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20 alien power of harbors or coaling stations which are located within striking distance of the Panama Canal, and which might serve as a base for hostile operations in the Caribbean.

"That, gentlemen, is a clear and bold—I had almost said defiant—expression of one of the most important among the great foreign policies which the United States, since the period of the Spanish War, has adopted and proclaimed to the world in no unmeasured terms. In addition to the 'Monroe Doctrine' I have but to refer to their championship of the 'Open Door' in China, to the matter of the exclusion of the Asiatics, and to the construction and fortification of the Panama Canal; which great work and the Caribbean, as I foresee it, in the future naval wars of the New World, will be what Gibraltar and the Mediterranean were to the contending navies of the