Note 2 — Chapter VII · The Treaty of Paris

Though already noticed, we venture, in this connection, again to recall that in the month previous (August, 1898) a gentleman high in the councils of the Administration2 declared in one of the great reviews of the period: “We see with sudden clearness that some of the most revered of our political maxims have outlived their force.” Among these “revered maxims” thus suddenly fossilized by his ipse dixit, Mr. Vanderlip exuberantly includes the teachings of “Washington’s Farewell Address and the later crystallization of its main thought by President Monroe”—the Monroe Doctrine, adding that in lieu of these “A new mainspring * * * has become the directing force * * * the mainspring of commercialism.”