Spooner_Act

Spooner Act

Spooner Act

1902 act of the United States Congress

The First Spooner Act of 1902 (also referred to as the Panama Canal Act, 32 Stat. 481)[1] was written by a United States senator from Wisconsin, John Coit Spooner, enacted on June 28, 1902, and signed by President Roosevelt the following day. It authorized purchasing the assets of a French syndicate called the Compagnie Nouvelle du Canal de Panama, provided that a treaty could be negotiated with the Republic of Colombia.

John Coit Spooner, United States Senator from Wisconsin

The syndicate, headed by Philippe-Jean Bunau-Varilla, sold at a price reduced from $110 million to only $40 million. US lawyer William Nelson Cromwell subsequently received a commission of $800,000 for his lobbying.[2][3][4]

The Spooner Act was followed by the Hay–Bunau-Varilla Treaty of November 18, 1903.

See also

References

  1. [1]
    "Records of the Panama Canal". US National Archives. Retrieved 12 January 2014.
  2. [2]
    "Panama Canal Act [1902]". History Central. Retrieved 12 January 2014.
  3. [3]
    "AMERICAN CANAL CONSTRUCTION". Panama Canal Authority. Retrieved 12 January 2014.
  4. [4]
    Kinzer, Stephen (2007). "3. From a Whorehouse to a White House". Overthrow: America's Century of Regime Change from Hawaii to Iraq. pp. 56-62.
Stub icon

This United States federal legislation article is a stub. You can help Wikipedia by expanding it.

Stub icon

This Panama-related article is a stub. You can help Wikipedia by expanding it.
Share this article:

This article uses material from the Wikipedia article Spooner_Act, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.