Word: canalizes
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...Rica and Panama as a United States Information Service officer and as a coordinator of U.S. aid projects. In 1961 he went to Washington as director of the Peace Corps' sprawling Latin American operation. President Johnson soon tagged him as a comer, and last year, after the bloody Canal Zone riots, picked him as Ambassador to Panama...
Genuine Service. The U.S. is prepared to spend up to $2 billion on the project. It does not demand absolute sovereignty, will welcome international or inter-American administration of the waterway. For its money, the U.S. will insist that the canal be a genuine public service to the world, operated, as is the present canal, on the basis of guaranteed access without discrimination for all nations at fixed, reasonable rates. Panama would profit from a major share of the tolls and a powerful voice in the administration, to say nothing of greater trade, tourism, and a dozen other benefits...
Panama's nationalists have long been rabidly convinced that the U.S. reaps enormous profits from the old canal. The facts: toll rates have not been raised since 1914; the canal grossed $68 million last year, barely enough to cover expenses; in 50 years, the U.S. has not yet amortized the $380 million original cost. Nevertheless, the nationalists view the present canal as a Panamanian "natural resource," and that attitude guides even such able men as President Marco Robles and Foreign Minister Fernando Eleta. Their position, at least as an opening gambit: they will agree to a new canal only...
Moral Responsibility. Moreover, the Panamanians insist that no matter what happens with the new canal, the U.S. has a "moral and legal responsibility" to continue operating the old canal. Said one perplexed U.S. official: "First they make an issue over the U.S. not having 'sovereignty in perpetuity' over the canal. Then, after all the talk of getting rid of us, they say that we are morally obligated to remain in Panama under the 'perpetuity' clause to keep the canal going as a business operation for the Panamanians. Now that is an absurd contradiction...
...anxious to get on with the project. The old canal will be swamped by traffic within 35 years, and a new route must be chosen soon. Out side of Panama, there are two possible routes under consideration: one through Costa Rica and Nicaragua; the other through Colombia. In the preliminary talks, the top men in Nicaragua and Costa Rica, as well as Colombia's Guillermo Leon Valencia, were anxious to negotiate. The U.S. is not presenting Panama with any ultimatums, but it hopes that the country will soon decide where its true interests...