This
will open to us a still wider market for our products. The production
of our own supply of these articles will cut off more than one hundred
millions of our annual imports, besides largely increasing our exports.
With such a picture it is easy to see how our large debt abroad is
ultimately to be extinguished. With a balance of trade against us
(including interest on bonds held by foreigners and money spent by our
citizens traveling in foreign lands) equal to the entire yield of the
precious metals in this country, it is not so easy to see how this
result is to be otherwise accomplished.
The acquisition of San Domingo is an adherence to the "Monroe doctrine;"
it is a measure of national protection; it is asserting our just claim
to a controlling influence over the great commercial traffic soon to
flow from west to east by way of the Isthmus of Darien; it is to build
up our merchant marine; it is to furnish new markets for the products of
our farms, shops, and manufactories; it is to make slavery insupportable
in Cuba and Porto Rico at once, and ultimately so in Brazil; it is to
settle the unhappy condition of Cuba and end an exterminating conflict;
it is to provide honest means of paying our honest debts without
overtaxing the people; it is to furnish our citizens with the necessaries
of everyday life at cheaper rates than ever before; and it is, in fine,
a rapid stride toward that greatness which the intelligence, industry,
and enterprise of the citizens of the United States entitle this country
to assume among nations.
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