Spanish-American colonies had grievances against their mother-country which fully justified their revolt; still, it appears that they revolted chiefly from contagion and imitation. They have never been able to obtain good standing in the family of nations as independent commonwealths. The Panama Congress of 1824, in its original plan, promised to be a very important incident in the development of the relations of the New World to the Old. It appeared for a time that the Western continent might be organized as a unit in independence of, and possible hostility to, the Eastern continent. The project came to nothing. It was crushed in one of the hardest political collisions in our history, that between the Adams administration and the Jackson opposition. The theory of it, however, remains behind and, under the name of the Monroe doctrine, has remained as a vague and elastic notion. The practical outcome of any attempt to realize that doctrine must be to organize the world into a dual system. Instead of the old notion of a world-unit ruled from Europe as its head, we should have a dual world-system, one part under the hegemony of Europe, the other part under that of the United States. Is this a rational or practicable plan of future development? Is it not fantastic and arbitrary? If the United States pretends to hold aloof from a share in the affairs of the Eastern continent, and to demand that all European states shall abstain from any share in the affairs of the Western continent, is that anything more than a pose and an affectation? Have we not within a year or two been forced to take action in protection of our citizens in China and Armenia? If Africa is opened up to commerce, do we mean to hold aloof from a share in it? Are we not already deeply interested in it so far as it has advanced? We have interests in Madagascar which have already