[The Hispanic Nations of the New World by William R. Shepherd]@TWC D-Link book
The Hispanic Nations of the New World

CHAPTER XI
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None of the States was thereafter to recognize in any of them a government which had been set up in an illegal fashion.

A "Constitutional Act of Central American Fraternity," moreover, was adopted on behalf of peace, harmony, and progress.

Toward a realization of the several objects of the conference, the Presidents of the five republics were to invite their colleagues of the United States and Mexico, whenever needful, to appoint representatives, to "lend their good offices in a purely friendly way." Though most of these agencies were promptly put into operation, the results were not altogether satisfactory.

Some discords, to be sure, were removed by treaties settling boundary questions and providing for reciprocal trade advantages; but it is doubtful whether the arrangements devised at Washington would have worked at all if the United States had not kept the little countries under a certain amount of observation.
What the Central Americans apparently preferred was to be left alone, some of them to mind their own business, others to mind their neighbor's affairs.
Of all the Central American countries Honduras was, perhaps, the one most afflicted with pecuniary misfortunes.

In 1909 its foreign debt, along with arrears of interest unpaid for thirty-seven years, was estimated at upwards of $110,000,000.


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