The great and prosperous civilized commonwealths, such as the Argentine, Brazil, and Chile, in the Southern half of South America, have advanced so far that they no longer stand in any position of tutelage toward the United States.

They occupy toward us precisely the position that Canada occupies.

Their friendship is the friendship of equals for equals.

My view was that as regards these nations there was no more necessity for asserting the Monroe Doctrine than there was to assert it in regard to Canada.

They were competent to assert it for themselves.