At the closing exercises of the Nanyang College which were held on the 3th instant, the following essay, was read by Mr. Chang Tsai-ching of the graduating class of the Preparatory Departueat. The readers of "The North-China Daily News," it is thought, will be greatly interested in seeing the standpoint from which an intelligent and wide-awake Chinese student regards one of the leading questions of the age:
The Monroe Doctrine was enunciated in 1823, when the chief European Pow scorned disposed to extend their system of repression to the American continent but it exerts at the present time lasting as well us broad influence upon the foreign policy of the United State. After the rarthrow of Napoleon at Waterloo in 1815, there was formed the Holy Alliance, whose object soon came to meait interference in any country threatened by revolution, and its suppression by appeal to force if necessary. Backed up by the Czar Alexander I and the Austrian statesman Metternich, it gained the un-ulmous approbation' of the great con-{inental Powers excepting England and France. But France soon became an advocate, and England was solely recalcitrant. Conferences were held at fre-ghent intervals to meet and discuss the
Text read from the printed page and cleaned; old type leaves the occasional error.