Word: panamas
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Dates: during 1920-1929
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Senator Borah in the Senate, Representative Newton of Minnesota in the House, began last week suddenly to talk of something that their colleagues had never heard of. They in turn heard of the matter from Richard O. Marsh, a former diplomatic official of the U. S. in Panama, now a rubber expert, and most distinguished as the discoverer of the "white Indians" (TIME, June 30, 1924, SCIENCE...
...wrote to the two speakers: "In April the government of the Republic of Panama granted to powerful British financial interests, encouraged by the British government, immense concessions to practically all the valuable public lands of Panama...
...ostensible purpose of these concessions was to give to the British exclusive control of practically all future development of mineral rights in Panama, excepting oil, coal, salt and mineral waters...
...main purpose of these concessions was to prevent the possibility of a large American owned and controlled rubber development in Panama, sufficient in scope to make America independent of the present British monopoly of the world's crude rubber...
...said further that the concessions were some 4,600 square miles on both sides of the canal (within 50 or 60 miles, his maps indicated), that they included the only two harbors on the Pacific coast suitable for military operations against the canal, and that the people of Panama were giving away these valuable concessions in perpetuity with almost no return...