HEREWITH I transmit a Memorandum on the Monroe Doctrine, prepared by your direction, given a little over two months ago. . . .
It is of first importance to have in mind that Monroe’s declaration in its terms, relates to the relationships between European states on the one side, and, on the other side, the American continents, the Western Hemisphere, and the Latin American Governments which on December 2, 1823, had declared and maintained their independence which we had acknowledged.