floor of the House of Commons. In a speech delivered December 12,
1826, in defense of his position in not having arrested the French
invasion of Spain, he said: "I looked another way--I sought for
compensation in another hemisphere. Contemplating Spain, such as our
ancestors had known her, I resolved that, if France had Spain, it
should not be Spain _with the Indies_. I called the New World into
existence to redress the balance of the Old."




III

THE MONROE DOCTRINE AND THE EUROPEAN BALANCE OF POWER

President Monroe said in effect that the western hemisphere must be
made safe for democracy. It was reserved for our own generation and
for President Wilson to extend the declaration and to say that the
world must be made safe for democracy. President Monroe announced that
we would uphold international law and republican government in this
hemisphere, and as _quid pro quo_ he announced that it was the settled
policy of the United States to refrain from all interference in the
internal affairs of European states. He based his declaration,
therefore, not mainly on right and justice, but on the doctrine of the
separation of the European and American spheres of politics. The
Monroe Doctrine and the policy of isolation thus became linked together
in the public mind as compensating policies, neither one of which could
stand without the other. Even Secretary Olney as late as 1895 declared
that "American non-intervention in Europe implied European
non-intervention in America." It is not strange, therefore, that the