Excerpt from The United States, in the Orient: The Nature of the Economic Problem
The United States have recently assumed serious responsibilities in the Orient. While the manner of their assumption had something of the appearance of accident, this country has only followed other civilized states in the general movement to find outlets for their surplus capital and the products of their labor. The United States have actually reached, or are approaching, the economic state where such outlets are required outside their own boundaries, in order to prevent business depression, idleness, and suffering at home. Such outlets might be found without the exercise of political and military power, if commercial freedom was the policy of all nations.
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