Word: panama
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Dates: during 1940-1949
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Died. William Nelson Cromwell, 94, eminent New York corporation lawyer (founding partner of Sullivan & Cromwell); in Manhattan. One of the organizers of U.S. Steel, Cromwell was the last surviving principal (as general counsel) of the dubious New Panama Canal Co. that paid French engineering interests an estimated $5,000,000 "for canal rights in Panama, talked Theodore Roosevelt into buying them up for $40 million...
...Washington's diplomatic counterattack-which must strive not merely for present Russian withdrawal but for guarantees against future assaults-could start with a formal protest to Moscow (which was being readied this week). The next possible steps: U.N. discussion; economic sanctions, including the closing of the Suez and Panama canals to Soviet ships; a diplomatic break. Only after the failure of such steps was the U.S. likely to arm food trains which might or might not have to shoot their way through the Russian zone...
...Panama and Colombia...
Prepare for Peace. For all his planes and guns, and the best army in Central America, Tacho was worried. Last week he decided that it was time to try a little appeasement. To four Central American republics (Panama, Costa Rica, El Salvador, Honduras) his Foreign Minister Luis Debayle, who is also his brother-in-law, sent invitations to a regional conference on "outdated treaty agreements...
...36th's pilots, with their P-80 Shooting Stars, ground crews and dependents would all be transported by ship from Panama. The Air Force said it was just a routine rotation, made in the interest of training personnel in European operating conditions...