No one of you has ever been heard to find fault with an agent because in making a difficult settlement he got all you wanted, and a free option on something further that everybody else wanted! Do you know of any other civilized nation of the first or even of the second class that wouldn't jump at that option on the Philippines? Ask Russia. Ask Germany. Ask Japan. Ask England or France. Ask little Belgium![1] And yet, what one of them, unless it be Japan, has any conceivable interest in the Philippines to be compared with that of the mighty Republic which now commands the one side of the Pacific, and, unless this American generation is blinder to opportunity than any of its predecessors, will soon command the other? [1] At this time it was still a secret that among the many intrigues afoot during the negotiations at Paris was one for the transfer of the Philippines to Belgium. But for the perfectly correct attitude of King Leopold, it might have had a chance to succeed, or at least to make trouble. Put yourselves for a moment in our place on the Quai d'Orsay. Would you really have had your representatives in Paris, the guardians of your honor in negotiating peace with your enemy, declare that while Spanish rule in the West Indies was so barbarous that it was our duty to destroy it, we were now so eager for peace that for its sake we were willing in the East to reëstablish that same barbarous rule? Or would you have had your agents in Paris, the guardians also of your material interests, throw away all chance for indemnity for a war that began with the loss of 266 American sailors on the _Maine_, and had cost your Treasury during the year over $240,000,000? Would you have had them throw away a magnificent foothold for the trade of the farther East, which the fortune of war had placed in your hand, throw away a whole archipelago of boundless possibilities, economic and strategic, throw away the opportunity of centuries for your country? Would you have had them, on their own responsibility, then and there decide this question for all time, and absolutely refuse to reserve it for the decision of Congress and of the American people, to whom that decision belongs, and who have the right to an opportunity first for its deliberate consideration? [Sidenote: Some Features in the Treaty.] Your toast is to the "Achievements of American Diplomacy." Not such were its achievements under your earlier statesmen; not such has been its work under the instructions of your State Department, from John Quincy Adams on down the honored line; and not such the work your representatives brought back to you from Paris. They were dealing with a nation with whom it has never been easy to make peace, even when war was no longer possible; but they secured a peace treaty without a word that compromises the honor or endangers the interests of the country.