The Hispanic Nations of the New World: A Chronicle of Our Southern NeighborsShepherd, William R. (William Robert)
History
The Hispanic Nations of the New World: A Chronicle of Our Southern Neighbors
Shepherd, William R. (William Robert)
America; Latin America -- History
A "Constitutional Act of Central American
Fraternity," moreover, was adopted on behalf of peace, harmony, and
progress. Toward a realization of the several objects of the conference,
the Presidents of the five republics were to invite their colleagues
of the United States and Mexico, whenever needful, to appoint
representatives, to "lend their good offices in a purely friendly way."
Though most of these agencies were promptly put into operation, the
results were not altogether satisfactory. Some discords, to be sure,
were removed by treaties settling boundary questions and providing for
reciprocal trade advantages; but it is doubtful whether the arrangements
devised at Washington would have worked at all if the United States had
not kept the little countries under a certain amount of observation.
What the Central Americans apparently preferred was to be left alone,
some of them to mind their own business, others to mind their neighbor's
affairs.
Of all the Central American countries Honduras was, perhaps, the one
most afflicted with pecuniary misfortunes. In 1909 its foreign debt,
along with arrears of interest unpaid for thirty-seven years, was
estimated at upwards of $110,000,000. Of this amount a large part
consisted of loans obtained from foreign capitalists, at more or less
extortionate rates, for the construction of a short railway, of which
less than half had been built. That revolutions should be rather
chronic in a land where so much money could be squandered and where
the temperaments of Presidents and ex-Presidents were so bellicose,
was natural enough. When the United States could not induce the warring
rivals to abide by fair elections, it sent a force of marines to overawe
them and gave warning that further disturbances would not be allowed.
Public-domain text, read in full here on John Shaqi.
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