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J. & W. Seligman
sell the Panama canal to the USA
Page entitled : Sale of
the Panama canal to the USA
Content of this page is about :
How the Seligmans engaged Buneay-Varilla to lobby the Panama canal through
US Congress, their success and the banking of a revolution to found the
Republic of Panama
Extract :
... senate's vote then turned largely in favor of the Panama route and the
House of Representatives consequently reverted an earlier decision in favor
of Nicaragua. Buneau-Varilla and the Seligmans had won : the ocean linking
canal would be built through Panama. At least if another obstacle could be
removed. Almost as soon as the Panama route had won consensus approval in
the US Congress, the Colombian government retracted from its earlier
position to grant the rights-of-way. This may have only been a tactic to
negotiate better terms, but the Seligmans and Buneau-Varilla would not
engage that discussion. If the Colombians would not grant the Americans a
way through the Isthmus of Panama for a project which had already cost $400
million, Panama would separate from Colombia. ...
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