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A speech made at the dinner given by the American-Asiatic Association in honor of Rear-Admiral Lord Charles Beresford, at Delmonico's, New York, February 23, 1899.

THE OPEN DOOR

The hour is late, you have already enjoyed your intellectual feast, you have heard the man you came to hear, and I shall detain you for but a moment. The guest whom we are all here to honor and applaud is returning from a journey designed to promote the safety and extension of his country's trade in the Chinese Orient. He has probably been accustomed to think of us as the most extreme Protectionist nation in the world; and he may have heard at first of our recent acquisition on the China Sea with some apprehension on that very account.

United States a Free-Trade Country.

Now, there are two facts that might be somewhat suggestive to any who take that view. One is that, though we may be "enraged Protectionists," as our French friends occasionally call us, we have rarely sought to extend the protective system where we had nothing and could develop nothing to protect. The other is that we are also the greatest free-trade country in the world. Nowhere else on the globe does absolute free trade prevail over so wide, rich, and continuous an expanse of territory, with such variety and volume of production and manufacture; and nowhere have its beneficent results been more conspicuous. From the Golden Gate your guest has crossed a continent teeming with population and manufactures without encountering a custom-house. If he had come back from China the other way, from Suez to London, he would have passed a dozen!

When your Peace Commissioners were brought face to face with the retention of the Philippines, they were at liberty to consider the question it raised for immediate action in the light of both sides of the national practice. Here was an archipelago practically without manufactures to protect, or need for protection to develop manufactures; and here were swarming populations with whom trade was sure to increase and ramify, in proportion to its freedom from obstructions. Thus it came about that your Commissioners were led to a view which to many has seemed a new departure, and were finally enabled to preface an offer to Spain with the remark that it was the policy of the United States to maintain in the Philippines an open door to the world's commerce. Great Protectionist leader as the President is and long has been, he sanctioned the declaration; and Protectionist as is the Senate, it ratified the pledge.

The Open Door.

Under treaty guaranty Spain is now entitled to the Open Door in the Philippines for ten years. Under the most favored nation clause, what is thus secured to Spain would not be easily refused, even if any one desired it, to any other nation; and the door that stands open there for the next ten years will by that time have such a rising tide of trade pouring through it from the awakening East that no man thenceforward can ever close it.

There are two ways of dealing with the trade of a distant dependency. You may give such advantage to your own people as practically to exclude everybody else. That was the Spanish way. That is the French way. Neither nation has grown rich of late on its colonial extensions. Again, you may impose such import or export duties as will raise the revenue needed for the government of the territory, to be paid by all comers at its ports on a basis of absolute equality. In some places that is the British way. Henceforth, in the Philippines, that is the United States way. The Dingley tariff is not to be transferred to the antipodes.

Protectionists or Free-traders, I believe we may all rejoice in this as best for the Philippines and best for ourselves. I venture to think that we may rejoice over it, too, with your distinguished guest. It enables Great Britain and the United States to preserve a common interest and present a common front in the enormous commercial development in the East that must attend the awakening of the Chinese Colossus; and whenever and wherever Great Britain and the United States stand together, the peace and the civilization of the world will be the better for it.