But since Mr. Blaine, times have changed. We have paid our debts; we have become a creditor rather than a debtor nation. We have for the first time within the last ten years begun to accumulate surplus capital, and it has accumulated with a wonderful rapidity,--a surplus capital to enable us to go out and establish new relations with the rest of the world. We now are beginning to be in a position where we can take the same relations towards other countries that England took towards us. We have paid our debts to England; the use of her capital in developing the United States has resulted in great advantage to both of us; and with the payment of the debt there has been left a warm and, I believe, enduring friendship between England and the United States. I should like to see the same kind of friendship between the United States and South America. I should like to see the great surplus capital which we are accumulating in the United States of North America turn southwards, to see it used to develop the vast resources of this country, with mutual advantage to both, so that when the time comes in the future, as it will come, when the people of Argentina, with their resources developed, with their population increased, have accumulated all the capital they need and paid their debts, we shall have had our share both in their development and in their prosperity, and an enduring friendship may exist between us. Now it has seemed to me, sir, that possibly the opportunity afforded by the kind and courteous invitation of the Argentine Government to visit this country might enable me to do something to this end, just at this juncture when a change in the attitude of the United States toward the rest of the world is taking place, when the change from the debtor to the creditor nation, is made; from the borrower of money to develop resources, to a country with surplus capital to send out to the world;--it seemed to me possible that I might by this visit help to establish the relations which I should like to see existing. I should like to be able to qualify myself to say in the most public way that this is a land to which the poor of all the world, who have enterprise without money, can come and find homes and prosperity, so that by the thousands, by the millions, they may come from the Old World and build up Argentina as they have built up the United States. I feel able to say that this is a shore to which the emigrants from the Old World may come with a certainty of finding homes, occupations, and opportunities for prosperity; that it is a country to which the capital of the United States may come with the certainty that it will be secure, will be protected, and will find profitable employment. I look forward to the time when the wonderful development that is going on here now--not confined alone to this country, but progressing here with an amazing rapidity,--will be as great a wonder to the world as the advance which