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significant of a decided change in public opinion that it has seemed worth while to present herewith, in more extended form than has been hitherto possible, the reasons for my belief. Naturally, this is not the place for an exhaustive treatise. The historical aspect alone might fill several volumes.

What has been attempted is to sketch the growth of the Doctrine, to indicate the obligations and disadvantages it entails, and, more particularly, to portray the attitude toward it, and toward us, of our neighbors to the south. I have also suggested, very briefly, the outlines of a new foreign policy. It is evident that the problems which are likely to arise in the future will require something more than the mere negation of outgrown doctrines.

HIRAM BINGHAM

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THE MONROE DOCTRINE

AN OBSOLETE SHIBBOLETH

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