Word: panamanians
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President Nixon dropped the U.S. requirement for a sea-level canal option, and U.S. and Panamanian negotiators drafted a treaty giving the present canal to Panama after 50 years of joint operation. Panama's leader, Omar Torrijos, insisted on the year 2000 as the turnover date and on U.S. relinquishment of post-treaty canal defense rights...
President Carter did a remarkable job of selling the Panamanian treaties to the Senate. This was his contribution to their success...
...State John Hay that was later to confront me with the most difficult political battle I had ever faced, including my long campaign for President. On the night of Nov. 18, 1903, a treaty was signed in Washington between the newly proclaimed Republic of Panama and the U.S. No Panamanian had ever seen the treaty, the terms of which were highly favorable to the U.S. Acting for Panama was a French businessman, Philippe Bunau-Varilla, whose authority was doubtful and who had not even visited Panama in 18 years...
...decided to invite national leaders throughout this hemisphere to attend a signing ceremony on Sept. 7. As Torrijos and I waited in a small office before entering the large assembly hall, he tried to thank me for ending generations of frustration and despair among the Panamanian people. But before he could finish his statement, he broke down and sobbed as his wife held...
Under local laws, the Panamanian firms could be started with as little as $10,000 in capital, but could be used to borrow far greater sums on world financial markets. Calvi launched at least a dozen such "shell" companies in Panama, listing employees of his Bahamas bank, including the switchboard operator, as directors and officers...