Salt Lake Telegram | 1936-03-02 | Page 1 | U. S. Right of Intervention in Panama is Abandoned

U. U S. S Right of Intervention V VIn In III Panama Is Abandoned WASHINGTON March 2 AP In AP-In In pursuance of President Roosevelt's s 's good neighbor policy the United States today agreed to abandon its right of intervention in Panama 4 In a treaty signed by the he two governments today the United States gave up its Us right held lc since c cb tion of Panama canal began to maintain public order in the cities of Panama Colon and the territories and harbor adjacent thereto in case the republic of Panama should not be in the judgment of the of-the the United States able to maintain such order That right was conferred red upon the United States in the thc 1903 treaty which has governed the relations of the two countries up to the present and which the new pact Is' Is designed to replace The United Stat States also abrogated the article of of the thc 1903 1003 treaty by which it guarantees and will maintain main main- lain tain the Independence of republic lic lie of Panama Panama also succeeded eded through the new new treaty in it its efforts to obtain obtain ob oh- tam tain a larger rental on tho the canal from this government because lecause of ot the reduction in the dollars dollar's gold weight The Tho pact included an arrangement arrangement arrange arrange- ment whereby tho the United States gives Panama the equivalent lent of OOOO an annually In the tho old gold dollar Under Ul the 1903 treaty rc ty the tho United States was obligated to pay a annually In gold When the tho gold payment clause in United States obligations obligations ob ob- ob- ob ge generally e all was abrogated Pana Panama a refused to accept OOOO In pre dollars contending It would be bo subjected to loss The new treaty provides that the United States henceforth will pay the Ute canal rental in the thc of at currency