When the contest of 1896 was decided, the question of the war with Spain was not an issue. When the contest of 1900 was decided, the shape which the Isthmian Canal question ultimately took could not have been foreseen. But the same qualities which enabled those responsible for making and administering the laws at Washington to deal successfully with the tariff and the currency, enabled them also to deal with the Spanish War; and the same qualities which enabled them to act wisely in the Philippines, and in Cuba, also enabled them to do their duty as regards the problems connected with the trusts, and to secure the building of the Isthmian Canal. We are content to rest our case before the American people upon the fact that to adherence to a lofty ideal we have added proved governmental efficiency. Therefore, our promises may surely be trusted as regards any issue that is now before the people; and we may equally be trusted to deal with any problem which may hereafter arise. So well has the work been done that our opponents do not venture to recite the facts about our policies or acts and then oppose them. They attack them only when they have first misrepresented them; for a truthful recital would leave no room for adverse comment. * * * * * Panama offers an instance in point. Our opponents can criticise what we did in Panama only on condition of misstating what was done. The Administration behaved throughout not only with good faith, but with extraordinary patience and large generosity toward those with whom it dealt. It was also mindful of American interests. It acted in strict compliance with the law passed by Congress. Had not Panama been promptly recognized, and the transit across the Isthmus kept open, in accordance with our treaty rights and obligations, there would have ensued endless guerilla warfare and possibly foreign complications; while all chance of building the canal would have been deferred, certainly for years, perhaps for a generation or more. Criticism of the action in this matter is simply criticism of the only possible action which could have secured the building of the canal; as well as the peace and quiet which we were, by treaty, bound to preserve along the line of transit across the Isthmus. The service rendered this country in securing the perpetual right to construct, maintain, operate, and defend the canal was so great that our opponents do not venture to raise the issue in straightforward fashion; for if so raised there would be no issue. The decisive action which brought about this beneficent result was the exercise by the President of the powers vested in him, and in him alone, by the Constitution; the power to recognize foreign Governments by entering into diplomatic relations with them, and the power to make treaties which, when ratified by the Senate, become under the Constitution part of the supreme law of the land. Neither in this nor in any other matter has there been the