Unless we have at least as great power in the Pacific as Japan. can you expect that nation to stand by and see us gather in the vast riches made possible by commerce in the opening markets of China? You can not reasonably expect it. The only basis on which we can begin a solution of the great race problem in the Pacific Ocean and on which we can ever have the opendoor policy for China is for America to be at least on a parity of power or an equilibrium of power with Asiatic nations in the Pacific Ocean. Therefore there are these several causes of war. territorial sovereignty. race antagonism. and added international commerce. and the only policy that contains any assurance of a just settlement of differences arising from these and other causes is for America to establish an equilibrium on the Atlantic with any European power and in the Pacific with any Asiatic power. The British Empire has a great colony to the north of us. which is in a sense a hostage. We can therefore leave that individual nation out of consideration.