abrogated. It specifically provides that the United States alone shall
do the work of building and assume the responsibility of safeguarding
the canal and shall regulate its neutral use by all nations on terms of
equality without the guaranty or interference of any outside nation from
any quarter. The signed treaty will at once be laid before the Senate,
and if approved the Congress can then proceed to give effect to the
advantages it secures us by providing for the building of the canal.

The true end of every great and free people should be self-respecting
peace; and this Nation most earnestly desires sincere and cordial
friendship with all others. Over the entire world, of recent years, wars
between the great civilized powers have become less and less frequent.
Wars with barbarous or semi-barbarous peoples come in an entirely
different category, being merely a most regrettable but necessary
international police duty which must be performed for the sake of the
welfare of mankind. Peace can only be kept with certainty where both
sides wish to keep it; but more and more the civilized peoples are
realizing the wicked folly of war and are attaining that condition of
just and intelligent regard for the rights of others which will in the
end, as we hope and believe, make world-wide peace possible. The peace
conference at The Hague gave definite expression to this hope and belief
and marked a stride toward their attainment.

This same peace conference acquiesced in our statement of the Monroe
Doctrine as compatible with the purposes and aims of the conference.

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