I believe with all my heart in the Monroe Doctrine. This doctrine is not to be invoked for the aggrandizement of any one of us here on this continent at the expense of any one else on this continent. It should be regarded simply as a great international Pan American policy, vital to the interests of all of us. The United States has and ought to have, and must ever have, only the desire to see her sister commonwealths in the western hemisphere continue to flourish, and the determination that no Old World power shall acquire new territory here on this western continent. We of the two Americas must be left to work out our own salvation along our own lines; and if we are wise we will make it understood as a cardinal feature of our joint foreign policy that, on the one hand, we will not submit to territorial aggrandizement on this continent by any Old World power, and that, on the other hand, among ourselves each nation must scrupulously regard the rights and interests of the others, so that, instead of any one of us committing the criminal folly of trying to rise at the expense of our neighbors, we shall all strive upward in honest and manly brotherhood, shoulder to shoulder. And you, honored sir, have not been less explicit. Your words, pronounced on a memorable occasion during your recent visit to South America, before all the free peoples of this continent gathered together at the third Pan American Conference, should be disclosed, should reach the ears of my fellow-citizens, for these very words of yours, as President Roosevelt solemnly declared in his last message to the Congress of the United States, have revealed to all who doubted the spirit of complete equality which inspired the Monroe Doctrine, what is the attitude of the United States towards the other American republics, and what its purposes. You declared then: We wish for no victories but those of peace; for no territory except our own; for no sovereignty except the sovereignty over ourselves. We deem the independence and equal rights of the smallest and weakest member of the family of nations entitled to as much respect as those of the greatest empire; and we deem the observance of that respect the chief guaranty of the weak against the oppression of the strong. We neither claim nor desire any rights or privileges or powers that we do not freely concede to every American republic. We wish to increase our prosperity, to expand our trade, to grow in wealth, in wisdom, and in spirit; but our conception of the true way to accomplish this is not to pull down others and profit by their ruin, but to help all friends to a common prosperity and a common growth, that we may all become greater and stronger together.