Meanwhile the managers of the French Company became greatly alarmed at the prospect of losing the sum which the United States had agreed to pay for its rights and diggings, and it took steps to avert this total loss. The most natural means which occurred to it, the means which it adopted, was to incite a revolution in the State of Panama. To understand the affair truly, the reader must remember that Panama had long been the chief source of wealth to the Republic of Colombia. The mountain gentry who conducted the Colombian Government at Bogota treated Panama like a conquered. province, to be squeezed to the utmost for the benefit of the politicians. There was neither community of interest nor racial sympathy between the Panamanians and the Colombians, and, as it required a journey of fifteen days to go from Panama to the Capital, geography, also, added its sundering influence. Quite naturally the Panamanians, in the course of less than half a century, had made more than fifty attempts to revolt from Colombia and establish their own independence. The most illiterate of them could understand that, if they were independent, the money which they received and passed on to Bogota., for the bandits there to spend, would remain in their own hands. An appeal to their love of liberty, being coupled with so obvious an appeal to their pockets, was irresistible. Just what devices the French Company employed to instigate revolution, can be read in the interesting work of M. Bunau-Varilla, one of the most zealous officers of the French Company, who had devoted his life to achieving the construction of the Trans-Isthmian Canal. He was indefatigable, breezy, and deliberately indiscreet. He tells much, and what he does not tell he leaves you to infer, without risk of going astray. Mr. William Nelson Cromwell, of New York; the general counsel of the Company, offset Varilla's loquacity by a proper amount of reticence. Bunau-Varilla hurried over from Paris, and had interviews with President Roosevelt and Secretary Hay, but could not draw them into his conspiracy. The President told him that, at the utmost, he would only order American warships, which were on the Panama coast, to prevent any attack from outside which might cause bloodshed and interfere with the undisturbed passage across the Isthmus, a duty which the United States was pledged to perform. The French zealot-conspirator freely announced that the revolution at Panama would take place at noon on November 3d. It did take place as scheduled without violence, and with only the accidental killing of a Chinaman and a dog. The next day the Revolutionists proclaimed the Republic of Panama, and on November 6th the United States formally recognized its existence and prepared to open diplomatic relations with it. The Colombian Government had tried to send troops to put down the rebellion, but the American warships, obeying their orders to prevent bloodshed or fighting, would not allow the troops to land.