The United States and Latin AmericaLatané, John Holladay
History
The United States and Latin America
Latané, John Holladay
Latin America -- Foreign relations -- United States; United States -- Foreign relations -- Latin America
When the Hepburn bill came up for discussion in the Senate, the
situation had thus been radically changed, and a long debate ensued as
to the relative merits of the two routes. Senator Morgan continued to
fight for Nicaragua as the traditional American route, declaring that
the Panama Company could not give a valid transfer of its property and
interests. But this objection was cleverly met by Senator Spooner, who
offered an amendment, which was virtually a substitute, authorizing the
President to acquire the rights and property of the French company at a
cost not exceeding $40,000,000; to acquire from the Republic of
Colombia, upon such terms as he might deem reasonable, perpetual control
of a strip of land, not less than six miles in width, extending from the
Caribbean Sea to the Pacific Ocean, with jurisdiction over said strip;
and to proceed as soon as these rights were acquired, to construct a
canal. But should the President be unable to obtain a satisfactory title
to the property of the French company and the control of the necessary
strip of land from the Republic of Colombia "within a reasonable time
and upon reasonable terms," then he was instructed to secure control of
the necessary strip through Nicaragua and to proceed to construct a
canal there. The bill as amended passed the Senate June 19, 1902, by a
vote of 67 to 6. The House at first refused to concur in the Spooner
amendment, but after a conference it finally gave way and the measure
was adopted by a vote of 260 to 8. The act was signed by President
Roosevelt June 28.[186]
Attorney-General Knox was sent to Paris to make a thorough investigation
of the affairs of the Panama Company. He reported that it could give a
clear title. The next step was to secure a right of way through
Colombia. After considerable delay Secretary Hay and Mr. Herran, the
Colombian charge d'affaires, signed, January 22, 1903, a canal
convention, by the terms of which the United States agreed to pay
Colombia $10,000,000 in cash and an annuity of $250,000 for the lease of
a strip of land six miles wide across the isthmus. Objection was raised
to this treaty because it failed to secure for the United States full
governmental control over the canal zone, but it was considered the best
that could be gotten and it was ratified by the United States Senate
March 17, 1903.
Public-domain text, read in full here on John Shaqi.
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