- Hay-Bunau Varilla Treaty
The Hay-Bunau Varilla Treaty was signed on
November 18 ,1903 (two weeks afterPanama 's independence fromColombia ).Phillipe Bunau-Varilla went toWashington, D.C. andNew York City to negotiate the terms with several U.S. officials, most prominently, Secretary of StateJohn Hay . The two men negotiated the terms of sale for the building of aPanama Canal and for aPanama Canal Zone surrounding the canal. No Panamanians signed the treaty although Bunau Varilla was present as the Panamanian minister — despite French citizenship.Bunau Varilla was a Frenchman originally involved in the building of the Panama Canal under the same man that built the
Suez Canal ,Ferdinand de Lesseps . After the collapse of the de Lesseps efforts to build the Panama Canal, Bunau Varilla became an important shareholder of the "Compagnie Nouvelle du Canal de Panama", which still had the concession, as well as certain valuable assets, for the building of a canal in Panama. As part of the Hay-Bunau Varilla negotiations, the U.S. bought the shares and assets of the "Compagnie Nouvelle du Canal de Panama" for US$40 million.The Hay-Bunau Varilla Treaty is also called The Treaty No Panamanian Signed, though Panama later agreed to the terms including: the
United States was to receive rights to a canal zone which was to extend five miles on either side of the canal route in perpetuity; Panama was to receive a payment from US up to $10 million and an annual rental payments of $250,000.This treaty was a source of conflict between Panama and the United States since its creation, that reached its peak on the
January 9 ,1964 riot s oversovereignty of the Panama Canal Zone. The riot started after a Panamanian flag was torn during conflict between Panamanian students and Canal Zone Police officers, over the right of the Panamanian flag to be flown alongside the U.S. flag. U.S. Army units became involved in suppressing the violence after the Canal Zone Police were overwhelmed. After three days of fighting, about 22 Panamanians and four U.S. solders were killed. This day is known in Panama asMartyrs' Day .The events of Martyrs' Day are considered to be a significant factor in the U.S. decision to negotiate the 1977
Torrijos-Carter Treaties , which finally abolished the Hay-Bunau Varilla Treaty and allowed the gradual transfer of control of the Canal Zone to Panama and the handover of the full control of the Panama Canal onDecember 31 ,1999 .ee also
*
Clayton-Bulwer Treaty
*Hay-Pauncefote Treaty
*Hay-Herran Treaty Mellander, Gustavo A.; Nelly Maldonado Mellander (1999). Charles Edward Magoon: The Panama Years. Río Piedras, Puerto Rico: Editorial Plaza Mayor. ISBN 1563281554. OCLC 42970390. Mellander, Gustavo A. (1971). The United States in Panamanian Politics: The Intriguing Formative Years. Danville, Ill.: Interstate Publishers. OCLC 138568.
External links
* [http://www.bartleby.com/43/47.html Full text of the Convention Between the United States and the Republic of Panama]
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