While, on the one side, she insists on the Monroe doctrine, on the other she stretches out her own arms towards Asia and Africa, in order to find bases for her fleets.

The United States aim at the economic and, where possible, the political command of the American continent, and at the naval supremacy in the Pacific.

Their interests, both economic and political, notwithstanding all commercial and other treaties, clash emphatically with those of Japan and England.

No arbitration treaties could alter this.
No similar opposition to Germany, based on the nature of things, has at present arisen from the ambitions of the two nations; certainly not in the sphere of politics.

So far as can be seen, an understanding with Germany ought to further the interests of America.