Contemporary American History, 1877-1913Beard, Charles A. (Charles Austin)
History
Contemporary American History, 1877-1913
Beard, Charles A. (Charles Austin)
United States -- History -- 1865-1921
On the basis of this law, which was signed June 28, 1902, negotiations
were begun with Colombia, but they ended in failure because that country
expected to secure better terms than those offered by the United States.
The Americans who were interested in the French concern and expected to
make millions out of the purchase of property that was substantially
worthless, were greatly distressed by the refusal of Colombia to ratify
the treaty which had been negotiated. Residents of Panama were likewise
disturbed at this delay in an enterprise which meant great prosperity
for them, and with the sympathy if not the support of the American
administration, a revolt was instigated at the Isthmus and carried out
under the protection of American arms on November 3, 1903. Three days
later, President Roosevelt recognized the independence of the new
revolutionary government. In his message in December, Mr. Roosevelt
explained the great necessity under which he labored, and convinced his
friends of the wisdom and justice of his course.
By a treaty proclaimed on February 26, 1904, between Panama and the
United States, provision was made for the construction of the canal. The
independence of the former country was guaranteed, and the latter
obtained "in perpetuity the use, occupation, and control" of a canal
zone, and the right to construct, maintain, and operate the canal and
other means of transportation through the strip. Panama was paid
$10,000,000 for her concession and promised $250,000 a year after the
lapse of nine years. The full $40,000,000 was paid over to the French
concern and its American underwriters; the lock type instead of the
sea-level canal was agreed upon in 1906; construction by private
contractors was rejected in favor of public direct employment under
official engineers; and the work was pushed forward with great rapidity
in the hope that it might be completed before 1915.
* * * * *
The country had not settled down after the Panama affair before popular
interest was again engaged in a diplomatic tangle with Santo Domingo.
That petty republic, on account of its many revolutions, had become
deeply involved in debt, and European creditors, through their
diplomatic agents, had practically threatened the use of armed force in
collecting arrears, unless the United States would undertake the
supervision of the Dominican customs and divide the revenues in a
suitable manner. In an agreement signed in February, 1905, between the
United States and Santo Domingo, provisions were made for carrying such
an arrangement into effect. The Senate, having failed to sanction the
treaty, Mr. Roosevelt practically carried out the program unofficially
and gave it substantial support in the form of American battleships.
Public-domain text, read in full here on John Shaqi.
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