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Updated: June 1, 2025
Notwithstanding this, efforts are reported to be continuing for the ascertainment of Colombia's contingent liability on account of Cerruti's debts under the fifth article of the award.
And this is what took place: The President wanted the Senator to read a message which he had already prepared, in reference to Colombia's action in rejecting the treaty and the canal in general; which message showed very clearly that the President had never contemplated the secession of Panama, and was considering different methods in order to obtain the right of way across the Isthmus from Colombia, fully expecting to deal only with the Colombian Government on the subject.
The matter was almost settled, when again Colombia's greed got the better of her judgment and she refused to ratify the compact. When the people of the province of Panama saw that they were likely to lose their canal through the action of their government, they promptly revolted and declared themselves independent of Colombia.
Colombia naturally felt aggrieved at the course pursued by President Roosevelt and refused to recognize the Republic of Panama. She objected to his interpretation of the convention of 1846. In this convention the United States pledged itself to keep the isthmian transit open and guaranteed Colombia's sovereignty over the same.
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