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
After the agreement to arbitrate had been made, the situation was
further complicated by the demands of the blockading powers that the
sums ascertained by the mixed commissions to be due them should be paid
in full before anything was paid upon the claims of the peace powers.
Venezuela insisted that all her creditors should be treated alike. The
Kaiser, from what motives it is not quite clear, suggested that this
question should be referred to President Roosevelt, but as the United
States was an interested party, Secretary Hay did not think it would be
proper for the President to act, and it was finally agreed that the
demands for preferential treatment should be submitted to the Hague
Court.
During the summer of 1903 ten mixed commissions sat at Caracas to
adjudicate upon the claims of as many nations against Venezuela. These
commissions simply determined the amount of the claims in each case. The
awards of these commissions are very instructive, as they show the
injustice of resorting to measures of coercion for the collection of
pecuniary claims which have not been submitted to arbitration. Belgian
claimants demanded 14,921,805 bolivars and were awarded 10,898,643;
British claimants demanded 14,743,572 and were awarded 9,401,267; German
claimants demanded 7,376,685 and were awarded 2,091,908; Italian
claimants demanded 39,844,258 and were awarded 2,975,906; Spanish
claimants demanded 5,307,626 and were awarded 1,974,818; United States
claimants demanded 81,410,952 and were awarded 2,313,711.[254]
The decision of the Hague Court, which was rendered February 22, 1904,
held that the three allied powers were entitled to preferential
treatment; that Venezuela had recognized in principle the justice of
their claims while she had not recognized in principle the justice of
the claims of the pacific powers; that the neutral powers had profited
to some extent by the operations of the allies, and that their rights
remained for the future absolutely intact.[255] This decision, emanating
from a peace court, and indorsing the principle of armed coercion, was
received with no small degree of criticism.
During the discussions on the Venezuelan situation that took place in
Parliament in December, 1902, the members of the government repeatedly
repudiated the charge of the opposition that they were engaged in a
debt-collecting expedition, and tried to make it appear that they were
protecting the lives and liberties of British subjects. Lord Cranborne
declared:
I can frankly tell the House that it is not the claims of
the bondholders that bulk largest in the estimation of the
government. I do not believe the government would ever have
taken the strong measures to which they have been driven if
it had not been for the attacks by Venezuela upon the lives,
the liberty, and the property of British subjects.
During the same discussion, Mr. Norman said:
Public-domain text, read in full here on John Shaqi.
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