[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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This project, coupled with the fact that certain American citizens seeking an oil concession had undermined the power of the President by wholesale bribery, induced the Minister of War, in 1917, to start a revolt against him.

Rather than shed the blood of his fellow citizens for mere personal advantages, Gonzalez sustained the good reputation of Costa Rica for freedom from civil commotions by quietly leaving the country and going to the United States to present his case.
In consequence, the American Government declined to recognize the de facto ruler.
Police and fiscal supervision by the United States has characterized the recent history of Panama.

Not only has a proposed increase in the customs duties been disallowed, but more than once the unrest attending presidential elections has required the calming presence of American officials.

As a means of forestalling outbreaks, particularly in view of the cosmopolitan population resident on the Isthmus, the republic enacted a law in 1914 which forbade foreigners to mix in local politics and authorized the expulsion of naturalized citizens who attacked the Government through the press or otherwise.

With the approval of the United States, Panama entered into an agreement with American financiers providing for the creation of a national bank, one-fourth of the directors of which should be named by the Government of the republic.
The second period of American rule in Cuba lasted till 1909.


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