¡¡might¡¡be¡¡neglected¡£

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The¡¡United¡¡States¡¡had¡¡sincerely¡¡hoped¡¡that¡¡Mexico£»¡¡like¡¡the¡¡¡¨A¡£B¡£C¡£¡¨¡¡powers£»¡¡was¡¡another¡¡Latin¡¡American¡¡power¡¡which¡¡had¡¡found¡¡itself¡£¡¡Of¡¡all¡¡it¡¡was¡¡certainly¡¡the¡¡most¡¡friendly¡¡and¡¡the¡¡most¡¡intimate¡£¡¡The¡¡closeness¡¡of¡¡its¡¡relations¡¡with¡¡the¡¡United¡¡States¡¡is¡¡indicated¡¡by¡¡the¡¡fact¡¡that¡¡in¡¡the¡¡forty¡¡years¡¡between¡¡1868¡¡and¡¡1908£»¡¡forty¡¡agreements£»¡¡treaties£»¡¡and¡¡conventions¡¡had¡¡been¡¡concluded¡¡between¡¡the¡¡two¡¡countries¡£¡¡Nor¡¡was¡¡intimacy¡¡confined¡¡to¡¡the¡¡Governments¡£¡¡The¡¡peace¡¡arranged¡¡by¡¡President¡¡Diaz¡¡had¡¡brought¡¡foreign¡¡capital¡¡by¡¡the¡¡billion¡¡to¡¡aid¡¡the¡¡internal¡¡development¡¡of¡¡the¡¡country£»¡¡and¡¡of¡¡this¡¡money¡¡more¡¡had¡¡come¡¡from¡¡the¡¡United¡¡States¡¡than¡¡from¡¡any¡¡other¡¡n

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